Crypto Quantique secures £6.4m seed round from ADV to scale IoT security platform
The seed round was led by ADV with participation from Entrepreneur First.
Crypto Quantique develops quantum driven cybersecurity products to secure internet of things networks from silicon to the cloud. The firm uses advanced cryptography and quantum physics to generate unforgeable device identities.
London based cybersecurity startup Crypto Quantique has secured £6.4m in a seed round led by ADV. The financing also drew participation from Entrepreneur First and other backers.
The capital will be deployed to commercialise the company's unforgeable identity technology and expand its software development team. Funds will be directed towards enhancing its Key Management Service and advanced cryptography offerings.
The injection of capital follows the company's recent appointments and aims to support its mission of establishing foundational security protocols across connected device ecosystems.
From the founder
"The proliferation of catastrophic end-point derived cyber-attacks is unacceptable, dangerous and threatens to irrevocably undermine trust in our connected world,"
Shahram Mossayebi
CEO at Crypto Quantique
Use of funds
- 01Continue product development
- 02Grow the team
Investors
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About the company
Crypto Quantique
Crypto Quantique develops quantum driven cybersecurity technology for internet of things networks.