PQShield, a London, UK-based cybersecurity company specializing in post-quantum cryptography, raised $20m in Series A funding.
The round was led by Addition, with participation from existing investors Oxford Science Enterprises (formerly OSI) and Crane.
The company intends to use the funds to accelerate further product development, hiring and international expansion.
The proceeds will be used to extend PQShield’s presence in the US and EMEA, launch in new markets including Japan, and accelerate product development. The company is also planning to double its team by the end of 2022, beginning with the recruitment of Graeme Hickey, formerly of NXP Semiconductors, as Senior Director of Hardware Engineering
Led by CEO and founder Ali El Kaafarani, PQShield is a cybersecurity company specializing in post-quantum cryptography, protecting data from today’s attacks while readying organisations for the threat landscape of tomorrow. The quantum-secure cryptographic solutions work with companies’ legacy systems to protect devices and sensitive data now and for years to come. The company can demonstrate quantum-safe cryptography on chips, in applications, and in the cloud. Headquartered in the UK, PQShield has additional teams in the United States, France and the Netherlands.
FinSMEs
26/01/2022