QIZ Security Raises $17 Million Seed Round To Advance Post-Quantum Cybersecurity Platform
QIZ Security Raises $17 Million Seed Round To Advance Post-Quantum Cybersecurity Platform
Publish Date: 2026-07-09 15:54:00
Source Domain: pulse2.com
Using an unordered list, summarize the following article with between 4 and 8 key points.
QIZ Security announced it has raised $17 million in seed funding to accelerate the development and expansion of its cryptographic posture and Post-Quantum Cryptography (PQC) management platform. The round was led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital.
The funding will support product development, market expansion, and hiring as organizations prepare for the transition to quantum-safe encryption. As advances in quantum computing threaten to make many of today’s encryption methods obsolete, enterprises are facing increasing pressure to inventory and modernize their cryptographic infrastructure before so-called “Q-Day” arrives.
QIZ’s platform is designed to help organizations continuously discover cryptographic assets, assess risk, prioritize remediation efforts, and manage enterprise-wide migration to post-quantum cryptography. Rather than relying on periodic assessments, the platform provides ongoing visibility and governance across hybrid and complex IT environments to improve crypto-agility.
The company noted that quantum computing could begin compromising current encryption standards as early as 2029, making early preparation essential since migrating enterprise cryptographic environments can take several years. Growing regulatory requirements—including NIST PQC guidance, CNSA 2.0, DORA, NIS2, and PCI DSS—are also increasing the urgency for organizations to establish long-term cryptographic governance.
Founded by cybersecurity veterans Ben Volkow, Lenny Ridel, and Dr. Itan Barmes, QIZ has gained traction across industries including financial services, telecommunications, healthcare, and critical infrastructure. The company has also established strategic partnerships with technology and consulting firms including Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM to help customers accelerate cryptographic discovery, risk assessment, governance, and migration planning.
KEY QUOTES:
“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.”
Ben Volkow, Co-Founder and CEO of QIZ Security
“QIZ is attacking one of the most important and under-addressed cybersecurity problems of the coming decade. QIZ brings unique capabilities that can turn post-quantum readiness from strategy into execution.”
Amit Karp, Partner at Bessemer Venture Partners
“Federal agencies and large enterprises need a practical path to crypto-agility, not just awareness of the quantum threat. QIZ is well positioned to help regulated organizations move from cryptographic uncertainty to actionable readiness.”
Seth Spergel, Managing Partner at Merlin Ventures
“QIZ is entering the market at a pivotal moment. Its combination of deep technical expertise, clear market demand, and a highly execution-focused platform positions the company as a leader in the emerging PQC management category.”
Dorit Dor, Co-Founder at Qbeat Ventures
“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.”
Dr. Itan Barmes, Co-Founder and Chief Strategy Officer of QIZ Security
