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
People
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