PQShield raises $37m in Series B funding to deliver the widespread commercial adoption of quantum resistant cryptography [Yahoo! Finance]
Microchip Technology Incorporated (MCHP)
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Source: Yahoo! Finance
The funding comes just as NIST is due to publish the official standards for post-quantum cryptography (PQC) – the final milestone in a process that is driving the global transition to quantum-resistant cryptography LONDON June 20, 2024 /PRNewswire/ -- 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. PQShield will use the funding to expand its commercial operations as it continues to meet growing global demand for its quantum-ready cryptographic solutions for hardware, software and communications, as well as its research IP. The National Institute of Standards & Technology's (NIST) post-quantum cryptography standards are due to be ratified in a matter of weeks, marking an inflexion point in the global transition to quantum s
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MCHP
Earnings
- 5/6/24 - Beat
MCHP
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- 6/12/24 - Form 4
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