Quantum Industries GmbH, headquartered in Vienna, Austria, has raised $10 million in a seed financing round to commercialize its quantum-secure communication technology for critical infrastructure. Founded in 2023 by Dr. Felix Tiefenbacher and Dr. Rupert Ursin, Quantum Industries(QI) specializes in entanglement-based Quantum Key Distribution (eQKD), offering unhackable encryption methods to address cybersecurity risks posed by quantum computing and conventional threats.
The funding round was led by Sparring Partners, Findus Venture, and KGAL, supporting QI’s expansion within the European Quantum Communication Infrastructure (EuroQCI) program and the development of quantum-secure data center networks. This investment enables QI to provide critical infrastructure with absolute security against cyberattacks on communication systems, especially considering the looming threat of quantum computing, which could potentially break today’s conventional encryption systems in seconds.
“We are thrilled to have the support of both private investors and public institutions as we drive forward the next generation of quantum-secure communications.”, said Dr. Felix Tiefenbacher, Co-Founder of Quantum Industries GmbH.
The fresh capital will enable QI to scale its quantum-secure data center networks, ensuring future-proof encryption for governments, enterprises, and infrastructure providers worldwide.
With the backing of industry leaders and ongoing customer projects already underway, this investment marks a major step toward establishing Quantum Industries as a global leader in secure communications.
