UK cybersecurity startup PQShield raises $37M for post-quantum cryptography

Leading post-quantum cryptography (PQC) startup PQShield today announced a Series B raise of $37mn. This comes as organisations and businesses hasten to get “quantum-ready,” ahead of the first PQC standards being released in a few weeks time.  While today’s NISQ era quantum computers are not a danger to traditional means of encryption, future machines have been identified by among others the NSA as a threat to cybersecurity.  Once they become powerful enough, quantum computers could break most cryptographic schemes. Hence the need for post-quantum cryptography.  PQC aims to develop new cryptographic systems that will remain secure even from cyber attacks…

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