Oxford-based Quantum computing company secures £5.5 million in seed funding

Photo shows: Dr Ali El Kaafarani, PQShield
PQ Shield Dr Ali El Kaafarani,

The Oxford Science Park based tech company PQShield has raised £5.5 million in seed funding from Kindred Capital, Crane Venture Partners, Oxford Sciences Innovation and angel investors including Andre Crawford-Brunt, Deutsche Bank’s former global head of equities.

The idea for PQShield came from the huge disconnect founder and CEO Dr Ali El Kaafarani noticed between the scale of the quantum threat and the level of information security seen at most businesses today.

Tech giants and startups are racing to develop full-scale quantum computers (Instead of bits, which conventional computers use, a quantum computer uses quantum bits—known as qubits. A computer using qubits can store an enormous amount of information and uses less energy doing so than a classical computer).

These super-powerful machines pose an unprecedented threat, since they will be able to smash through traditional public-key encryption and undermine the security of all sensitive information, past and present.

PQShield‘s team of researchers, mathematicians and engineers is bringing new cryptography out of the research lab and into businesses, so their information can remain safe for the long term. Bosch, a leading global supplier of technology and services, is already making use of PQShield’s technology.