According to ChainCatcher, crypto.news reported that crypto security startup 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. The new funds will be used to hire more employees and promote closer working relationships with partners and customers.

It is reported that PQShield's technology is designed to protect encryption systems from quantum computer-based hacker attacks, and its well-known customers include Nvidia and AMD.