Next-generation communications security startup Q*Bird has raised a €2.5 million round to accelerate its growth in the emerging quantum security market. The funding was jointly led by QDNL Participations and Cottonwood Technology Fund, with participation from InnovationQuarter.
Q*Bird has developed a unique quantum cryptography (QKD) product called Falqon, which is based on the fundamental laws of nature and provides provable security against any attack, including those from future quantum computers.
Founded in January 2022, Q*Bird’s goal is to protect data communications and digital infrastructure, using patented technology that outperforms the competition on security and cost. What’s more, the startup’s technology provides secure foundations for the future ‘quantum internet’, which will see quantum computers connecting over long distances around the world.
“My vision for Q*Bird is to become the largest supplier of quantum networking equipment in Europe, US, and beyond,” said co-founder and CEO Ingrid Romijn. “Today, we build devices for quantum-secured data communications. In the future, we will enable general purpose quantum connectivity, by providing new products and seamlessly integrating those with our already existing quantum cryptography network.”
Q*Bird is currently involved in a large-scale trial of its technology at the Port of Rotterdam, a key part of the European trade economy. It has already secured a launch customer for Falqon, and their product line is due to officially launch later in the year. In addition, it has already signed three other contracts to deploy quantum networks across Europe and partnered with Eurofiber to enhance the security of its networks and its customers.
Compared to other quantum security companies, Q*Bird offers superior upgradability and scalability, with a lower cost per additional user once the technology is in place. The fresh funding will be used to scale up sales of Falqon, and develop further products in the quantum security space.
“We are thrilled to back this pioneering quantum cybersecurity company that is at the forefront of developing cutting-edge solutions to safeguard data and systems against emerging threats. The untappable solution of Q*Bird will dramatically change the cybersecurity world,” commented Alain le Loux, General Partner at Cottonwood Technology Fund.
Ton van ‘t Noordende, General Partner at lead investor QDNL Participations, added: “We commend Q*Bird for their groundbreaking quantum secure networking technology. There is growing recognition in today’s world that digital information transfer is not definitely secure, particularly in a post-quantum era. Q*Bird’s technology sets itself apart from existing post-quantum cryptography technologies by providing inherent security that is effectively untappable. We’re thrilled to back them in their mission to become a leading global quantum security company.”
Erik van der Zant, Head of Investments at InnovationQuarter, said: “Q*Bird not only builds up critical IP in quantum communication in the region of South Holland, but the company will also further help strengthen the cyber resilience of some of the most critical infrastructure in the Netherlands and Europe such as the Port of Rotterdam.”
Read the orginal article: https://www.eu-startups.com/2024/05/delft-based-qbird-raises-e2-5-million-to-accelerate-growth-of-its-quantum-security-tech/
