Encryption security start-up PQShield announced the completion of a $37 million Series B financing round, led by Addition, with participation from Braavos Capital, Legal & General, and Chevron Technology Ventures. PQShield's technology aims to protect encryption systems from hacking attacks based on quantum computing, with well-known customers including Nvidia and AMD. It is reported that the new funds will be used to hire more employees and promote closer working relationships with partners and customers.
Cryptographic security startup PQShield completes $37 million Series B funding
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