Q
QuSide
Quantum random number generators for cybersecurity and computation
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.
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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
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.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about QuSide on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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