Crypto Quantique raises $8M to address IoT security
The startup claims that using the most advanced techniques in cryptography and quantum physics, a single chip could generate multiple, unique, unforgeable cryptographic keys on-demand to address the growing challenges of end-to-end IoT security. These cryptographic keys would never be stored and would be resistant to most side-channel attacks, while being usable independently by multiple applications on demand.
“Silicon, device, software and solution providers must urgently work together so that device security becomes a foundation rather than an add-on, and end-to-end IoT security is the new normal” said Shahram Mossayebi, CEO and co-founder of Crypto Quantique.
“Crypto Quantique is proud to lead this radical cybersecurity transformation, using the most advanced techniques in cryptography and quantum physics, to enable cloud-like economy, plug and play ease of use, unforgeable device identity that is protected from manufacture to end of life, and the highest levels of foundational security”, the CEO continued.
With the funding, the company aims to grow its software development team to enhance its Key Management Service (KMS) and cryptography. The company’s KMS, a key component in the overall solution is designed to be integrated into any cloud based or on-premise IoT platform facilitating seamless, zero-touch secure device on-boarding for thousands of devices in seconds as well as ongoing device attestation, revocation and secondary identity provisioning capabilities.
This will enable enterprises to achieve full end to end ownership and control of IoT security with a future proof foundation securing, for example, data in transit, device attestation, data at rest, mutual authentication, and device boot.
“Today’s identity, security and encryption technology is failing to keep up with the onslaught of sophisticated adversaries attacking IoT systems via connected devices,” said Kumi Thiruchelvam, chief commercial officer and co-founder. “Crypto Quantique brings a new approach to a critical challenge for the IoT security industry. Our solution delivers an unforgeable hardware derived root of trust that will enable true vertical integration from the device through the entire network to cloud computing services. I am excited to help bring our this truly innovative quantum driven cybersecurity to market.”
The company says its quantum driven cybersecurity design overcomes existing state-of-the art limitations by providing a quantum driven security foundation for identifying, securing and managing IoT devices while reducing cost and lowering risk, futureproofing IoT security. The very high entropy multi-use, unforgeable, tamper resistant cryptographic keys will be generated on-demand direct from silicon using quantum tunneling.
Crypto Quantique – www.cryptoquantique.com
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