A Bristol-based business which makes technology products that protect data from sophisticated cyberattacks has raised £3.1m of funding.
KETS Quantum Security is developing protection against quantum security threats.
Progress in the field of quantum computing has been advancing exponentially over the past decade and the day is approaching when quantum computers will be able to crack all the existing encryption that protects people’s data.
KETS is bringing quantum-safe chip-based encryption development kits to market to begin guarding critical data from quantum computer attacks
The new funding will be used to accelerate development, production, and delivery of first products. It will also allow KETS to expand key first trials of the technology in real-world applications and environments that are already in development.
The funding round was co-led by Quantonation and Speedinvest, with participation from Mustard Seed MAZE.
“In today’s world, we don’t go 30 seconds without touching digital technology of some kind, all of which is networked, none of which is quantum-safe,” said Dr Chris Erven, chief executive and co-founder of KETS Quantum Security.
“At KETS, we’ve made it our mission to protect the world’s most valuable resource—information—from the threat of quantum computing. This investment will allow us to make quantum-safe communications solutions ubiquitous and easily integrated.
Olivier Tonneau from Quantonation added: “KETS is reaching a key point in its story, with products that will now be available to deploy, bringing clients the world’s first on-chip, quantum-secured solutions protecting against the future threat of quantum computers.”
Rick Hao from Speedinvest said: “Bristol is leading the world on building quantum technology hardware, and Speedinvest is excited to be backing great deep tech entrepreneurs here.”
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