$17M Seed Funds QIZ Security’s Post-Quantum Cybersecurity Platform

QIZ Security has secured $17 million in seed funding led by Bessemer Venture Partners and Merlin Ventures, indicating growing investor confidence in the rapidly developing field of post-quantum cryptography. The investment will fuel the company’s expansion as organizations face an increasingly urgent need to prepare for a future where current encryption standards are vulnerable to attack by quantum computers. Experts at Google, IBM, Palo Alto Networks and Gartner predict these threats could materialize as early as 2029, a date quickly shifting the conversation from theoretical risk to imminent challenge. “Post-quantum readiness is quickly becoming a board-level cybersecurity and business priority,” said Ben Volkow, Co-Founder and CEO of QIZ Security, as the company aims to provide enterprises with the tools to understand and modernize their cryptographic defenses before that critical juncture arrives.

QIZ Security Secures $17M Seed for Post-Quantum Cryptography

QIZ Security aims to provide organizations with the tools to prepare for this transition and continuously manage their cryptographic assets. The company’s platform focuses on discovering where vulnerable cryptography resides within complex enterprise environments, assessing associated risks, and enforcing necessary remediation. This is crucial because sensitive data encrypted today could be decrypted as early as 2029 if proactive steps aren’t taken, and the process of migrating complex cryptographic systems can take years to complete. Founded by industry veterans Ben Volkow, Lenny Ridel, and Dr. Itan Barmes, QIZ is designed as an end-to-end operating layer for cryptographic management. Dr. Barmes, formerly of Deloitte where he led the Global Quantum Cyber Readiness Team, brings specialized expertise to the company’s approach. Early traction across sectors like financial services, telecommunications, healthcare, and critical infrastructure indicates strong market demand.

Strategic partnerships with major players including Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM further solidify QIZ’s position in the emerging post-quantum cryptography category. Amit Karp, Partner at Bessemer Venture Partners, said, “QIZ is attacking one of the most important and under-addressed cybersecurity problems of the coming decade.”