PQShield Raises $20 Million Series A Funding

The funding round was led by Addition, with participation from existing investors Oxford Science Enterprises (formerly OSI) and Crane. PQShield is headquartered in Oxford, UK and specializes in providing solutions for Post Quantum Cryptography (PQC). Their products include a post-quantum System-on-a-Chip (SOC) crypto co-processor design, a cryptographic SDK for mobile and server technologies, and a toolkit for messaging platforms and apps to ensure the privacy and long-lasting confidentiality of sensitive data. The company has been participating in the NIST Post-Quantum Cryptography Standardization process and they are the authors of several of the NIST PQC finalist algorithms. The company currently has employees in the UK, United States, France and the Netherlands and will be using the funds to double the size of their staff by the end of the year. Their announcement of the funding with additional information is available in a news release that can be seen here.

January 26, 2022