June 20, 2024
PQShield, a cybersecurity company specializing in post-quantum cryptography (PQC), has raised $37 million in Series B funding led by Addition, with participation from new investors Chevron Technology Ventures, Legal & General and Braavos Capital, together with existing backers, Oxford Science Enterprises.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
PQShield | $37M | June 20, 2024 | Series B | Addition | Security |
PQShield plans to utilize the funds to scale up its business activities in response to the increasing worldwide demand for its quantum-prepared cryptographic solutions for hardware, software, and communications, along with its research intellectual property.
About PQShield
PQShield is a firm specializing in post-quantum cryptography (PQC), developing quantum-resistant cryptographic solutions that are revitalizing essential security systems and elements of the global tech supply chain. They provide practical, high-standard secure applications of quantum-resistant cryptography in hardware, software, and cloud environments, and are a prominent participant in global post-quantum cryptography standardization initiatives.
With its headquarters in the UK and a robust team of 70 spread across 10 countries, PQShield's work has gained recognition from Bloomberg, Wired, Fast Company, and the World Economic Forum. The company enjoys the support of Addition, Oxford Science Enterprises, Chevron Technology Ventures, Legal & General, Braavos Capital, Kindred Capital, Crane, and Innovate UK.
Website: https://pqshield.com/
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About Investor
Investor: Addition
Addition is an American venture capital firm based in New York City that invests in early and growth-stage technology companies.
Location: New York, New York
Website: https://addition.com/
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