QUBITRIUM Startup Secures €1.5M ($1.6M) to Boost Quantum Security

Turkish startup QUBITRIUM has secured €1.5M (~$1.6 million) in seed funding from ACT Venture Partners to advance its quantum technology solutions.

Founded in 2020 by Dr. Kadir Durak, QUBITRIUM specializes in Quantum Key Distribution (QKD) systems, using nanosatellites to provide highly secure communication platforms.

With increasing threats to current cryptographic systems across various sectors, QUBITRIUM aims to revolutionize secure information sharing, especially in finance, healthcare, and defense.

The funding will accelerate the launch of its 2U-sized satellite equipped with QKD technology, furthering its global ambitions and reinforcing partnerships through customer engagement and technical support.

Recognized by NATO and supported by its DIANA Program, QUBITRIUM is poised to lead the development of miniaturized QKD payloads for nanosatellites.

Source: Lucy Adams / Tech.eu