evolutionQ Secures $5.5 Million in Series A

by Kay Aloha Villamor in June 14th, 2022

evolutionQ, a Kitchener-Waterloo-based company pioneering the development of quantum-safe cybersecurity products, has announced that it closed on US$5.5 million in Series A funding. from a group of international venture capital (VC) partners.

Quantonation, a Paris-based VC fund dedicated to quantum technologies, led the investment, with participation from the USA and Canada, including The Group Ventures, a Toronto-based fund focused on early-stage tech start-ups.

 evolutionQ plans to advance product development, expand service offerings, and grow sales across Europe and North America, building upon the success of its flagship product

Company: evolutionQ Inc.

Raised: $5.5M

Round: Series A

Funding Month: June 2022

Lead Investors: Quantonation

Additional Investors: Group Ventures

Company Website: https://evolutionq.com/

Software Category: Quantum-Safe Cybersecurity

About the Company: evolutionQ is a leading quantum-safe cybersecurity company led by world-renowned quantum computing experts Dr. Michele Mosca and Dr. Norbert Lütkenhaus. With offices in Kitchener-Waterloo, Canada, and Aachen, Germany, evolutionQ delivers robust cybersecurity products designed to protect against quantum computers and offers quantum risk-management strategy and advisory services.

Source: https://evolutionq.com/news-releases/20220613-evolutionQ-seriesA-funding-announcement.html

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