Total amount raised
$42.2 Millions
Latest funding date
Location
QuSecure has successfully raised funds through a Series A round, attracting investments from notable backers such as Two Bear Capital and Accenture Ventures. The company specializes in post-quantum cryptography solutions, offering products like the QuProtect™ platform to safeguard against both current and future cyber threats.
Keep reading to explore the intricacies of QuSecure's fundraising journey and the investors backing this innovative cybersecurity platform.
What Is QuSecure?
QuSecure, founded in 2019, is a cybersecurity company based in San Mateo, California. The company specializes in post-quantum cryptography and crypto-agility solutions, offering products like the QuProtect™ platform to safeguard against both current and future cyber threats.
With a team of founders including Austin Bosarge, Dave Krauthamer, Garrison Buss, Konstantin Vilk, Rebecca Krauthamer, and Skip Sanzeri, QuSecure operates with a workforce of 51-100 employees. The company serves various industries such as banking, finance, public sector, telecom, and critical infrastructure.
How Much Funding Has QuSecure Raised?
- Seed Round
- Amount Raised: $50K
- Date: March 2020
- Lead Investors: United States Air Force
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure initial funding for developing post-quantum cryptography solutions.
- Seed Round
- Amount Raised: $300K
- Date: March 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and test their cryptographic solutions.
- Seed Round
- Amount Raised: $150K
- Date: July 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and initial market entry.
- Seed Round
- Amount Raised: $1M
- Date: June 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Seed Round
- Amount Raised: $2M
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Seed Round
- Amount Raised: $1.5M
- Date: November 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market reach and product capabilities.
- Seed Round
- Amount Raised: $150K
- Date: May 2022
- Lead Investors: Techstars
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage Techstars' network and resources for growth.
- Series A
- Amount Raised: $9M
- Date: October 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market presence.
- Series A
- Amount Raised: $28M
- Date: February 2025
- Lead Investors: Two Bear Capital, Accenture Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance development of crypto-agile and quantum-resistant cybersecurity solutions, accelerate go-to-market initiatives, and expand the customer base.
Total Amount Raised: $42.15M. Current Valuation: Not publicly disclosed.
Key Investors
- Two Bear Capital
- Details: Founded and managed by Mike Goguen, Two Bear Capital is a venture capital firm that focuses on investing in transformative technologies. They led the Series A funding round for QuSecure.
- Investment Focus Areas: Transformative technologies, industries with significant societal impact.
- Notable Investments: Not publicly disclosed.
- Accenture Ventures
- Details: Accenture Ventures is a division of Accenture that invests in companies creating innovative enterprise technologies. They participated in the Series A funding round for QuSecure.
- Investment Focus Areas: Innovative enterprise technologies, future-proofing operations, enhancing technological capabilities.
- Notable Investments: Not publicly disclosed.
- Techstars
- Details: Techstars is a global platform for investment and innovation. They invested in QuSecure during a seed round.
- Investment Focus Areas: Startups, innovation, technology.
- Notable Investments: Not publicly disclosed.
- United States Air Force
- Details: The United States Air Force is a branch of the U.S. Armed Forces responsible for aerial and space warfare. They invested in QuSecure during an early seed round.
- Investment Focus Areas: Defense, aerospace, technology.
- Notable Investments: Not publicly disclosed.
What's Next for QuSecure?
QuSecure stands at the cusp of a significant opportunity, driven by the urgent need for quantum-resistant cybersecurity solutions. With the global quantum computing market projected to exceed $125 billion by 2030, QuSecure is well-positioned to expand its customer base across government, financial, and critical infrastructure sectors. This growth potential is bolstered by legislative mandates pushing for quantum-safe encryption standards.
Future fundraising opportunities are likely, as QuSecure may seek additional rounds to support product development and market expansion. Securing government grants and contracts could also be a viable path, given the U.S. government's focus on quantum-safe encryption. However, the company will face challenges such as integrating quantum-resistant solutions with existing infrastructure and staying ahead of rapidly advancing quantum technologies.
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