![]() ![]() ![]() Through that process, we achieved our customer base of some very strong names, including a dozen Fortune 500 companies, government organisations, defence agencies,” he said. “We’ve spent the best part of a decade planting a scientific seed, maturing the science, translating that science to technology, and ultimately mapping that technology to solve real-world cyber problems. Specifically, this will include growing QLabs’ US headcount from eight to more than 20 over the next 18 months, starting with hiring a chief revenue officer, followed by expanding its sales, business development, and marketing teams. ![]() Speaking to ZDNet, QLabs founder and CEO Vikram Sharma said the investment would help with the continued development of the company’s quantum-based cybersecurity solutions. The funding round was led by Main Sequence and the investment arm of Canadian telco Telus, with participation from Mizuho Financial Group-backed InterValley Ventures and Terry Snow’s Capital Property Group. “We’re pleased to align with the leader in this space to gain a broader lens into cybersecurity innovations and how they may impact our industry,” he said.Canberra-based quantum cybersecurity solutions firm QuintessenceLabs (QLabs) has completed a AU$25 million series B funding round that will be used to expand the company globally and more than double its headcount. TELUS Ventures vice president of corporate strategy Mario Mele said his VC firm “is at the forefront of network security practices with an eye on the future of quantum safe technologies”. The company is considered a global leader in quantum cybersecurity recognised for its advanced quantum-safe data protection capabilities and has been recognised as a World Economic Forum Global Innovator as well as winning a prestigious 2020 CyberTech100 Award. He’s predicting that quantum cybersecurity will soon become mainstream and one of the critical pillars of a robust cybersecurity strategy for most organisations. “Safeguarding data – our most valuable resource – has never been more critical and we look forward to this exciting new growth stage while continuing to develop world-leading solutions to secure our increasingly digital lives. “We are delighted to have secured investments from Main Sequence and TELUS Ventures and be recognised for our breakthrough commercialisation of quantum enhanced cybersecurity solutions,” he said. Sharma said the investment underscores his company’s commitment of providing quantum safe crypto solutions and services to support security communities worldwide. His company protects data using quantum random number generators and advanced data access control software. QuintessenceLabs CEO and founder Vikram Sharma believes the next greatest threat to data and information is the advent of quantum computing and that organisations need to start assessing their cybersecurity posture from a quantum-safe perspective. The company is using the cash to build its customer base globally, targeting financial services, cloud providers, government agencies and the defence sectors. The round was led by the CSIRO’s VC fund Main Sequence Ventures and Canadian VC TELUS Ventures, with additional participation from Mizuho Financial Group-backed InterValley Ventures, which helps early stage Australian tech companies crack the Japanese market, and Capital Property Group. Canberra-based quantum cybersecurity venture QuintessenceLabs has raised $25 million in a series B. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |