Partner Article
Government cyber-security contractor closes £8m Series A funding
London-based Post-Quantum, the cybersecurity startup which specialises in defence-grade protection for high-profile clients, has announced the closure of its £8m Series A funding round.
The former Techstars Barclays Accelerator participant attracted investment from Hong Kong-based VMS Investment Group along with AM Partners and adds to its £800k seed funding.
Post-Quantum have amassed over 20 patents on the back of seven years of R&D work, focused around quantum and biometric encryption, blockchain innovations and secure communications for business and enterprise.
The firm, which was founded in 2009, also recently won a number of classified government contracts in secure communications, and has worked on a post-quantum secure messaging platform for NATO.
Andersen Cheng, Chief Executive Officer at Post-Quantum explained that the tech business’ ‘defence-grade’ products are befitting of the current perilous cyber-criminal climate.
He said: “We have established a strong reputation and generated a lot of interest from some of the biggest names in financial services and government, so having the funding and support of VMS Investment Group and AM Partners is integral to our growth.”
With plans to use the funding to expand its modular product suite and tackle the latest, developing cyber-threats, Andersen’s vision for Post-Quantum is to ‘protect the world’s information’ thanks to its biometric and encryption innovations.
Jack Chow, Partner, VMS Investment Group said: “We have been thoroughly impressed by the high level of products Post-Quantum has developed.
“The global business environment has never been at greater risk of complex cyber attacks, and we firmly believe Post-Quantum has the expertise and solutions that can provide defence-grade protection to enterprises across the world.”
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