By Scott Totzke, CEO & Co-founder, ISARA Corporation
Published Nov. 21, 2018
On November 19th, we announced the exciting news that we raised $10 million USD in Series A funding led by Shasta Ventures. This is in addition to an initial capital investment of $11.5 million USD from Quantum Valley Investments. Subsequently, I’d like to officially welcome Nitin Chopra, Partner at Shasta Ventures to our Board of Directors. Nitin is passionate about enterprise software and focuses on investing in security and data technologies.
I’m very excited about this investment and what it means for ISARA’s continued growth. First, I’d like to start by stating how thankful and proud I am of the ISARA team, our commercial and research partners, and global standards colleagues for how much we’ve achieved together in the three and a half years since we were founded in 2015. Since then, it’s been our mission to create a quantum-safe world.
We’ve made this a real possibility for enterprises and governments when our team launched the first production-ready quantum-safe cryptographic library and integration tools, set the first international quantum-safe standards, collaborated with the talented research team at Cisco to test our innovative solutions, and with the launch of the only agile technology for PKI migrations, ISARA Catalyst™ Agile Digital Certificate Technology.
During this time, we grew from a team of two to over 40 people and had proudly partnered with global leaders such as DigiCert, Gemalto, Volkswagen AG, KeyFactor (formerly CSS Security) and BlackBerry. The growth we’ve achieved wouldn’t have been possible without the smart work, genuine collaboration and dedication of our team and for that, I am incredibly grateful.
This initial investment in our Series A round will go towards further establishing our position as the leader in the quantum-safe security market. It’ll go towards meaningful growth on the front end of the business to continue to provide exceptional support, expertise and innovative solutions for our partners.
Also, as this market matures, we know how important it is to deeply understand the needs and challenges of today’s cybersecurity teams. We’ll continue to do this through our world-class research and development team and our standards-based approach to interoperability.
With this latest round of funding, we’re closer to helping all enterprises and governments become quantum-safe so that they can take advantage of quantum computing’s unique benefits without sacrificing security and privacy.
When it comes to revolutionary technologies, quantum computing tops the list. The potential benefits are numerous, in fact, there are already some interesting results. However, with great positive potential, there can be an equally negative disruption.
A large-scale quantum computer will break current public key cryptography universally used today in almost everything that securely connects and transacts, creating widespread vulnerabilities.
Quantum-safe cryptographic algorithms and crypto-agility must be used to create security solutions that will protect against quantum-enabled adversaries. Upgrading the cryptography and systems used to secure and authenticate billions of digital connections every day won’t be an overnight project.
Fortunately, there’s a practical way to start protecting critical assets, information and systems today. At ISARA, we leverage our combined decades of cybersecurity experience and cryptographic expertise to create the tools security teams need to integrate quantum-safe security into their existing systems and products easily. We do this by creating high-performance cryptographic libraries and integration tools as well as agile technologies for a seamless, practical and cost-effective migration.
No company is better positioned than ISARA to make the vision of a quantum-safe world a reality, and I couldn’t be more excited for what the future holds.
- Scott Totzke
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