How much did PQShield raise?

PQShield raised $37 Million in a Series B round on June 20, 2024.

Where is PQShield based and how big is it?

PQShield is based in Oxford, England, United Kingdom. Fundz records about 101 employees.

Who are the decision-makers at PQShield?

Fundz holds 2 contacts at PQShield. Names and contact details are shown to Fundz members.

PQShield raises $37M in a Series B round for post-quantum cryptography

PRIVATEJun 20, 2024

Amount Raised

$37 Million

Round Type

Series B

OxfordSoftwareData And Analytics

Description

PQShield, a leading post-quantum cryptography (PQC) startup, announced a Series B raise of $37M. The funding comes as organizations and businesses hasten to adopt "quantum-ready" solutions ahead of the first PQC standards being released. PQShield aims to develop new cryptographic systems that will remain secure even from cyber attacks performed by a quantum computer.

Quick answer

PQShield raised $37 Million in a Series B round, dated June 20, 2024. PQShield is based in Oxford, England, United Kingdom.

How much did PQShield raise?: PQShield raised $37 Million in a Series B round on June 20, 2024.
What does PQShield do?: PQShield's team is shaping the way our digital world is protected against the threats of tomorrow.
Where is PQShield based and how big is it?: PQShield is based in Oxford, England, United Kingdom. Fundz records about 101 employees.
Who are the decision-makers at PQShield?: Fundz holds 2 contacts at PQShield. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Data And Analytics and Software around the same time

Companies in the same sectors as PQShield that raised within 45 days of this round, from Fundz verified event records.

Health Catalyst raised $2.5M on August 1, 2024.
Credo AI raised $21M (Series A) on July 30, 2024.
Optimove raised $38M on July 29, 2024.
Amperon raised $1M on July 29, 2024.
Tactic raised $2.7M on July 26, 2024.
Addionics raised $39M (Series B) on July 25, 2024.

Who to call at PQShield, and when

A new round usually means PQShield is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

PQShield

Location

Oxford, England, United Kingdom

About

PQShield's team is shaping the way our digital world is protected against the threats of tomorrow. In a time when quantum computers will soon be able to break current cryptography methods, we're focused on empowering organizations, industries, and nations, with the ultimate quantum-resistant cryptography solutions. PQShield was selected as a World Economic Forum Tech Pioneer in 2021, a FAST COMPANY winner 2022, WIRED Trailblazer 2023 and Bloomberg’s Startups to Watch 2023. Our expertise, clarity and care enable us to deliver new global standards alongside real-world, post-quantum hardware and software upgrades - modernizing the vital security systems and components of the world's technology supply chain.

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2 contacts

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What this usually means

Timeline to next round

Series B companies typically work for 15-20 months before raising new capital

Growth expectations

Series B companies are expected to scale rapidly and expand market reach

PQShield raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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