PQShield Raises £5.5M in Seed Funding
Summary
PQShield, an Oxford, UK-based cybersecurity startup specialising in post-quantum cryptography, is emerging from stealth raising a £5.5m ($7m) in seed funding. The round was led by Kindred Capital with participation from Crane Venture Partners, Oxford Sciences Innovation and angel investors including Andre Crawford-Brunt, Deutsche Bank’s former global head of equities. An Oxford University spin-out founded by Dr Ali El Kaafarani, a research fellow at Oxford’s Mathematical Institute and former engineer at Hewlett-Packard Labs, PQShield provides a suite of quantum-secure solutions for software, hardware, and data in transit. Its System on Chip (SoC) solution, built fully in-house, will be licensed to hardware manufacturers, while its software development kit enables the creation of secure messaging solutions protected by post-quantum algorithms that leverage a provably secure, Signal-derived protocol. In practice, PQShield can secure everything from keyless cars and other connected devices, to data moving to and from cloud servers.
Funding
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