QuSecure, a pioneer in post-quantum cryptography (PQC), has secured additional Series A funding led by Two Bear Capital with participation from Accenture. This investment brings the total Series A round to $28M, positioning QuSecure as a key player in delivering quantum-resilient cybersecurity solutions amidst the burgeoning global quantum computing market expected to exceed $125 billion by 2030.
The rise of quantum computing poses a significant threat to traditional encryption methods, rendering current standards obsolete when faced with quantum computers capable of breaking them in seconds. This development comes on the heels of a series of mandates and legislation in the U.S., including an executive order mandating progress on the government-wide migration to quantum-safe encryption, recognizing the urgency of the threat to our security infrastructure.
Rebecca Krauthamer, who co-founded QuSecure and served as its first VP of Engineering and Chief Product Officer, has been named the new CEO to lead the company through its expansion. With a background in Symbolic Systems at Stanford University, specializing in Artificial Intelligence, and recognition on the Forbes “30 Under 30” list for her work in quantum computing, Krauthamer is well-equipped to steer QuSecure through this critical period of growth and opportunity.
QuSecure’s patented, software-only security architecture overlays onto a customer’s pre-existing infrastructure, simplifying the migration to modern cryptographic standards. The company offers multi-layer, next-generation security to protect enterprise networks against both known and yet-to-be-discovered vulnerabilities in software and network infrastructure. Its flagship product, QuProtect, is the industry’s first cryptographic-agility platform that elegantly facilitates the upgrade to PQC and manages cryptographic visibility and orchestration.
Accenture, an investor in this round, emphasizes the need for a reliable quantum-resilient cybersecurity solution that can be easily integrated across all parts of a communications network. As organizations grapple with the quantum threat, solutions like QuSecure’s are crucial in future-proofing global networks today to protect high-risk data faster.
San Mateo-based QuSecure has announced the closing of an additional Series A funding round, bringing its total to $28M. The investment was led by Two Bear Capital with participation from Accenture Ventures. This funding will support product development, accelerate go-to-market initiatives, and expand QuSecure’s customer base across government, financial, and critical infrastructure sectors.
The rise of quantum computing represents a seismic shift in the cybersecurity landscape. In response to this threat, governments and organizations worldwide are turning to providers like QuSecure for reliable quantum-resilient solutions.
At the helm of QuSecure is its co-founder and CEO, Ms. Krauthamer. A trailblazer in the field of quantum computing, she was named to the Forbes “30 Under 30” list in 2020 for her work in quantum computing. Her vision aligns with QuSecure’s mission: to use the advent of quantum computing as a catalyst to fix the foundation of data security infrastructure.
QuSecure provides a patented, software-only security architecture that overlays onto a customer’s pre-existing infrastructure, simplifying the migration to modern cryptographic standards. Its flagship product, QuProtect, is the industry’s first cryptographic-agility platform that elegantly facilitates the upgrade to PQC and manages cryptographic visibility and orchestration.
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