Crypto Quantique is a venture capital-backed London-based company that develops quantum driven cyber security products for the internet of things. The stated focus of the company is combining quantum technologies with modern cryptography to develop hardware and software products which provide cyber security solutions and protect against hacking.
The company has invented a quantum driven physically unclonable function (QD-PUF) on a piece of silicon. When this device is combined with Crypto Quantique's cryptographic application programming interface, there is end-to-end security for any connected device. With this device there is the elimination of multiple parties involved in the security chain, thus leaving fewer risks for security breaches.
This security can be utilized for artificial intelligence, smart cities, internet of things, Big Data, devices that connect to the powering of major national infrastructure, and more . The technology for Crypto Quantique was developed by engineers from various fields, such as embedded cryptography and analogue integrated circuit design along with front-end developers.
On September 24, 2019 Crypto Quantique completed their seed funding round with $8 million in funding from ADV (lead investor), Entrepreneur First, and other investors. The company plans on using the funding to hire more employees for its software development team, and to enhance their platforms Key Management Service (KMS) and cryptography.
Crypto Quantique raises a $8,000,000 seed round from Entrepreneur First and Accelerated Digital Ventures.