Total amount raised
$42.2 Million
Latest funding date
02/01/2025
Location
QuSecure has successfully raised funding over 10 rounds, with the latest being a Series A round. The company is backed by notable investors, including Two Bear Capital and Accenture Ventures.
Keep reading to explore the intricacies of QuSecure's fundraising journey and the investors backing this innovative platform.
What Is QuSecure?
QuSecure, founded in 2019, is a private company based in San Mateo, California. Specializing in post-quantum cryptography, the company operates within the cyber security, network security, and software industries.
With a workforce of 51-100 employees, QuSecure aims to simplify cryptographic protection through its QuProtect R3 platform, which offers continuous discovery, active remediation, and real-time reporting. The company is backed by investors such as Two Bear Capital and Accenture Ventures.
How Much Funding Has QuSecure Raised?
- Series A
- Amount Raised: USD 28,000,000
- Date: February 2025
- Lead Investors: Two Bear Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance delivery of quantum-resistant cybersecurity solutions, support product development, accelerate go-to-market initiatives, and expand the customer base.
- Series A
- Amount Raised: USD 9,000,000
- Date: October 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand market reach.
- Seed
- Amount Raised: USD 150,000
- Date: May 2022
- Lead Investors: Techstars
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and initial market entry.
- Seed
- Amount Raised: USD 1,500,000
- Date: November 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand the team.
- Seed
- Amount Raised: USD 2,000,000
- Date: August 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Seed
- Amount Raised: USD 1,000,000
- Date: June 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing research and development efforts.
- Seed
- Amount Raised: USD 150,000
- Date: July 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial product development and market testing.
- Seed
- Amount Raised: USD 50,000
- Date: March 2020
- Lead Investors: United States Air Force
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop solutions for government and defense sectors.
- Seed
- Amount Raised: USD 300,000
- Date: March 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product capabilities and secure initial customers.
- Non-Equity Assistance
- Date: June 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources without equity dilution.
Total Amount Raised: USD 42,150,000. Current Valuation: Not publicly disclosed.
Key Investors
- Two Bear Capital
- Details: Two Bear Capital is a venture capital firm led by Mike Goguen. They focus on supporting companies during critical and transformative periods of growth and opportunity.
- Investment Focus Areas: Technology, healthcare, cybersecurity.
- Notable Investments: QuSecure, OncoResponse, DermaSensor.
- Accenture Ventures
- Details: Accenture Ventures is the investment arm of Accenture, led by Tom Patterson. They invest in companies that help clients future-proof their global networks and protect high-risk data.
- Investment Focus Areas: Technology, cybersecurity, digital transformation.
- Notable Investments: QuSecure, Synadia, Reactive Technologies.
- Techstars
- Details: Techstars is a global platform for investment and innovation. They provide mentorship and funding to startups through their accelerator programs.
- Investment Focus Areas: Technology, software, innovation.
- Notable Investments: QuSecure, SendGrid, DigitalOcean.
- 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 invest in technologies that enhance national security.
- Investment Focus Areas: Defense, aerospace, cybersecurity.
- Notable Investments: QuSecure, SpaceX, Palantir Technologies.
What's Next for QuSecure?
QuSecure stands at the cusp of significant growth, driven by the urgent need for quantum-resilient cybersecurity solutions. With advancements in quantum computing posing a threat to traditional encryption, the company is well-positioned to expand its customer base across government, financial, and critical infrastructure sectors. The global quantum computing market, expected to exceed $125 billion by 2030, presents a vast opportunity for QuSecure to leverage its QuProtect platform.
Future fundraising efforts are likely to focus on large-scale customer acquisition and broad adoption of their technology. Government grants and contracts, especially those promoting quantum-safe encryption, could provide additional financial support. However, QuSecure may face challenges such as rapid advancements in quantum computing, competition from other cybersecurity firms, and the need to integrate seamlessly with existing infrastructures. Despite these hurdles, the company's strategic positioning and innovative solutions offer a promising path forward.
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