(BusinessWire) Australian quantum cybersecurity leader QuintessenceLabs has been selected by the Extreme Tech Challenge (XTC) 2021, as one of the global top 4 companies in the Enabling Technologies category, narrowed down from a field of over 3,700 applicants. XTC is the world’s largest startup competition focused on purpose-driven innovation, where competitors participate in a virtual XTC.
QuintessenceLabs was founded in 2008 in Canberra by Dr Vikram Sharma, following ground-breaking research on quantum technology at the Australian National University. The company strengthens data security by integrating advanced quantum technology with best-in-class data protection solutions. These powerful solutions address some of today’s most pressing cybersecurity challenges while preparing organizations for tomorrow’s quantum computing threat to data security. QuintessenceLabs offers the world’s fastest commercial quantum random number generator, crypto-agile encryption key and security policy manager, and “virtual zeroization” solutions to secure sensitive data collected in uncontrolled environments. The company is also a leader in the development of quantum key distribution technology.
XTC provides innovative leaders with a platform to engage with entrepreneurs and tech executives to share and contribute innovative solutions designed to overcome current global crises and build future resiliency.