PQShield is a UK based post-quantum cryptography provider that recently raised a hefty $20 million in series A funding. The company plans to use the funds to grow its team and expand its product offerings.
PQShield has an impressive product suite that includes hardware and software cryptography solutions, end to end encrypted messaging platforms, server technologies, and IoT firmware. It also boasts one of the largest concentrations of cryptography experts in the world. This combined with a growing demand for its solutions is a boon to businesses looking to combat today’s security threats.
The company’s newest addition is a Senior Director of Hardware Engineering. PQShield’s newest recruit is Graeme Hickey, a former NXP Semiconductors engineer. With the help of his expertise, the company is poised to become the leader in the post-quantum encryption space.
One of the most pronounced trends in information security is the advent of quantum computing. While it is still a few years away from practical application, the promise of these elusive computers will change the game for cybersecurity professionals. For example, a quantum computer could decode encryption keys for secure applications like end-to-end messaging services. Unfortunately, these machines are extremely difficult to build. In the near future, businesses will need to upgrade their cybersecurity in order to protect against this new threat.
The company has been operating for a few years and has garnered some impressive early support from the likes of Addition, Crane, and Oxford Science Enterprises. CEO Ali El Kaafarani and his team have created a post-quantum cryptography solution that’s ready to roll out right now. Some of its features include a system on a chip, public key infrastructure, and a cryptographic SDK that can be easily integrated into a variety of technologies used for processing data.
The current market
PQShield’s products are designed to meet the needs of today’s businesses and protect them from the aforementioned nefarious neoterics of tomorrow. And the best part is they’re compatible with existing infrastructure. That is a major accomplishment in the current market, where companies are reliant on systems built in the past.
The company’s most lauded achievement is its ability to demonstrate the aforementioned post-quantum cryptography on chips. While they might be a few years away from practical application, there is no doubt that the company is a leader in the field.
Dream Come True
Aside from a few notable exceptions, Berlin is an expensive city. The cost of living is a killer. The glitz and glamour that comes with being a genteel capital hasn’t exactly been a friend to startups. Thankfully, some enterprising Germans have tapped into the zeitgeist that is the Berlin tech scene and are leveraging their burgeoning network to the hilt. One such saviour is Warehousing1, a company that has secured 10 million euros in funding for its high-tech solutions in the logistics space. And with the help of a few savvy partners, they have a new lease on life. With the right wheels and a little oomph, this startup will be a force to be reckoned with in no time.
For the sophisticats among you, the best way to keep your wallet out of your pocket is to entrust it to the sage that is Warehousing1. The company has a stellar track record and has been a great partner in fostering the innovation of the neophytes.