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Quintessence Labs Secures Funding from In-Q-Tel

By IQT News posted 20 Feb 2020

(FinanceYahoo) QuintessenceLabs has announced that it secured an investment from In-Q-Tel, Inc. (IQT), the non-profit strategic investor that accelerates the development and delivery of cutting-edge technologies to the national security communities of the U.S. and its allies. This investment underscores the importance of quantum safe capabilities to support security communities in the US, UK and Australia.
IQT’s investment coincides with the release of QuintessenceLabs’ qStream™ Plus Quantum Entropy Appliance, integrating the power of high-speed quantum random number generation with entropy management software to ensure enterprise-level performance and security for applications requiring high-quality random numbers, also known as entropy.
QuintessenceLabs founder and CEO, Dr Vikram Sharma said, “We are delighted to have In-Q-Tel’s backing, a valuable endorsement of QuintessenceLabs’ quantum cybersecurity capabilities and their importance to the national security community. QuintessenceLabs’ solutions offer a robust and powerful cybersecurity foundation for federal and defense agencies, and large enterprises – keeping them safe from today’s cyber risks while preparing for the security challenge of quantum computers.”

Quintessence Labs will be exhibiting and speaking at the IQT-NYC event April 2-3. 
Quintessence Labs Andreas Baumhof, Vice President Quantum Technologies speak on Panel 1: “Second generation QKDs and QRNGs: New products and market forecasts” at 9:15 AM April 2.

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