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Post-quantum cryptography security company QIZ Security completes $17 million seed round financing.
Deep Wave TechFlow news, July 9, according to PR Newswire, post-quantum cryptography (PQC) management platform QIZ Security announced the completion of a $17 million seed funding round, led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital.
The funds will be used to accelerate product development and market expansion. QIZ's core capability lies in providing enterprises with continuous cryptographic asset discovery, risk modeling, and remediation governance, helping organizations migrate to quantum-safe architectures before "Q-Day" (the time when quantum computers are expected to be capable of breaking existing encryption systems, around 2029).
QIZ has established strategic partnerships with Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM, serving the financial, telecommunications, healthcare, and critical infrastructure sectors. The company was co-founded by cybersecurity industry veterans Ben Volkow, Lenny Ridel, and Dr. Itan Barmes, former head of Deloitte's global quantum cybersecurity team.