PQShield secures $37M more for ‘quantum resistant’ cryptography

The landscape of malicious hacking is becoming more sophisticated, necessitating advancements in security technology to keep individuals and organizations safe.

Security startup PQShield is at the forefront of this movement with a focus on “post-quantum” cryptography, which aims to future-proof software and hardware against potential quantum machine hacks.

To support the development of hardware and systems based on their work, the company has secured $37 million in funding, led by Addition and other strategic and financial backers.

Founder Ali El Kaafarani highlighted that the funding will be used to expand the team, collaborate with current and new partners, and cater to industry demands.

PQShield’s client list includes prominent companies like AMD, Microchip Technologies, and Collins Aerospace, along with advisory roles for governmental bodies and organizations like the White House and the World Economic Forum.

The company’s expertise in post-quantum cryptography positions them as a key player in the evolving landscape of encryption standards, especially as organizations strive to safeguard data in AI environments.

As technology progresses, PQShield’s solutions, spanning hardware, software, and communication tools, offer a commercial edge in a rapidly evolving market.

Investors like Addition recognize PQShield’s leadership in post-quantum cryptography and anticipate the rapid adoption of their solutions as industry standards evolve.