evolutionQ Receives $5.5 Million in Series A Funding

evolutionQ, a Waterloo, Canada startup providing quantum-safe cybersecurity products and services has received a $5.5 Million (USD) funding round from Quantonation and The Group Ventures. Their key product is called BasejumpQDN, which is software that helps to integrate quantum-safe technologies such as QKD with an enterprises network to protect from threats. The company also provides services for enterprises concerned about the quantum cryptographic threat including risk assessments, network verifications, product verifications, and strategy workshops. They will be using the funds for continued product development, expand their service offerings, and grow their sales and support in North America and Europe. You can access evolutionQ’s news release announcing this new funding in a post on their website here.

June 13, 2022