Canadian Innovation Investment Marks Another Funding Milestone for ISARA Corp. : Quantum-Safe

Strategic Innovation Fund award of $7.2 million joins Silicon Valley venture capital to build agile quantum-safe security solutions.

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On April 18th, 2019 Minister Navdeep Bains announced that the Canadian federal government is investing $41 million to support the organizations at Quantum Valley Investments with ISARA receiving $7.2 million.

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Quantum technologies are poised to benefit our world for the better (and in some ways for worse), but in what specific ways? Martin Laforest explores 5 ways quantum computing will change our world.

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Quantum computing and the threat it poses to current public key cryptography is gaining awareness amongst security professionals. However, there’s uncertainty around the actual effect it’ll have on today’s cybersecurity measures, when to start preparing, and what steps can be taken today to protect critical assets. Executives and their teams are looking for information that cuts through the hype and provides them with practical and realistic actions that they can take today to start preparing. This is why we’ve collaborated with Dr. Arthur Herman at the Hudson Institute to create the Executive’s Guide to Quantum Computing and Quantum-secure Cybersecurity.

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On March 7, ISARA Corporation’s Chief Technology Officer & Co-Founder, Mike Brown, was invited to join The Georgian Impact Podcast hosted by Jon Prial. This podcast allows entrepreneurs to recognize opportunities and threats that they are facing in the technology industry.

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Best practices for cryptography evolve with time and staying secure sometimes requires immediate reaction. The transition to Elliptic Curve Cryptography specified by the US National Security Agency’s 2005 “Suite B” recommendation included a comfortable transition period. However, in August 2015 the NSA unexpectedly publicized a report recommending that any institutions which had still not completed the transition to Suite B schemes should continue using the older schemes and instead prepare for an upcoming transition to quantum-safe cryptography.

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While quantum computers will bring with them possible major advancements in the fields of medicine, chemistry, machine learning, and more, there is a negative impact on current public key cryptography causing widespread vulnerabilities.

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Every advancement in quantum computing brings us closer to the positive and negative disruptions this revolutionary technology promises. Though a large-scale quantum computer is not here yet, its future arrival already puts many aspects of information security at risk today because of “harvest-and-decrypt” attacks, for example, where adversaries collect and store encrypted data with the intention of decrypting it in the future.

Now, business leaders recognize that they need to start preparing and are asking how they can become ‘quantum-ready.’

For security leaders, protecting your organization’s critical assets, products and confidential data using a quantum-safe method is essential. We will discuss two such approaches: quantum-safe cryptography and quantum key distribution.

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Scott Totzke, CEO & Co-founder of ISARA, talks about what our recent Series A investment announcement means for the future of ISARA and quantum-safe security.

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We’re excited to announce that Shasta Ventures has invested $10M USD into our Series A round. Shasta Ventures is a Silicon Valley based, early-stage investment firm with many previous successful exits. This investment will help fund our continued growth.

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