Quantum Bridge announced on Wednesday that it has raised $8 million in Series A funding for its quantum-safe key distribution solution. The new funding, which brings the total raised by the company to $16 million, was supported by Wayra (Telefónica), Cadenza VC, Club degli Investitori angels, HPE, and Bacchus Venture Capital.
NIST has developed a chip that reliably emits a single photon on demand. This ability will improve the efficiency of QKD (quantum key distribution) as we prepare for the arrival of quantum computers. Quantum computers will upend current cryptology by using Shor's algorithm to rapidly negate the current public/private key secure encryption methods. This has largely been solved by NIST's post quantum cryptology (PQC) algorithms.