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PQShield, a security startup specializing in post-quantum cryptography, has raised $37 million in Series B funding led by Addition, with new investors like Chevron Technology Ventures and existing ones such as Oxford Science Enterprises. The funding aims to boost talent acquisition and enhance collaboration with current and new clients, including tech giants like AMD and Nvidia. Founded by mathematician Ali El Kaafarani in Oxford, PQShield is at the forefront of developing encryption solutions resilient against future quantum computer threats. The company’s technology spans systems on chips, cryptographic SDKs for mobile and server apps, and toolkits for securing messaging services. As the National Institute of Standards and Technology (NIST) in the U.S. prepares to release official post-quantum cryptographic standards, PQShield’s role in the evolving cybersecurity landscape becomes even more critical. The startup also provides pro bono services to the Signal Foundation and is advising top governmental bodies worldwide. With AI’s increasing role in data handling and the potential for malicious use, the importance of advanced cryptography is ever-growing. PQShield’s solutions are poised to become integral in protecting data across various platforms, from enterprise networks to AI environments.

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