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257 PQShield: Startup developing quantum-proof cybersecurity raises £29m

UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 06/20/2024 06:11 EDT

PQShield: Startup developing quantum-proof cybersecurity raises £29m

PQShield, an Oxford-based cybersecurity company developing cryptographic tools to protect machines from quantum computer-powered cyberattacks, has raised $37m (£29m). Founded in 2018, PQShield is developing post-quantum cryptography (PQC) security solutions that can withstand the additional computational firepower of quantum computers. It comes as the quantum sector continues to grow, with major funding for private firms ...

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