Post-quantum cryptography management platform QIZ Security completes $17 million seed funding round
According to Foresight News, QIZ Security, an encryption posture and post-quantum cryptography (PQC) management platform, announced the completion of a $17 million seed funding round. Bessemer Venture Partners and Merlin Ventures led the round, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital. The funds from this round will be used to accelerate product development and market expansion.
QIZ Security was founded by Ben Volkow, Lenny Ridel, and Itan Barmes. The team has years of experience in cybersecurity, enterprise services, and post-quantum transformation. Barmes previously led Deloitte's Global Quantum Cybersecurity Readiness Team. The company stated that its platform helps enterprises identify and assess crypto asset risks and implement remediation measures. It is currently being used in industries such as finance, telecommunications, healthcare, and critical infrastructure, and has established partnerships with Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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