Quantum Bridge Raises $8 Million for Quantum-Safe Key Distribution Solution
The new Series A funding round brings the total raised by Quantum Bridge to $16 million. The post Quantum Bridge Raises $8 Million for Quantum-Safe Key Distribution Solution appeared first on SecurityWeek.
Toronto, Canada-based Quantum Bridge announced on Wednesday that it has raised $8 million in Series A funding for its quantum-safe key distribution solution.
The new funding, which brings the total raised by the company to $16 million, was supported by Wayra (Telefónica), Cadenza VC, Club degli Investitori angels, HPE, and Bacchus Venture Capital.
Founded in 2019, Quantum Bridge has developed a quantum-safe cybersecurity solution built around its patented Distributed Symmetric Key Establishment (DSKE) protocol, a key distribution technology that automates the creation and distribution of symmetric keys.
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