Quantum Industries GmbH funding news – Vienna-based Quantum Industries GmbH (QI) Secures €9.5 Million in Fresh Capital

The round was led by Sparring Capital Partners, Findus Venture, and KGAL, a global asset manager specializing in infrastructure investments.

Dr Felix Tiefenbacher, Co-CEO and Co-founder of QI said, “We are thrilled to have the support of both private investors and public institutions as we drive forward the next generation of quantum-secure communications. The financial and societal cost of cyberattacks on critical infrastructure is huge so organizations cannot afford to compromise on security, The enthusiasm for our technology is incredible—every potential customer we’ve spoken to recognizes its value and wants to learn more. With our first customer projects already underway, this marks a significant step towards commercialisation.”

Data from CI shows that cybercrime could cost over €9.5 trillion by 2025, with critical infrastructure being the target of more than half of these attacks.

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The funding will help QI commercialize its technology and protect critical infrastructure from cyberattacks on communication systems, as well as the upcoming threat of quantum computers that could break current encryption methods in seconds.

Dr Ursin, Co-CEO and Co-founder of QI, added: “We have harnessed more than 40 years of Nobel Prize-winning scientific research to set a new benchmark for quantum secure communications. From day one, our goal has been to establish a global leader in this field. With this investment, we now have the resources and the backing to realise that vision on a global scale. It’s a vision our investors share, and together, we aim to establish Quantum Industries as a key player in securing the future of global communications for critical infrastructure.”

QI’s unique Quantum Key Distribution (eQKD) technology uses quantum entanglement, a physics principle that makes encryption impossible to hack.

QI is set to create a continent-wide secure communication network. It is a key provider for the European Quantum Communication Infrastructure (EuroQCI) program and is working with both national and international critical infrastructure providers to build secure communication systems. So far, QI has secured €1.8 million in sales in its second year.

Michael Steiner, CEO of Sparring Capital Partners said, “With surging demand in computing power for artificial intelligence and convergent technologies, we see unprecedented growth in data centres. At the same time, the potential of quantum computing requires new and much higher standards in cybersecurity and encryption. Quantum Industries effectively addresses this emerging need and we are proud to support them”,.

As the demand for computing power grows, QI's technology is perfect for supporting the next generation of data centers that link multiple quantum computers to store, process, and secure data.

Christian Federspiel, Founder and CEO of Findus Venture said, “Quantum technology will be a decisive force over the next decades and remains one of few areas of technology in which Europe is globally leading. QI and its world-class team are the prime example in this context as they have developed and are commercialising the most potent quantum key distribution system globally available”.

Dr Wolfgang Bernhard, former Board Member of Daimler AG, CEO of Daimler Trucks and Supervisory Board Member of Andritz AG and AMAG will also be joining the Board of QI for Sparring Capital along with other industry and investment professionals.

Gregory Ingram, Shareholder and Supervisory Board Member of KGAL said, “When it comes to critical infrastructure, cybersecurity is non-negotiable. Quantum Industries is the only company able to provide that absolute security. As specialist investors in infrastructure, we recognise the urgent need for a Europe-wide secure communications network and look forward to working with Quantum Industries to deliver that,”.

About Quantum Industries GmbH

At Quantum Industries GmbH, they specialize in advanced quantum cryptography, specifically Quantum Key Distribution (QKD). Their mission is to transform the security industry by offering the most secure and efficient cryptographic solutions, all based on scientific principles.