Funding

Q*Bird funding news – Delft-based Q*Bird Secures €2.5 Million in Funding

May 28, 2024 | By Startup Rise EU

Next-generation communications security startup Q*Bird secures €2.5 million in funding to accelerate its growth in the emerging quantum security market. InnovationQuarter participated in the funding, which was co-led by QDNL Participations and Cottonwood Technology Fund.

Next-generation communications security startup Q*Bird secures €2.5 million in funding to accelerate its growth in the emerging quantum security market. InnovationQuarter participated in the funding, which was co-led by QDNL Participations and Cottonwood Technology Fund.

SUMMARY

  • Next-generation communications security startup Q*Bird secures €2.5 million in funding to accelerate its growth in the emerging quantum security market.
  • The goal of Q*Bird is to supply gear for the European quantum internet, both now and in the future.

Falqon, a novel quantum cryptography (QKD) solution from Q*Bird, offers provable security against all attacks, including those from future quantum computers, and is based on the fundamental rules of nature.

co-founder and CEO Ingrid Romijn said, “My vision for Q*Bird is to become the largest supplier of quantum networking equipment in Europe, US, and beyond, 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.”

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A significant portion of the European trade sector, the Port of Rotterdam, is home to a large-scale technology trial being conducted by Q*Bird. Falqon has already landed a launch customer, and later this year is when their product line is supposed to formally debut.

Read also - ZTLment funding news – Fintech Startup ZTLment Secures €2.4 Million in Total Pre-Seed Funding

Furthermore, it has already inked three more contracts to roll out quantum networks around Europe and has teamed up with Eurofiber to improve network and consumer security.

With a cheaper cost per new user after the technology is in place, Q*Bird offers improved scalability and upgradability in comparison to other quantum security companies. The additional funds will be utilised to expand Falqon's product development and sales as well as other projects related to quantum security.

Alain le Loux, General Partner at Cottonwood Technology Fund said, “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,”.

Ton van ‘t Noordende, General Partner at lead investor QDNL Participations, added: “We commend QBird 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. QBird’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.”

About Q*Bird

The goal of Q*Bird is to supply gear for the European quantum internet, both now and in the future. They construct gadgets for quantum secure networking nowadays.

The following are some benefits of our exclusive Quantum Key Distribution (QKD) technology: enhanced security, cost-effective scaling, multipoint-to-multipoint connection, and future-proofing—their devices are made to be upgraded with the newest quantum network technologies.

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