Three Australian Cybersecurity Companies Join Forces to Bring Quantum Technology & Advanced Encryption to Secure Cloud

(ZDNet) Three Australian cybersecurity companies have joined forces once again to bring quantum technology and advanced encryption to a secure cloud.
Thanks to funding from the Australian Cyber Security Growth Network (AustCyber), Vault Cloud, QuintessenceLabs (QLabs), and Ziroh Labs have integrated their respective solutions to bring an offering to life later this year.
The result is touted by the companies as an “integration of homomorphic encryption and Australian quantum expertise into a secure hyperscale cloud for Australian government and critical industries”.
QLabs will bring its Quantum Random Number Generator (QRNG) technology to the new partnership. The QRNG generates true random numbers using a phenomenon called quantum tunnelling.
Meanwhile, QLabs picked up AU$3.26 million in funding from the Australian Department of Defence previously to continue the expansion of its quantum key distribution capabilities and develop an Australia-specific solution. This was followed by an additional AU$528,000 to progress encryption work for the department. Australian banking heavyweight Westpac has also funded QLabs’ work, boasting a 16% stake in the company as a result.