QIZ Security, the cryptographic posture and Post-Quantum Cryptography (PQC) management platform, has closed a $17m seed round as businesses race to shield their encryption from the looming quantum threat.
The round was led by Bessemer Venture Partners and Merlin Ventures, with Evolution Equity Partners, Qbeat Ventures, Singtel Innov8 and Qino Cyber Capital also taking part. The New York-based firm intends to use the capital to fuel its expansion, deepen product development and strengthen its market position as companies confront the shift away from encryption systems vulnerable to quantum attack.
The backdrop to the raise is a hardening consensus that so-called Q-Day, the point at which quantum machines can crack today’s encryption, may arrive as soon as 2029. Google, IBM, Palo Alto Networks and Gartner have each flagged the danger, and because sensitive information stolen now could be unlocked once such machines exist, and because migrating sprawling cryptographic estates can take years, delay is no longer seen as an option. Organisations first need visibility, knowing which cryptography they run, where it sits, who is responsible for it, which systems rely on it and what to fix first.
QIZ delivers continuous cryptographic posture and PQC management for complex enterprise estates, letting firms instantly locate cryptographic assets, model risk and enforce remediation across hybrid infrastructure to achieve full crypto-agility. It was founded by Ben Volkow, Lenny Ridel and Dr Itan Barmes, the latter having previously headed Deloitte’s Global Quantum Cyber Readiness Team.
The company is gaining ground across financial services, telecommunications, healthcare and critical infrastructure, counting some of the world’s biggest brands as customers, and has assembled partnerships with the likes of Cisco, AWS, Google, CrowdStrike, Deloitte, EY and IBM. The raise also lands amid intensifying regulatory momentum, with frameworks including CNSA 2.0, NIST PQC, DORA, NIS2 and PCI DSS pressing firms to map exposure and build migration roadmaps.
QIZ Security co-founder and CEO Ben Volkow said, “Post-quantum readiness is quickly becoming a board-level cybersecurity and business priority. Enterprises cannot migrate what they cannot see, and they cannot manage cryptographic risk through one-time assessments. QIZ gives organizations the continuous control layer they need to understand, govern, and modernize cryptography before Q-Day arrives.”
QIZ Security co-founder and chief strategy officer Dr Itan Barmes said, “Cryptography is everywhere, but in most organizations it is not centrally governed. The post-quantum transition is forcing enterprises to confront that reality. Our mission is to give them the platform and operational path to become crypto-agile.”
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