ID Quantique is described in the press release as the world leader in quantum-safe crypto solutions designed to protect mission-critical data. The company provides quantum-safe network encryption, secure quantum key generation and Quantum Key Distribution solutions and services to the financial industry, enterprises and government organisations globally. IDQ’s quantum random number generator has been validated according to global standards and independent agencies and is referenced in highly regulated and mission-critical industries such as security, encryption, critical infrastructure and IoT. IDQ’s products are used by government, enterprise and academic customers in more than 60 countries and on every continent. Company executives said Deutsche Telekom is an ideal partner both as an investor to strengthen IDQ’s European base and as a go-to-market partner to provide quantum-based products and services to Telekom’s clients. ID Quantique develops quantum-safe cryptography and quantum sensing solutions focused on securing communications and advancing quantum photonics technologies. The company targets telecom and IoT markets with products such as quantum random number generation and quantum communications systems. It plans to expand global markets and partnerships and accelerate development of leading-edge solutions through strategic collaborations. Market research cited in the article forecasts global quantum cryptography communications to reach US$24.75 billion by 2025, with 5G and IoT as major accelerators for demand. SK Telecom’s US$65 million strategic investment will fund continued development of IDQ’s quantum-safe and sensing offerings and support scaling into new geographic and vertical markets. IDQ has an established relationship with SK Telecom, which invested US$2 million in 2016 and co-developed a 5x5mm Quantum Random Number Generator with technology licensed from IDQ in 2017. ID Quantique SA is a Swiss security company that develops quantum cryptography and quantum random number generation (QRNG) technologies. The company positions itself as a world leader in quantum cryptography and QRNG. Its products include QRNGs for high-quality encryption keys and Quantum Key Distribution (QKD) solutions for quantum-safe network encryption. IDQ plans to expand into overseas markets in Asia and to commercialize next-generation miniaturized QRNGs through a partnership with SK Telecom. The company will align roadmaps with SK Telecom and cooperate on developing quantum-safe security products for telecom and IoT markets. Management says the investment validates readiness for large-scale commercial deployments and will help meet increasing security demands. ID Quantique operates in the roughly $20 billion encrypted-communication market and focuses on providing long-term security through commercial quantum key distribution (QKD). The company encodes cryptographic keys onto photons to enable secure key exchange and has positioned QKD as a solution against advances in computing that threaten conventional encryption. ID Quantique supplies products used to protect sensitive national-security and financial information and recently supported Battelle’s installation of the first commercial QKD-protected network in the United States. The company says it will use new capital to expand commercial activities and penetrate new markets. QWave Capital’s investment underscores ID Quantique’s role as one of the handful of companies commercializing quantum-mechanics-based technologies.

Total raised

$75M

Funding rounds

4

Latest round

Equity

Latest activity

Feb 2018