QIZ Security has raised $17 million in seed funding to enhance its post-quantum cryptography management platform. The platform aims to enable organizations to govern encryption across various environments and prepare for quantum computing risks.
QIZ Security, an Israeli startup, announced a successful seed funding round, raising $17 million. The funding was led by Bessemer Venture Partners and Merlin Ventures, along with other notable investors. This capital will be utilized to accelerate the growth and improvement of their cryptographic governance platform.
The platform developed by QIZ Security aims to help organizations manage encryption across on-premises, cloud, and hybrid environments. It continuously discovers cryptographic assets and maps their connections to business systems. Additionally, it flags potential security issues, including outdated protocols and encryption gaps.
QIZ's platform not only identifies weaknesses in encryption but also ranks them based on severity and business impact. It generates a prioritized remediation plan to address these issues. The system relies on API-based integrations, which allows for seamless collaboration between CISOs, compliance teams, and application owners.
QIZ Security’s approach also focuses on preparing organizations for emerging threats related to quantum computing. As quantum computing advances, the risk posed to existing cryptographic practices increases. CEO Ben Volkow emphasized that understanding and governing cryptographic risk is vital for enterprises.
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QIZ Security has raised $17 million in seed funding to enhance its post-quantum cryptography management platform. The platform aims to enable organizations to govern encryption across various environments and prepare for quantum computing risks.