Bristol quantum computer security spinout Kets Quantum Security has won investment from Kx Systems after joining the corporate-backed Teac communications accelerator last year.
Kets Quantum Security, a UK-based quantum computing technology spinout of University College London, obtained more than £2m ($2.5m) on Tuesday in a seed round backed by database technology supplier Kx Systems.
The round also featured VC fund Quantonation, in addition to $1.3m of grant money from two government innovation vehicles, Innovate UK and the Industrial Strategy Challenge Fund.
Founded in 2016, Kets Quantum Security is creating a quantum computing-powered security range for communications that will work to protect sensitive information such as banking credentials and medical records.
Quamtum’s processing power has led manufacturers to test supercomputers based on the technology, however its widespread adoption could render cybersecurity products designed for conventional computers ineffective.
Kets plans to launch a suite of security products targeting defence, telecommunications and other critical infrastructure systems, and will use the seed capital to prepare pilots of aerospace and telecoms applications. Money will also help Kets deliver its wider growth strategy.
Kets Quantum Security was co-founded by three members of Bristol’s Quantum Engineering Technology Labs – Philip Sibson, Jake Kennard and Chris Erven.
The spinout joined corporate-backed communications accelerator Tip Ecosystem Acceleration Centre (TEAC) in October 2017, securing access to capital through the program as a result.
Kets has also received support from SetSquared, an incubator run by the universities of Bristol, Bath, Exeter, Southampton and Surrey ranked joint-best in the world by research firm UBI Global in February 2018.