Shasta Ventures Leads Series A Round in Quantum-Safe Security Leader ISARA Corp. with $10 Million USD Investment
Summary
Additional investors will be announced in the coming weeks as ISARA ramps up its capabilities through strategic initiatives with Cisco, DigiCert, Gemalto, Volkswagen AG and others.“Quantum computing requires a wholesale, generational rethinking of how we secure the digital environment,” said Shasta Ventures Partner Nitin Chopra.“Shasta’s investment recognizes the fundamental role security will play in the Quantum Age,” said ISARA CEO Scott Totzke.“Shasta’s investment is another validation of Canada’s – and specifically the Quantum Valley in the Waterloo Region’s – growing role in creating the next wave of technology,” said Lazaridis.Founded in 2004, Shasta Ventures has more than $1B under management funding companies specializing in enterprise software, consumer technology and emerging platforms including Anaplan, Apptio, Dollar Shave Club, Eero, Mint, Nest, Nextdoor, Smule, Zuora and more.