evolutionQ News Release June 13, 2022 - evolutionQ Secures US$5.5 Million in Series A Funding for Global Expansion
Summary
Global venture capital funds invest in Kitchener-Waterloo-based, quantum-safe cybersecurity company to propel product development and grow international salesKitchener-Waterloo, Ontario - evolutionQ, a Kitchener-Waterloo-based company pioneering the development of quantum-safe cybersecurity products, is pleased to announce the closing of US$5.5 million in Series A funding from a group of international venture capital (VC) partners. Dr. Christophe Jurczak, Managing Partner at Quantonation, said, evolutionQ has been founded by the most remarkable team of academic founders in the field of quantum-safe cybersecurity, with seminal contributions in the sector and a unique viewpoint giving them the ability to understand the threat that emerging quantum computers represent for companies, governments and individuals. We are very excited to join them in their entrepreneurial journey in North America and Europe.evolutionQ is a leading quantum-safe cybersecurity company led by world-renowned quantum computing experts Dr. Michele Mosca and Dr. Norbert L\xfctkenhaus. For more information about evolutionQ and to view career opportunities, please visit: https://evolutionq.comQuantonation is the leading VC dedicated to Quantum Technologies, managing 90m via its first vehicle Quantonation 1 with more than 30 operations realized already. Fields such as molecular design, high performance calculation, cybersecurity, or ultra-precise sensing are now driven by innovation based on Deep Physics and Quantum Technologies.