PQShield, a cybersecurity company, recently raised $20 million in Series A funding. The funds will help the company accelerate product development and launch in new markets. It will also help the company hire more people, as well as expand its presence in the US, Europe, and the Middle East.
The company, which was spun out of Oxford University’s Mathematical Institute, offers solutions for security and privacy, including post-quantum cryptography and public key infrastructure. These products are designed to secure messaging services, IoT firmware, and end-to-end encrypted messaging platforms. They can be integrated into mobile apps and server applications, and are compatible with existing infrastructure. Founder Ali El Kaafarani says the company wants to be “the leader in the development of quantum-ready cryptographic solutions.”
Quantum computers pose a risk to the security of sensitive data. They could decode encryption keys for applications such as bitcoin and national intelligence. In addition, they have the ability to attack financial transactions. Several governments are concerned about the potential threat of powerful quantum computers. While governments are focusing on developing ways to keep up with this technological trend, companies are exploring quantum security.
In addition to PQShield’s technology, the company has also worked with several companies that are building post-quantum servers and devices. In a recent interview, PQShield CEO Ali El Kaafarani said that the company will be a supply-chain partner, allowing customers to access cryptographic secure elements for their products. He stressed the importance of a complete system of encryption, which will be able to protect sensitive data from being harvested, which he believes is the biggest concern in the security industry today.
PQShield’s solutions include a cryptographic SDK that can be used to integrate the cryptographic IP into mobile and server apps. They also offer cryptographic hardware and software for low-end and high-end devices. By integrating their products, customers can ensure their devices will be safe from attacks, even in the event of quantum computers. This will allow them to protect their users’ data for years to come.
Solutions are compatible
PQShield has an extensive team of experts in the field of cryptography. Their algorithms can be customized for different types of devices, and their solutions are compatible with existing infrastructure. Some of the companies that have licensed PQShield’s technologies are Arm, Apple, and Google.
In addition to its work in the United Kingdom, the company has operations in France and the United States. The company is expanding its global reach and has plans to double its team by 2022. Throughout the year, the company will also be exploring the defense and semiconductor industries.
According to Kaafarani, the company’s solution can be used for many different types of transactions, from credit cards to ATM withdrawals. PQShield is currently working on a technology for credit cards and has plans to develop a system for the semiconductor industry.
Quantum computing has been fueling big-tech activity, as companies like IBM and Intel have been investing in this sector. However, there is a concern that these machines are dangerous, as they lack the processing power to break traditional encryption protocols.