QIZ Security Completes $17 Million Seed Round Financing to Accelerate Post-Quantum Cryptography Layout
QIZ Security announced the completion of a $17 million seed round financing, led by Bessemer Venture Partners and Merlin Ventures, with participation from several institutions.
The funds will be used to accelerate product development and market expansion. Its platform helps enterprises identify risks associated with encrypted assets, assess, and advance post-quantum remediation, and has been implemented in the finance, telecommunications, healthcare, and critical infrastructure sectors.
The demand for transformation to post-quantum cryptography is driving institutional capital inflow. QIZ Security benefits as a management platform from corporate budgets for encryption upgrades, while traditional security giants (such as Cisco, AWS, Google, CrowdStrike, IBM) expand their influence through ecosystem integration, putting early quantum risk-exposed companies under pressure.
Source: Public Information
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QIZ Security co-founder Itan Barmes previously led Deloitte's global quantum cybersecurity readiness team, which has directly continued the path of traditional consulting giants transitioning to the quantum era in the fields of cybersecurity and enterprise services. The entrepreneurial combination of Ben Volkow and Lenny Ridel further strengthens the platform's execution in encrypted asset risk assessment and remediation.
On the capital front, early institutions like Bessemer and Merlin Ventures led the round, collaborating with participants like Evolution Equity Partners, focusing on the post-quantum security track. They quickly locked in the emerging infrastructure market of quantum threat management through the seed round, strategically seizing the transition window for enterprises moving from classical encryption to PQC.
Similar to the previous expansions of security giants like CrowdStrike and IBM in endpoint protection and cloud security, QIZ Security is currently in the early expansion phase of quantum security from research to enterprise-level implementation, leveraging its collaboration network with Cisco, AWS, Google, Deloitte, and EY to rapidly penetrate high-value clients in finance and critical infrastructure.
Essentially, this is a technological substitution: post-quantum cryptography is reconstructing existing encryption infrastructure, as the threat of quantum computing breaking traditional public key algorithms forces enterprises to pay a premium for upgrades. Capital is thus concentrating on specialized platforms capable of assessment-remediation closed-loop capabilities, while traditional security products face the risk of partial substitution.
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The earlier a threat emerges, the more pricing power the defense platform establishes.
Capital always flows to structures that encompass "risk assessment to remediation closed-loop," rather than single technical points.
When a technological paradigm shift occurs, enterprises that seize the migration window first outperform later-following giants.