Lastwall Raises $16M Series A Extension

Lastwall, a Fredericton, New Brunswick-based enterprise developer of identity-first authentication and quantum-resilient software architectures, has secured $16 million in a Series A extension round.

Investors

The round was led by the Business Development Bank of Canada (BDC) via its StrongNorth Fund, with participation from the New Brunswick Innovation Foundation (NBIF), Frostbite Capital, Blue Bear Capital, BlueWing Ventures, and 18West.

Lastwall Use of Funds

The company plans to use the capital to expand the deployment of its flagship security architecture across North American municipal utilities, defense infrastructure, and public sector cloud portals, as well as to fuel a procurement initiative to grow its sovereign security stack throughout Canadian defense sectors.

About Lastwall

Lastwall is a Canadian cybersecurity company specializing in identity-first authentication, zero-trust access control, and quantum-resilient security architectures for defense and critical infrastructure environments. The company develops secure identity and access management solutions designed for highly contested and low-connectivity operational settings, including military, government, and public sector networks. Headquartered in Fredericton, New Brunswick, Lastwall’s platform integrates adaptive behavioral authentication, continuous identity verification, and post-quantum cryptography (PQC).

Funding Details

Company Website: https://lastwall.com

Company: Lastwall
Raised: $16M
Round: Series A Extension
Funding Date: May 27, 2026
Lead Investor: Business Development Bank of Canada (BDC)
Additional Investors: New Brunswick Innovation Foundation (NBIF), Frostbite Capital, Blue Bear Capital, BlueWing Ventures, 18West
Software Category: Cybersecurity
Source: https://quantumcomputingreport.com/lastwall-secures-16-million-investment-to-expand-quantum-resilient-cyber-defense-operations-across-canada/