Mentioned:
There’s a publicly traded company in Canada that wants to be on the leading edge of preventing cyber attacks that are made possible by quantum computing. And now, they’re fully funded to take their technology to the next level.
What’s happening:
- Quantum computing cybersecurity company Quantum eMotion (TSXV: QNC) has raised $10M CAD in a new equity financing
Why it matters:
- Quantum eMotion is one of the few publicly traded companies in North America who is focused on data protection and quantum-safe algorithms to prevent against future cyber attacks that are powered by leading edge quantum computing technology
Going deeper:
- Quantum eMotion’s flagship technology is a Quantum Random Number Generator that is known as QRNG2 and is built upon electron quantum tunnelling as opposed to photonics
- QRNG2 has also been designed to be compatible with multiple types of devices, including mobile based transactions, networking equipment and even cloud based applications
The intrigue:
- Publicly traded quantum computing companies in Canada have been starting to come into focus lately, with BTQ Technologies (CBOE: BTQ) just recently filing an official application to list onto the Nasdaq
