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QuSide

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Quantum random number generators for cybersecurity and computation

Barcelona, SpainFounded 2017Other B2B Software
Valuation $25–50M Last recorded · 2023
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About QuSide

QuSide Technologies, S.L. is a quantum technology company that designs and manufactures quantum random number generators (QRNGs) and processing solutions for cybersecurity and high-performance computing applications. Founded in 2017 as a spin-off from the Institute of Photonic Sciences (ICFO) in Barcelona, Spain, the company is the result of over a decade of research into quantum and photonic technologies. The founding team includes Carlos Abellan (CEO), Domenico Tulli (CTO), Waldimar Amaya (SVP Engineering), Valerio Pruneri, and Morgan Mitchell. Abellan, who holds a PhD in quantum technologies from ICFO, co-invented the quantum randomness technologies that were transferred to the company.

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QuSide’s core business revolves around providing a foundational layer of security and computational efficiency through truly random numbers. Unlike pseudo-random number generators that rely on predictable algorithms, QuSide's QRNGs harness the inherent unpredictability of quantum mechanics, specifically the phase diffusion in semiconductor lasers, to generate entropy. This approach provides a verifiable source of randomness essential for robust cryptographic applications, including post-quantum cryptography and quantum key distribution (QKD), protecting data from current and future threats posed by quantum computers. The company serves clients in markets such as data centers, finance, insurance, logistics, defense, and telecommunications.

The company's product portfolio includes several QRNG modules and chips. The QN100 is a quantum entropy source chip that can generate over 1 Gbps of random digits. The Garnet™ Series offers PCIe modules with speeds from 100 Mbit/s to 1 Gbit/s, while the Nellite™ Series provides FMC modules for FPGA integration. QuSide has also developed the Ruby™ Series, a QRNG security chipset for embedded applications. For high-performance computing, the company offers the Randomness Processing Unit (RPU), a hardware accelerator designed to offload and speed up randomized workloads like Monte Carlo simulations by up to 10 times with significantly less energy consumption. QuSide has established partnerships with companies like Thales, Telefónica, and Equinix to integrate its technology and expand its market reach.

Since its inception, QuSide has secured more than $10.9 million in funding over several rounds, including investments from Bullnet Capital, Trumpf Ventures, and the EIC Fund. This capital is being used to scale up production of its semiconductor chips and accelerate growth in high-volume markets.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Barcelona, Spain
Employees
64
Open positions
2
Dealroom signal
77.2/100
Sector
Other B2B Software, Quantum Computing, Spinout, EIC, Space Tech, Satellites, Quantum Computing Software, Quantum Cryptography, EIC Fund, ESA
Technology
Deep Tech, Quantum Technologies
Business model
Manufacturing, SaaS
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Jul 2023 $11M $44M TRUMPF Venture · Mission · TechVision Fonds · Catalan Institute of Finance ↗
EARLY VC✓Equity / VC Jun 2023 $0 — EIC Fund —
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthProfitMargin
2026
2025
2024
2023
2022 —
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Growth signals

QuSide website traffic

Latest recorded traffic for QuSide is 13K monthly website visits, up 78.1% over the last three months. QuSide's team grew 6.7% over the past year.

Latest monthly visits13K 3-month web change+78.1% 1-year team growth+6.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • European Innovation Council

Series A6 investors entered at this stage

  • Bullnet Capital
  • TRUMPF Venture
  • Mission
  • TechVision Fonds
  • EIC Fund
  • Catalan Institute of Finance

Other known investors5 additional known investors

  • Barcelona Institute of Science and Technology
  • CASSINI Initiative
  • EUSPA
  • ICREA
  • Institute of Photonic Sciences
Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇪🇸 Spain88.2%
🇺🇸 United States3.9%
🇬🇧 United Kingdom2%
🇮🇪 Ireland2%
🇩🇪 Germany2%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about QuSide on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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