August 06, 2024
BTQ Technologies Corp., a global leader in quantum technology focused on securing critical networks, has announced a significant funding award that will enhance its existing intellectual property in the post-quantum domain. The company intends to seek further research and development grants and collaborations to strengthen its presence in Canada's dynamic quantum and cybersecurity sectors.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
BTQ Technologies | $435K | August 06, 2024 | Grant | Mitacs Accelerate Program | ZK |
In May 2024, BTQ received approval for its Mitacs Accelerate project, "Enabling Efficient Zero-Knowledge Proofs-Based Post-Quantum Digital Signature Schemes." This project, supervised by Prof. Guang Gong from the University of Waterloo's Department of Electrical and Computer Engineering, will run until July 2026.
Guang Gong, the project lead and a professor in the Department of Electrical and Computer Engineering, as well as a University Research Chair and IEEE Fellow, expressed his enthusiasm for receiving the Mitacs grant in partnership with HH-BTQ. The project focuses on exploring the efficiency and implementation of Preon, a post-quantum digital signature scheme based on the Aurora zkSNARK proof system and the AES circuit, which was submitted to NIST in 2023. This collaboration will offer graduate students and post-doctoral fellows valuable research experiences and exposure to advanced industrial R&D.
About BTQ Technologies
BTQ was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions.
Website: https://www.btq.com/
About Investor
Investor: Mitacs Accelerate Program
Mitacs fosters Canadian innovation by forming effective partnerships that address the world's most urgent challenges. By enhancing economic growth and productivity, Mitacs contributes to improving the quality of life for Canadians. Established in 1999, Mitacs has expanded from its mathematical roots to support a variety of fields, including STEM and social innovation. With nearly 400 employees and offices in Ottawa, Montréal, Toronto, and Vancouver, Mitacs plays a crucial role in Canada's innovation landscape.
Location: Canada
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