PQShield secures $37M more for ‘quantum resistant' cryptography [TechCrunch]
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Microchip Technology Incorporated (MCHP)
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Source: TechCrunch
Security startup PQShield has gotten an early start on that concept with a focus on “post-quantum” cryptography: software and hardware solutions that, in theory, are future-proofed, capable of withstanding even hacks one day carried out using the most powerful quantum machines. Now, to meet industry demand to build hardware and related systems based on its work, the company is announcing a further $37 million in funding. Addition, Lee Fixel's investment firm, led this Series B with other strategic and financial backers including Chevron Technology Ventures, Legal & General and Braavos Capital (all new investors) and previous backer Oxford Science Enterprises. Addition also led PQShield's Series A in 2022 . (We asked but the startup is not disclosing valuation.) Ali El Kaafarani, a mathematics academic from Oxford who founded and leads the startup (which was also founded in Oxford), said the funding will be going towards hiring more talent and working more closely with its curre
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