- VeriQloud, a company specializing in quantum network solutions, announced the successful completion of a €1.9 million funding round.
- Quantonic leads the investment round and joins WinEquity.
- VeriQloud developed Qline, a quantum communications architecture that can distribute keys between multiple parties connected on a single optical fiber.
PRESS RELEASE — VeriQloud, a startup technology company specializing in quantum network solutions, announced the successful completion of its latest funding round. The company has raised €1.9 million in an investment round led by Quantonation, a leading investment fund in quantum technology, and joined WinEquity, a fund focused on innovation, providing capital and mentorship, and putting diversity at the heart of its thesis for its early stages. -investment stage.
VeriQloud is dedicated to unlocking the power of quantum networks. It has developed Qline, a quantum communications architecture that can distribute keys between multiple parties connected on a single optical fiber. With lower hardware requirements, and the absence of trusted repeaters, Qline is well-suited to interconnect with large-scale Quantum Key Distribution (QKD) networks and realize remote key distribution. It can also be used at metropolitan area scale to secure communications and storage in cloud infrastructure, offering unparalleled security for industries such as finance, telecommunications, and healthcare.
Qline has been deployed by Deutsche Telekom in 2022 on the OpenQKD testbed network in Berlin. VeriQloud also participates in major projects on quantum networks, such as France QCI (led by Orange), Quantum Internet Alliance (led by TU Delft), or SecNISQ (led by INRIA). In this project, VeriQloud is developing future applications for Qline and quantum networks for secure delegated classical and quantum computing. These applications are based on primitive cryptographic implementations that leverage quantum communications, with direct applications to confidential computing, secure distributed computing, and blind quantum computing.
The recent investment of €1.9 million will allow VeriQloud to accelerate the development of its hardware and software solutions that offer seamless integration of quantum communications for end users. By addressing the specific challenges encountered in recent journeys, VeriQloud aims to open up new opportunities for businesses and researchers, ultimately shaping the future of quantum communications.
Quantonation, recognizes the unique technological approach of VeriQloud solutions, which has the potential to help adopt quantum networks at scale in Urban Areas.
WinEquity, with its extensive expertise in funding innovative startups, shares the enthusiasm for VeriQloud’s vision. Their investment provides not only the necessary capital but also access to invaluable industry insights and strategic guidance.
“We are delighted to be partnering with Quantonation and WinEquity on our mission,” said Marc Kaplan, Founder and CEO of VeriQloud. “This investment not only validates the importance of our work but also empowers us to accelerate the development of our hardware and software applications. With the support of this visionary investment fund, VeriQloud is ready to make a significant contribution to the widespread adoption of quantum networks.”
Olivier Tonneau, partner at Quantonation commented: “We believe that with its original technology, Veriqloud has the potential to become a key player in quantum networks, especially for long distances, or for secure data storage with quantum technology.”
VeriQloud’s commitment to advancing quantum networking technology has earned recognition within the industry and attracted the attention of investors and potential partners. The company’s innovative solutions and dedicated team have positioned it as a key player in the growing quantum ecosystem.
For more information about VeriQloud and its groundbreaking work in the field of quantum networks, please visit www.veriqloud.com.