Quantum computing capabilities and power transcend current computing, making today’s information vulnerable to quantum computing attacks and data breaches. The emergence of quantum computing is the next most significant threat to data and information. “We’re pleased to align with the leader in this space to gain a broader lens into cybersecurity innovations and how they may impact our industry.” Quantum computing “TELUS is at the forefront of network security practices with an eye on the future of quantum-safe technologies,” said Mario Mele, Vice President Corporate Strategy, TELUS Ventures. He continued: “Safeguarding data-our most valuable resource-has never been more critical and we look forward to this exciting new growth stage while continuing to develop world-leading solutions to secure our increasingly digital lives.” Sharma said, “We are delighted to have secured investments from Main Sequence and TELUS Ventures and be recognised for our breakthrough commercialisation of quantum-enhanced cybersecurity solutions.” TELUS Ventures is the strategic investment arm of TELUS Corporation and one of Canada’s most active and longest-standing corporate venture capital (CVC) funds.ĭr. Main Sequence is an Australian deep tech investment fund founded by Australia’s national science agency, CSIRO. The newly enquired funding emphasises QuintessenceLabs’ commitment to providing quantum-safe crypto solutions and services to support security communities worldwide. Since being founded, QuintessenceLabs quantum cybersecurity technology has won awards across the globe, including two World Economic Forum awards for Technology Pioneer in 2018 and Global Innovator in 2020. We need encryption that is strong enough to protect the systems we depend upon.” Vikram Sharma said, “As computing technology becomes more powerful, the encryption we use to protect our data becomes more vulnerable. Featuring centralised enterprise key and policy management, a high-speed true random number generator, an integrated hardware security module, and highly secure encryption for data in uncontrolled environments The company offers a strong security foundation for data. They help organisations protect their data, wherever it is: on-premises, in the cloud, or in hybrid IT ecosystems. QuintessenceLabsįounded in 2008 out of Canberra, QuintessenceLabs provides data protection products to a world where keeping data safe is more important than ever. QuintessenceLabs will use this funding to double its team and expand globally. The funding was raised with Mizuho Financial Group-backed InterValley Ventures and Terry Snow’s Capital Property Groups participation. The company creates quantum-safe cybersecurity solutions that Fortune 500 companies and government organisations use to secure their data against hacking or ransomware attacks. QuintessenceLabs, a world leader and one of Australia’s first commercial quantum cybersecurity companies, has today announced that it has raised $25 million in capital funding from Main Sequence and Canada’s TELUS Ventures.
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