Post-quantum cryptography security company QIZ Security completes $17 million seed funding round
According to PR Newswire, post-quantum cryptography (PQC) management platform QIZ Security announced the completion of a $17 million seed funding round, led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital.
The funding will be used to accelerate product development and market expansion. QIZ's core capabilities lie in providing enterprises with continuous crypto asset discovery, risk modeling, and remediation governance, helping organizations complete the migration to quantum-safe architecture before "Q-Day" (the point in time when quantum computers are expected to possess the capability to break existing encryption systems, anticipated around 2029) arrives.
Currently, QIZ has established strategic partnerships with Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM, among others, with services covering the finance, telecommunications, healthcare, and critical infrastructure sectors. The company was co-founded by cybersecurity industry veterans Ben Volkow, Lenny Ridel, and former head of Deloitte's Global Quantum Cybersecurity team, Dr. Itan Barmes.
