Wultra, a Prague, Czech Republic-based post-quantum authentication solutions company, raised €3M in funding.
Backers included Tensor Ventures, Elevator Ventures, and J&T Ventures.
The company intends to use the funds to develop post-quantum authentication solutions, enable its expansion into Western Europe and Southeast Asia, and to open a Singapore office in 2025 to serve the demand in these regions.
Led by Petr Dvořák, CEO and Founder, Wultra provides post-quantum authentication solutions for financial institutions, ensuring the access to digital services. Its technology, empowered by NIST-endorsed quantum-resistant cryptography, delivers bulletproof security, a passwordless user experience, and compliance with global regulations.
Used by financial institutions worldwide, the solutions meet stringent standards like PSD3/PSR1 and eIDAS 2.0 while offering protection against evolving cyber threats.
FinSMEs
15/01/2025