Startup Profile: QTI Quantized Technologies
Quantized Technologies Inc. aims to pioneer advanced quantum-secure communication solutions by integrating measurement-device-independent quantum key distribution (MDI-QKD) with post-quantum cryptography (PQC). Their mission is to provide AI-resilient, scalable, and cost-effective encrypted communication for high-security devices compatible with existing network infrastructure.
Website: https://www.quantizedtech.com
Industry: Quantum Secure Communications, Key Distribution, and Cryptography
Founded: 2020
Headquarters: Canada
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Current encryption methods are becoming vulnerable to future quantum attacks, posing a significant risk to data security. There's an urgent need for scalable, quantum-secure communication solutions that can protect sensitive information against evolving quantum threats and integrate seamlessly with existing telecom systems.
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Quantized Technologies combines next-generation MDI-QKD with NIST-recommended PQC algorithms to create a hybrid encryption system that is quantum-safe. Their solution mitigates side-channel attacks, reduces deployment costs through a central hub model, and offers crypto-agility, making communications future-proof against quantum threats.
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As quantum computing technology advances, the threat of quantum attacks on classical encryption is increasing, necessitating immediate action to secure communications. Additionally, the current geopolitical climate favors non-American and non-Chinese solutions, providing a strategic market opportunity for their technology.
FINANCIALS
Quantized Technologies has secured approximately USD 520,000 in non-dilutive funding and raised USD 146,000 through a SAFE note capped at USD 5 million. They aim to raise USD 4 million in a seed round, offering 15β20% equity, with current funds providing a 10-month runway at a monthly burn rate of β¬20,000.
MARKET SIZE
The quantum communication market is projected to reach USD 2 billion by 2025, and the enterprise networking and telecom services market, valued at over USD 1.5 trillion, offers substantial opportunities for quantum-secure solutions. The defense and telecom equipment markets also present lucrative opportunities for IP licensing and deployment.
TEAM
The team is led by CEO Jordan Smith, with extensive experience in quantum science and technology commercialization, and Chief Science Officer Prof. Dr. Daniel Oblak, a professor at the University of Calgary. They have a team of 15 experienced professionals and advisors, including Prof. Dr. Barry Sanders, and are actively seeking a CTO to strengthen their technical leadership.
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Their product is a hybrid quantum-secure communication system that utilizes MDI-QKD and PQC to generate secure keys. Designed for scalability and cost-effectiveness, it employs a central hub model, reducing end-node costs by 90% and integrating seamlessly with current telecom networks to provide quantum-safe encryption.
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Quantized Technologies plans to generate revenue through licensing agreements, direct sales of their quantum-secure hardware and software solutions, and offering Quantum-as-a-Service (QaaS) in partnership with telecom companies. Their initial focus is on the telecom and energy sectors, targeting CISOs and CTOs for sales.
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Competitors include established companies like ID Quantique and Toshiba, and startups like Q*Bird. Quantized Technologies differentiates itself by offering a hybrid approach combining MDI-QKD and PQC, providing superior scalability, compatibility with existing infrastructure, and enhanced security features that competitors lack.