QuintessenceLabs is primed to deliver global leadership in supporting customers to achieve a resilient quantum-safe cybersecurity posture in a complex cyber threat environment, while transforming society and industry in a positive way for years to come. It is expected that quantum cybersecurity will soon be one of the critical pillars of a robust cybersecurity strategy for most large enterprises. We look forward to an exciting new growth stage and to continuing to develop world-leading solutions to secure our increasingly digital lives.” “Safeguarding data-our most valuable resource-has never been more critical. “We are delighted to have secured this investment from Chevron Technology Ventures and to be recognized for our breakthrough commercialization of quantum-enhanced cybersecurity solutions,” said QuintessenceLabs’ Founder and CEO, Dr Vikram Sharma. Prudent risk management suggests that organizations need to start assessing their cybersecurity posture from a quantum-safe perspective. Quantum computing capabilities are designed to transcend the power of current supercomputers, which can make today’s information vulnerable to quantum computing attacks and data breaches. We welcome QLabs to this portfolio.”Ī looming threat to data and information is the advent of quantum computers. “We are excited for this latest investment from our Core Energy Fund, which focuses on technologies that have the potential to improve our current businesses. QLabs has the potential to contribute to the development of cybersecurity solutions that can keep corporate data safe from sophisticated attacks,” said Jim Gable, Vice President, Innovation and President of Technology Ventures at Chevron. “As companies plan for encryption in a quantum future, the need for quantum computing risk management has never been greater. The company has been widely recognized for its cybersecurity innovations around the world, most recently through its selection as a World Economic Forum Global Innovator as well as winning a prestigious 2020 CyberTech100 Award. Since closing its last investment round in September 2021, the company has focused on expanding its executive leadership team to further its growth strategy and market leadership and accelerate global commercialization ramp-up.Īustralian-based QuintessenceLabs is a global leader in quantum cybersecurity recognized for its advanced quantum-safe data protection capabilities. This latest financing closely follows a A$25 million funding round led by Main Sequence Ventures and Telus Ventures. The Canberra-based company will use the funds in its mission to deliver advanced quantum-enhanced cybersecurity solutions to large enterprise customers worldwide.
This investment further underwrites QuintessenceLabs’ commitment to providing quantum-safe solutions and services to support security communities worldwide. CANBERRA, Australia-( BUSINESS WIRE)-QuintessenceLabs, a pioneer and leader in quantum cybersecurity solutions, announced today that it has recently raised additional capital in a round led by Chevron Technology Ventures.
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