Q*Bird raises €2.5 million and sets out to conquer the quantum security market
Q*Bird's quantum cryptography provides enhanced security against current cyber threats and prepares customers for future attacks from quantum computers.
Published on May 28, 2024
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Q*Bird, a Dutch next-generation digital infrastructure startup, has raised €2.5 million to accelerate its growth in the emerging quantum security market.
The company has developed a quantum cryptography product called Falqon, which is based on the fundamental laws of nature and provides security against any attack, including those from future quantum computers.
A secure foundation for quantum internet
Founded in January 2022, Q*Bird aims to protect data communications and digital infrastructure using patented technology that outperforms the competition in terms of security and cost. In addition, the startup's technology provides a secure foundation for the future “quantum internet,” in which quantum computers will be connected over long distances around the world.
The investment round is being led jointly by QDNL Participations and Cottonwood Technology Fund, with participation from InnovationQuarter. The new funding will be used to scale up sales of the product and to develop further products in the field of quantum security.
Port of Rotterdam
Q*Bird is currently involved in a large-scale test of its technology at the Port of Rotterdam, a key part of the European trading economy and the largest port on the European continent. It has already secured a first customer for Falqon and will officially launch the product line later this year. The company has also already signed three other contracts to implement quantum networks across Europe and has partnered with Eurofiber to improve the security of its networks and customers.