Quantum based encryption gets significant boost with £2.7m funding in Crypta Labs - Mark Baker, UK Tech News Editor
Quantum based encryption gets significant boost with £2.7m funding in Crypta Labs
Crypta Labs today announces the completion of a £2.7 million (US$ 3.4m) funding round led by Bloc Ventures and includes £1,000,000 (US$ 1.3m) debt finance from Innovate UK.
Crypta Labs is a quantum cybersecurity company which develops IP, hardware and related software using the quantum properties of light to secure highly critical data and communication devices embedded in critical infrastructure for the aerospace, communication, medical, military, and transport sectors.
The investment will allow Crypta Labs to further the development of its Quantum Random Number Generation (QRNG) IP portfolio and to bring to market the first Quantum-enabled Hardware Security Module (QHSM) ensuring critical infrastructure remains secure in the post-quantum computing world, and to accelerate the roadmap towards a single chip QRNG.
The company first developed its QRNG technology for the UK MoD for robust applications requiring it to withstand extreme external influences such as vibration and temperature fluctuations. All factors which to date have challenged the design of quantum light based RNGs. One of its first commercial applications is for connected automotive applications in the Czech Republic, where Crypta Labs is deploying its Hardware Security Module (HSM) for PKI and PKCS11 infrastructure to meet the increased security requirements demanded of the ETSI 1.3.1 standards for EU C-Roads smart roads infrastructure.