QuSecure™, Inc., a leader in post-quantum cryptography (PQC) and cryptographic agility, has secured additional funding, bringing its Series A round to $28 million. Led by Two Bear Capital with participation from Accenture Ventures, the investment will accelerate product development, expand QuSecure’s go-to-market strategy, and support the company’s growing presence in government, financial, and critical infrastructure sectors. With the quantum computing market projected to exceed $125 billion by 2030, QuSecure is at the forefront of delivering quantum-resilient cybersecurity solutions.
The rapid advancement of quantum computing is reshaping the cybersecurity landscape. While quantum technology promises breakthroughs in medicine and materials science, it also threatens traditional encryption standards, potentially rendering them obsolete. Sensitive data, from financial transactions to government communications, could be compromised by quantum computers capable of breaking conventional cryptographic algorithms within seconds.
This funding milestone follows a recent executive order mandating progress toward quantum-safe encryption across U.S. government agencies. The White House has reinforced this urgency through policies such as the National Security Memorandum “Promoting United States Leadership in Quantum Computing While Mitigating Risks to Vulnerable Cryptographic Systems.” Additionally, the Endless Frontiers Act has allocated $100 billion in federal funding over five years to support emerging technologies, including quantum computing, with a specific focus on post-quantum cryptography.
“The requirement to upgrade enterprise technologies to post-quantum cryptographic standards is one of the most significant undertakings facing enterprises this decade,” said Mike Goguen, founder and managing partner of Two Bear Capital. “QuSecure’s unique ability to facilitate this migration, without disruption to existing technology solutions, positions them as a pivotal player in this endeavor. We’re proud to partner with and support QuSecure during this critical and transformative period of growth and opportunity. This funding round will position QuSecure to transition from an R&D and product development company to a powerhouse focused on large-scale customer acquisition and the broad adoption of the QuProtect platform.”
QuSecure has also announced the appointment of Rebecca Krauthamer as CEO to lead the company’s next phase of growth. Krauthamer, a co-founder of QuSecure, previously served as the company’s first VP of Engineering and Chief Product Officer. A Stanford University graduate specializing in Artificial Intelligence, she was recognized on Forbes’ “30 Under 30” list for her contributions to quantum computing. She has also been named among the “12 Women Shaping Quantum Computing” and serves on the World Economic Forum’s Global Future Council for quantum technologies.
“The quantum threat isn’t a distant possibility – it’s a reality that organizations need to address today,” said Ms. Krauthamer, co-founder and CEO of QuSecure. “In a progressively digital world, as AI and quantum threats to encryption emerge at an ever-faster pace, it is critical that we evolve from encryption management that requires several years to upgrade algorithms to orchestrated crypto agility for the ability to push a button and upgrade an entire system at once. The ability to orchestrate cryptography at enterprise scale is critical to a robust cybersecurity strategy. The support of Two Bear Capital and Accenture demonstrates a shared vision to provide organizations with a long-term solution to upgrade and manage their encryption standards.”
QuSecure’s patented, software-based security architecture seamlessly integrates with existing IT infrastructures, ensuring organizations can transition to quantum-resistant encryption without major system overhauls. The company’s flagship product, QuProtect, provides multi-layered security to defend against both current and emerging threats. As the industry’s first cryptographic agility platform, QuProtect enables enterprises to upgrade encryption protocols efficiently while maintaining full cryptographic visibility and orchestration. The solution is already deployed across various sectors, including the United States Army and Air Force, telecommunications, energy, financial services, and global cloud service providers.
“Organizations need a reliable quantum-resilient cybersecurity solution that not only adheres to the National Institute of Standards and Technology’s (NIST) post-quantum encryption standards, but can be easily integrated across all parts of a communications network,” said Tom Patterson, emerging technology security lead at Accenture. “We’re investing in trusted providers like QuSecure to help our clients future-proof their global networks today to protect high-risk data faster.”
Ad
Source link
#QuSecure #Secures #Additional #Series #Funding #Advance #PostQuantum #Cryptography #Solutions
