Waterloo aims to be world’s quantum valley with help from government funding

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.

“The investment is an expression of the government’s view that quantum computing is a technology where Canada can be a world-leader,” said Bains.

Along with our neighbours at Quantum Valley Investments, the Perimeter Institute for Theoretical Physics, and the Institute for Quantum Computing, ISARA is part of Waterloo’s “Quantum Valley”, a recognized global quantum hub. ISARA is the world’s leading provider of quantum-safe security and agile technologies for companies in various industries, including automotive financial services, and federal governments. In this article, Mike Brown, CTO and Co-founder of ISARA, speaks about the threat quantum computing poses to current security measures, particularly over the air software updates in connected cars:

“Those software updates will rely on cryptography that industry experts say will be broken by 2026 to 2030. [Therefore], the automotive industry has a problem today,” said Brown.

Read the full article on Financial Post.