Quantum Xchange

Quantum Xchange

Quantum Xchange is a quantum fiber network based in the United States. It uses photons of light to physically transfer a shared secret between two entities.

Quantum Xchange is a cybersecurity company developing Phio, a quantum-safe network providing both traditional key -transmission services and Quantum Key Distribution (QKD) via point to multi-point transmission across any distance.

Quantum Xchange offers custom managed service with its fiber network Phio and it's supporting hardware Phio Quantum Key (Phio QK) and Phio Trusted Xchange (Phio TX).

Phio QK, utilizes the quantum mechanical properties of photons to securely transmit data. Keys are derived from exchanged quantum information. Attempts to read the photon causes a change of the quantum state and that photon bit is rejected.

Phio TX, is a key management system that allows organizations to select the level of communications protection required. Organizations can select either traditional cryptography with out-of-band key delivery or quantum cryptography via QKD. Working within an organization's existing encryption environment, the Phio TX out-of-band symmetric key delivery enables encrypted, fault-tolerant, and load-balanced point-to-multipoint key transmissions across any distance without the need for dedicated fiber.

Quantum Xchange has raised a total of $10M in funding from a Series A round on Jun 26, 2018. The lead investors are New Technology Ventures.

Timeline

Funding rounds

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Funding type
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Funding round date
Investment
Quantum Xchange funding round, June 2018
10,000,000
June 2018
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People

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Role
LinkedIn

April Burghardt

VP of Corporate Communications

Don Manley

VP Business Development - Strategic Partnerships

Dr James Cash

Advisor

Dr Whitfield Diffie

Advisor

Gary Benedetti

EVP of Sales

Gene Savchuk

CTO

Hal Chapel

Chairman

John Prisco

President and CEO

Stacey Sweeney

CMO

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