Trumpf invests in Spanish quantum RNG startup
Quside (Barcelona, Spain), which developes random number generators for cryptography and high-performance computing, has raised more than €1 million from Trumpf Ventures and Bullnet Capital.
Demium Capital and TechVisionCapital also joined the round.
Quside was founded in 2017.
“With our participation in Quside we intend to help in bridging the gap towards high volume markets by offering expertise and know how in producing photonic components at scale,” said Ulrich Kruse, investment manager at Trumpf Ventures.
The funding will be used to scale up its production capacity, Quside said. “The new funding, we will be able to better support our customers as they start to roll out next-generation security products and computing solutions,” said Carlos Abellan, co-founder and CEO of Quside, in a statement.
Quside has developed a Randomness Processing Unit (RPU) designed to simultaneously accelerate the execution of intensive randomized workloads with reduced energy consumption and execution time savings.
The chip solution provides a hardware-accelerated randomness source with full-workload performance improvements of up to 10X and energy-saving efficiencies of up to 20X over CPU-based solutions. The product can be integrated into a range of randomized calculations using C++. Virtual Machine image integrations are available as well.