QSecure
QSecure offers magnetic media chip and authentication solutions to prevent credit card fraud
About QSecure
QSecure positions itself as a critical player in the emerging field of post-quantum cybersecurity (PQC), offering solutions to protect against future threats from quantum computers. Founded in 2019 by Dave Krauthamer, Skip Sanzeri, Rebecca Krauthamer, and Kosta Vilk, the company is headquartered in San Mateo, California.
The founding team's expertise laid the groundwork for the company's direction. Rebecca Krauthamer, who now serves as CEO, previously co-founded Quantum Thought, a venture studio for quantum intellectual property, and holds a degree in Symbolic Systems from Stanford University. Her early work in quantum computing, which earned her a spot on Forbes' "30 Under 30" list, and her involvement with the World Economic Forum's Global Future Council for quantum, highlight a deep background in the field. The initial impetus for QSecure's specific focus came from an investment by the U.S. Air Force in 2020 to research the threat of quantum computing on encrypted communications.
QSecure's business model is centered on a software-as-a-service (SaaS) architecture, providing an end-to-end quantum security solution. The firm targets government agencies and private sector businesses, particularly in finance, telecommunications, energy, and critical infrastructure. Revenue is generated through its platform, QuProtect, which is available via the AWS Marketplace and direct sales, as well as through partners like Accenture, Dell, Cisco, and Carahsoft. The company has secured significant funding, including a Series A round that brought its total to $28 million, with investors like Two Bear Capital and Accenture Ventures.
The core product, QuProtect, is a software-based platform designed to make networks resilient to both classical and quantum attacks without requiring a complete overhaul of existing systems. Its key feature is "crypto-agility," which allows organizations to seamlessly upgrade their encryption protocols to the new standards recommended by the National Institute of Standards and Technology (NIST). The platform operates in three stages: a discovery engine scans a network to create an inventory of all cryptographic assets, an orchestrator enables the one-click upgrade to PQC algorithms, and a reporting engine provides real-time compliance tracking. This approach addresses the "harvest now, decrypt later" threat, where adversaries collect encrypted data today with the intent of decrypting it once powerful quantum computers are available.
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Societe Generale
AllegisCyber Capital- WPWorldview Technology Partners
UMC Capital
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