Aliro Quantum has secured Accenture Ventures and Leaders Fund funding to advance its quantum networking technology. The investment will boost Aliro’s ability to help various sectors design and deploy secure networks based on quantum entanglement. Since its founding in 2019, Aliro has filed ten patents and launched AliroNet™, a secure network solution. The company plans to use the new funding to increase research and development, expand its market presence, and enhance its professional services. Aliro Quantum’s CEO, Jim Ricotta, and CTO, Dr. Narang, expressed excitement about the potential of entanglement-based quantum networks.
“The speed and security of quantum networking means that its impact on everything from telecommunications to cybersecurity to research will be more transformative and impactful than anything we can dream of today,”
Tom Lounibos, managing director, Accenture Ventures.
Aliro Quantum Secures New Funding for Quantum Networking Development
Aliro Quantum, a quantum networking company, has recently secured new funding from venture capital firms including Accenture Ventures and Leaders Fund. This funding will enhance Aliro Quantum’s capacity to assist various sectors such as utility companies, telecommunications providers, public sector organisations, enterprises, and researchers in designing and deploying multipurpose entanglement-based secure networks. The investment will also enable Aliro Quantum to increase funding in research and development, expand its market reach, and enhance its professional services offerings.
Since its inception and initial funding round in 2019, Aliro Quantum has made significant strides in the field of quantum networking. The company has filed ten patents that include 124 claims and has expanded its team across leadership, engineering, sales, and marketing. It has also tripled its customer engagements, doubled its partnerships, and increased its sales pipeline tenfold.
Aliro Quantum has also launched AliroNet™, a comprehensive non-QKD multipurpose entanglement-based secure network solution. The company provides the quantum network configuration, control, and orchestration for the EPB Quantum Network powered by Qubitekk, America’s first industry-led, commercially available quantum network.
Quantum Networking: A Transformative Impact on Various Sectors
Quantum networking’s speed and security could have a transformative and impactful effect on various sectors, including telecommunications, cybersecurity, and research. Tom Lounibos, managing director at Accenture Ventures, believes that the impact of quantum networking will be more transformative than anything we can envision today.
Jim Ricotta, CEO of Aliro Quantum, shares this sentiment, stating that the recent investments by Accenture and Leaders Fund validate the potential of entanglement-based multi-purpose quantum networks. The company plans to utilise these new partnerships to expand its customer base, refine its products, and develop more use cases for entanglement-based quantum networking.
Quantum Networking: Shaping the Future of Secure Communications
Dr. Narang, Founder and CTO with Aliro Quantum, expressed gratitude for the confidence and trust placed in their team by industry leaders such as Accenture and Leaders Fund. He believes that the additional funding underscores the importance of quantum networking in shaping the future of secure communications. The company plans to use this capital infusion to accelerate business growth, foster strategic partnerships, and drive innovation in quantum information science.
Aliro Quantum: Recognised for Excellence in Quantum Networking
Aliro Quantum has received several prestigious industry awards, including the 2022 Technology Pioneer by the World Economic Forum, gold in the 2023 Govies Government Security Awards for Network Security, and three gold-level awards at the 18th Annual 2023 Globee Awards for Information Technology. The company was also recognised with the Hot Company Award from Cyber Defense Magazine’s 2023 Global InfoSec Awards.
Dr. Prineha Narang, Co-Founder and CTO of Aliro, was named Science Envoy for Quantum Information Science and Technology by the U.S. Secretary of State, one of seven distinguished scientists to serve for 2023. These recognitions highlight the company’s commitment to advancing quantum networking technology.
Aliro Quantum, a company specialising in quantum networking, offers AliroNet™ to emulate, pilot, and deploy entanglement-based quantum networks capable of running a wide variety of applications from secure communications to clustered quantum computing and distributed quantum sensing. The company, which originated from NarangLab at Harvard University, includes experts in quantum and classical networking. AliroNet™ users include utility companies, telecommunications providers, public sector organizations, enterprises, and researchers simulating, designing, piloting, orchestrating, and building the world’s first entanglement-based quantum networks.
Jim Ricotta, CEO of Aliro Quantum said, “Investments by Accenture and Leaders Fund provide true validation that entanglement-based multi-purpose quantum networks are the way to go. We’re excited to put these new partnerships to work to grow our customer base, fine tune our products and develop even more use cases for entanglement-based quantum networking.”
Dr. Narang, Founder and CTO with Aliro Quantum, said, “I am deeply grateful for the confidence and trust placed in our team by industry leaders such as Accenture and Leaders Fund. This additional funding reinforces the significance that quantum networking has in shaping the future of secure communications and validates our approach to designing and building scalable and commercial entanglement-based quantum networks. We are excited to use this capital infusion to propel our business growth, nurture strategic partnerships, and drive innovation in quantum information science.”
Summary
Aliro Quantum has secured funding to enhance its capacity to develop and implement multipurpose entanglement-based secure networks, which could revolutionize sectors from telecommunications to cybersecurity. The company, which has already filed ten patents and launched a comprehensive, secure network solution, aims to build the world’s first scalable quantum networks.
- Quantum networking company Aliro Quantum has secured new funding from venture capital firms Accenture Ventures and Leaders Fund.
- The funding will be used to enhance Aliro Quantum’s ability to assist various sectors, including utility companies, telecommunications providers, and public sector organisations, in designing and deploying multipurpose entanglement-based secure networks.
- Since its inception in 2019, Aliro Quantum has filed ten patents, expanded its teams, tripled its customer engagements, and increased its sales pipeline significantly.
- The company has also launched AliroNet™, a comprehensive non-QKD multipurpose entanglement-based secure network solution, and is providing the quantum network configuration for the EPB Quantum Network powered by Qubitekk.
- Tom Lounibos, managing director of Accenture Ventures, and Jim Ricotta, CEO of Aliro Quantum, both emphasized the transformative potential of quantum networking in areas such as telecommunications, cybersecurity, and research.
- Dr. Prineha Narang, Founder and CTO of Aliro Quantum, expressed gratitude for the additional funding and highlighted the role of quantum networking in shaping the future of secure communications.
- Aliro Quantum has received several industry awards, including the 2022 Technology Pioneer by the World Economic Forum and gold in the 2023 Govies Government Security Awards for Network Security.
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