Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

PQShield From UK Secures $37M Funding

June 20, 2024
Reading Time: 3 mins read
in News
PQShield From UK Secures $37M Funding

PQShield, a leading UK-based company specializing in post-quantum cryptography (PQC), has successfully secured $37 million in Series B funding. This latest round of investment, led by Addition and joined by Chevron Technology Ventures, Legal & General, Braavos Capital, and Oxford Science Enterprises, brings the total investment in PQShield to over $60 million. The primary objective behind this funding is to scale up PQShield’s operations and expand its reach in providing quantum-safe cryptography solutions.

Founded in 2018, PQShield focuses on developing secure solutions for hardware, software, and cloud applications that are resilient against future quantum computing threats. Their cryptographic technologies are crucial for sectors requiring high levels of security, such as secure boot and device updates, hardware security modules, connected vehicles, and military-grade communications systems. Key customers include prominent names like AMD, Microchip Technologies, and Collins Aerospace, underscoring PQShield’s credibility and market presence.

Ali El Kaafarani, the CEO and founder of PQShield, emphasized the strategic significance of the funding, highlighting the company’s commitment to advancing global security standards amidst evolving cyber threats. He expressed PQShield’s dedication to staying ahead of attackers by continually innovating in cryptographic technology and ensuring robust security solutions for organizations worldwide. The recent discovery by PQShield of timing leaks in the ML-KEM (Kyber) post-quantum secure key-encapsulation mechanism further underscores their proactive approach in identifying and mitigating potential vulnerabilities.

Moving forward, PQShield plans to leverage the Series B funding to accelerate the deployment of their quantum-safe solutions, addressing critical needs across various industries grappling with cybersecurity challenges. With an expanding portfolio and growing customer base, PQShield aims to solidify its position as a leading provider of post-quantum cryptography, setting new standards in digital security and resilience against emerging threats posed by quantum computing advancements.

Reference:
  • UK Based Post Quantum Cryptography Company PQShield Raises $37 Million
Tags: Braavos CapitalChevron Technology VenturescryptographyCyber NewsCyber News 2024Cyber threatsCybersecurityInvestmentJune 2024Legal & GeneralOxfordPQShieldUK
ADVERTISEMENT

Related Posts

Banking Groups Urge SEC To Repeal Cyber Rule

Banking Groups Urge SEC To Repeal Cyber Rule

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Microsoft Launched Regional Cyber Initiative

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Red Hat announced a new collaboration with AMD

May 27, 2025
NIST Launches New Metric to Track

OpenAI Finds Zero-Day Vulnerability

May 26, 2025
NIST Launches New Metric to Track

Russian hacker indicted for Qakbot attacks

May 26, 2025
NIST Launches New Metric to Track

NIST Launches New Metric to Track

May 26, 2025

Latest Alerts

FBI Warns Luna Moth Targets US Law Firms

Winos 4.0 Malware Spread Via Fake Installers

GhostSpy Android Malware Full Device Control

D-Link Routers Exposed by Weak Credentials

TA-ShadowCricke Unmasked via Backdoors

Killnet Resurfaces with New Identity

Subscribe to our newsletter

    Latest Incidents

    Everest Ransomware Leaks Coke Staff Data

    Adidas Data Breach Exposes Customer Contacts

    Semiconductor Firm AXT Hit by Data Breach

    Hackers Steal $700K from Philly School District Accounts

    Chinese hackers hit US utilities via flaw

    Naukri Fixes Bug That Exposed Recruiter Email Addresses

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial