Paris-based quantum network solutions company VeriQloud has raised €1.9 million in a funding round led by Quantonation and joined by WinEquity. VeriQloud has developed Qline, a quantum communication architecture that can distribute keys between parties connected on a single optical fibre. The technology has been deployed by Deutsche Telekom on the OpenQKD testbed network in Berlin. The investment will help VeriQloud accelerate the development of its hardware and software solutions, aiming to unlock new opportunities for businesses and researchers in quantum communications.
VeriQloud Secures €1.9 Million Investment for Quantum Network Solutions
VeriQloud, a technology company specializing in quantum network solutions, has successfully raised €1.9 million in a funding round led by Quantonation, a leading investment fund in quantum technologies, and joined by WinEquity, a fund focused on innovation and diversity in early-stage investment. The investment will enable VeriQloud to accelerate the development of its hardware and software solutions, offering seamless integration of quantum communication for end-users.
Qline: Quantum Communication Architecture
“We are delighted to partner with Quantonation and WinEquity in our mission,”
Marc Kaplan, Founder and CEO of VeriQloud.
VeriQloud has developed the Qline, a quantum communication architecture that can distribute keys between several parties connected on a single optical fibre. With lower hardware requirements and the absence of trusted repeaters, Qline is well-suited to interconnect with large-scale Quantum Key Distribution (QKD) networks and realize the last mile of key distribution. It can also be deployed at the metropolitan-area scale to secure communication and storage in cloud infrastructures, offering unparalleled security for finance, telecommunications, and healthcare industries.
In 2022, Deutsche Telekom deployed Qline on the OpenQKD testbed network in Berlin. VeriQloud is also participating in major projects on quantum networks, such as France QCI (led by Orange), the Quantum Internet Alliance (led by TU Delft), or SecNISQ (led by INRIA). VeriQloud is developing future applications for Qline and quantum networks for secure delegated classical and quantum computing within these projects.
Quantum Communications for Confidential Computing
VeriQloud’s applications are based on implementing cryptographic primitives that take advantage of quantum communications, with direct applications to confidential computing, secure distributed computing, and blind quantum computing. By addressing the challenges faced in the last mile, VeriQloud aims to unlock new opportunities for businesses and researchers alike, ultimately shaping the future of quantum communications.
Quantonation and WinEquity Support VeriQloud’s Vision
Quantonation recognized the unique technological approach of VeriQloud’s solutions, which have the potential to help adopt quantum networks at scale in urban areas. WinEquity, with its extensive expertise in funding innovative startups, shared the enthusiasm for VeriQloud’s vision. Their investments will provide the necessary capital and access to invaluable industry insights and strategic guidance.
VeriQloud’s Commitment to Advancing Quantum Network Technologies
“This investment not only validates the importance of our work but also empowers us to accelerate the development of our hardware and software applications. With the support of these visionary investment funds, VeriQloud is ready to make significant contributions towards the widespread adoption of quantum networks.”
VeriQloud’s dedication to advancing quantum network technologies has garnered recognition within the industry and attracted the attention of both investors and potential partners. The company’s innovative solutions and dedicated team have positioned it as a critical player in the emerging quantum ecosystem.
“We believe that with its original technology, Veriqloud has the potential to be a key player in quantum networks, especially for the last mile, or for secure data storage with quantum technologies.”
Olivier Tonneau, partner at Quantonation
Executive Summary
VeriQloud, a quantum network solutions company, has raised €1.9 million in a funding round led by Quantonation and WinEquity to further develop its Qline quantum communication architecture. Qline has been deployed by Deutsche Telekom and can secure communication and storage in industries such as finance, telecommunications, and healthcare.
- VeriQloud, a quantum network solutions company, has secured €1.9 million in funding from Quantonation and WinEquity.
- The company has developed Qline, a quantum communication architecture that can distribute keys between multiple parties on a single optical fibre.
- Qline is well-suited for large-scale Quantum Key Distribution (QKD) networks and can secure communication and storage in industries such as finance, telecommunications, and healthcare.
- Deutsche Telekom deployed Qline in 2022 on the OpenQKD testbed network in Berlin.
- VeriQloud is also involved in major quantum network projects, including France QCI (led by Orange), the Quantum Internet Alliance (led by TU Delft), and SecNISQ (led by INRIA).
- The recent investment will help VeriQloud accelerate the development of its hardware and software solutions for seamless quantum communication integration.
- VeriQloud was founded by Marc Kaplan, Elham Kashefi, and Josh Nunn, and is based in Paris.
- Quantonation Ventures is a leading VC dedicated to quantum technologies, while WinEquity focuses on investing in female-founded startups in France.
Read More. For more information about VeriQloud and its groundbreaking work in quantum networks, visit www.veriqloud.com.