evolutionQ, a Kitchener-Waterloo-based company pioneering the development of quantum-safe cybersecurity products, has announced that it closed on US$5.5 million in Series A funding. from a group of international venture capital (VC) partners.
Quantonation, a Paris-based VC fund dedicated to quantum technologies, led the investment, with participation from the USA and Canada, including The Group Ventures, a Toronto-based fund focused on early-stage tech start-ups.
evolutionQ plans to advance product development, expand service offerings, and grow sales across Europe and North America, building upon the success of its flagship product
Company: evolutionQ Inc.
Raised: $5.5M
Round: Series A
Funding Month: June 2022
Lead Investors: Quantonation
Additional Investors: Group Ventures
Company Website: https://evolutionq.com/
Software Category: Quantum-Safe Cybersecurity
About the Company: evolutionQ is a leading quantum-safe cybersecurity company led by world-renowned quantum computing experts Dr. Michele Mosca and Dr. Norbert Lütkenhaus. With offices in Kitchener-Waterloo, Canada, and Aachen, Germany, evolutionQ delivers robust cybersecurity products designed to protect against quantum computers and offers quantum risk-management strategy and advisory services.
Source: https://evolutionq.com/news-releases/20220613-evolutionQ-seriesA-funding-announcement.html