Q*Bird, a Delft, the Netherlands-based communications security startup, raised €2.5M in funding.
The round was led by QDNL Participations and Cottonwood Technology Fund, with participation from InnovationQuarter.
The company intends to use the funds to scale up sales of Falqon, and develop further products in the quantum security space.
Led by CEO Ingrid Romijn, Q*Bird has developed a quantum cryptography (QKD) product called Falqon, which provides security against any attack, including those from future quantum computers. The company is currently involved in a large-scale trial of its technology at the Port of Rotterdam, a key part of the European trade economy. It has already secured a launch customer for Falqon, and their product line is due to officially launch later in the year. In addition, it has already signed three other contracts to deploy quantum networks across Europe and partnered with Eurofiber to enhance the security of its networks and its customers.
FinSMEs
28/05/2024