![]() ![]() They also invest in a small number of later-stage companies like Quintessence Labs.Main Sequence, the Australian deep tech investment fund founded by Australia’s national science agency CSIRO, held the first close of its third fund, raising $AU450m, surpassing the milestone of $AU1 billion in total funds under management.īackers included Hostplus, LGT Crestone, Morgan Stanley Wealth Management, Temasek 1, NGS Super, Australian Ethical Investment, Daiwa Securities Group and The Grantham Foundation. They focus on pre-seed and seed-stage investments. The company said it would use the funds to deliver advanced quantum-enhanced cybersecurity solutions to large enterprise customers worldwide.Įmpress Capital is a venture fund backing early-stage Australian & New Zealand Artificial Intelligence Companies. An investment from Chevron Technology Ventures in March 2022 pushed the total funds raised by the cybersecurity company to shy of $50 Million. ![]() In 2021, Quintessence Labs secured a $25 Million investment from Main Sequence and TELUS Ventures, with participation from InterValley Ventures and Terry Snow's Capital Property Group. We believe that it is a massive opportunity for companies like Quintessence Labs." ![]() Many organizations will be exposed without this technology and we view this as a major threat for most organizations. Beyond protection from currently known cyber hazards, Quintessence Labs claims that its technology is also a preparation for unknown future threats.Įmpress Capital general partner Yash Varma said, "we have invested in Quintessence Labs not just because they have a world-class team but also because of our belief that being Quantum safe will be required for future AI (and other) solutions. The company also foresees the coming of a huge cybersecurity threat they call quantum risks a problem that can only be solved at a quantum level. Quintessence Labs employs technologies like Quantum Random Number Generators, Quantum Key Distribution, and Quantum-Enabled Key Management for its security measures.Īs humans demystify quantum computing, there is no telling what purpose it will be used for. The company believes it will be mainstream and become indispensable to cybersecurity. Quintessence Labs harnesses the power of quantum computing to prevent cyber-attacks, data theft, and the breakdown of information systems. ![]() Their capabilities extend from quantum key generation and crypto-agile key management through quantum key distribution. Quintessence Labs is at the forefront of quantum cybersecurity, providing the strongest data protection to keep information safe against today's and tomorrow's threats. Through their use of drones, artificial intelligence, patented seed pods, and unique commercial models, we believe they will have a positive impact on the world." They have a highly scalable solution that is getting a lot of interest within Australia and overseas. In light of the investment, the founder of Empress Capital, Yash Varma, said, "We believe Airseed Technologies has the team and the technology to be a game changer in so many ways. The company has seen a lot of interest from large corporations looking to deploy the technology and they will be announcing some large partnerships in the coming months. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |