evolutionQ, a Kitchener-Waterloo, Canada- and Aachen, Germany-based company advancing quantum-safe cybersecurity products, closed US$5.5m in Series A funding.
Quantonation, a Paris-based VC fund dedicated to quantum technologies, led the round, with participation from The Group Ventures.
The company intends to use the funds to recruit top global talent and expand teams in Germany and Canada, advance product development, expand service offerings, and grow sales across Europe and North America.
Led by Dr. Michele Mosca, Chief Executive Officer, Dr. Norbert Lütkenhaus, Chief Technology Officer, and Dr. David Jao, Chief Cryptographer, evolutionQ provides BasejumpQDN(TM), a quantum-safe software platform that allows organizations building a network based on Quantum Key Distribution devices to deploy and manage quantum technologies throughout their network.
In addition to developing cybersecurity products that protect against quantum computers, the company provides services such as risk assessments for clients wishing to safeguard their digital infrastructures.