The startup develops quantum technology for the protection of encryption keys, enhancing cybersecurity by providing quantum-enhanced security for data in transit. This system improves the effectiveness and longevity of encryption infrastructure, enabling secure communications for both corporate and individual clients.
Funding
$45.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current encryption methods are vulnerable to both present-day cyberattacks and future threats posed by quantum computing, creating single points of failure that can be exploited. The transition to post-quantum cryptography (PQC) is complex, requiring significant changes to IT infrastructure and potentially causing disruptions and downtime.
Solution
Quantum Xchange provides a key management platform that strengthens existing encryption and enables a smooth transition to quantum-safe cryptography. Their solution, Phio TX, delivers crypto-agility by allowing organizations to dynamically stack, switch, mix, and deliver quantum-safe keys across any network. This approach eliminates single points of failure, protects against "harvest now, decrypt later" attacks, and ensures continuous data security without requiring a complete overhaul of existing systems. Quantum Xchange also offers CipherInsights, a tool for cryptographic discovery and risk assessment, providing visibility into network traffic and identifying cryptographic vulnerabilities.
Target Audience
The primary target audience includes enterprises, government agencies, and managed connectivity providers seeking to enhance their data security posture and transition to quantum-safe cryptography.
Features
- Phio TX: A key management platform delivering quantum-safe keys over any network, supporting crypto-diversification with current and post-quantum encryption technologies.
- CryptoDiversification: Enables a diversified portfolio of encryption technologies to mitigate risks associated with single points of failure.
- CipherInsights: A sensor-based tool for continuous cryptographic risk monitoring and management, providing visibility into encrypted vs. unencrypted traffic, quantum-vulnerable cryptography, and certificate validation.
- FIPS 140-3 and FIPS 203 Validated: Meets rigorous crypto-security standards.
- Compatibility: Works over any TCP/IP connection or network media type, delivering quantum-enhanced keys on-demand.
- Integration: Phio TX does not require the replacement of existing algorithms, equipment, or network infrastructure.
- Monitoring: Full accountability and auditability for both keys and data in motion, providing a complete view into key exchanges.