\n<\/p>\n
SINGAPORE –\u00a0Media OutReach<\/a>\u00a0–\u00a030
\u00a0<\/p>\n With quantum cryptography
\u00a0<\/p>\n While the emergence of
\u00a0<\/p>\n SpeQtral is on a
\u00a0<\/p>\n SpeQtral’s QKD
\u00a0<\/p>\n “Secure data communication is foundational to the ‘web
\u00a0<\/p>\n Chune Yang Lum,
\nNovember 2021 –\u00a0SpeQtral<\/a>, an emerging leader in quantum-secure
\ncommunication systems, announced that it has successfully closed a US$8.3 million financing led by Xora Innovation, an
\nearly-stage deep science investment platform of Temasek.<\/p>\n
\nfast becoming mainstream and the Quantum Key Distribution (QKD) market expected
\nto be worth US$20 billion by 2035[1]<\/sup>,
\nthis latest capital injection will allow SpeQtral to strengthen its position as
\na quantum-secure communications company. Specifically, the funds will be used
\nto expand SpeQtral’s regional and international presence, establish strategic
\nbusiness partnerships, hire top talent, support the commercial rollout of
\nterrestrial systems, and further develop its satellite-based systems.<\/p>\n
\nfully functional quantum computers will spur breakthroughs in optimisation
\nproblems for applications across a broad spectrum of industries, it is only a
\nmatter of time before the same computational capabilities are used to break the
\nfundamental cryptographic principles that safeguard today’s data communications
\n\u2013 principally, public key encryption (PKE).<\/p>\n
\nmission to deliver tamper-proof and computationally uncrackable encryption keys,
\nwithin and across global communications networks, securing data against present
\nand future threats brought on by advances in computing. Together with partners,
\nSpeQtral is reinventing cryptography for the quantum age, using satellites in
\nlow earth orbit to secure data networks across the globe. <\/p>\n
\ntechnology solution is a crucial element in building global quantum-secure
\ncommunication networks. QKD uses quantum physics, as opposed to current
\nmathematically based encryption technologies, to distribute symmetric
\nencryption keys that can be used to secure communication networks. By using the
\nlaws of physics to generate the keys rather than mathematical algorithms, SpeQtral’s
\nQKD platform enables the creation and distribution of computationally
\nuncrackable encryption keys. <\/p>\n
\nof trust’ between buyers, sellers, and intermediaries in the modern digital
\neconomy,” said Donna See, CEO of Xora Innovation. “SpeQtral’s QKD technology
\nenables critical solutions for governments and enterprises seeking to ensure
\nthis web of trust in the quantum age. We are very excited to be a part of
\naccelerating SpeQtral’s growth and success.”<\/p>\n
\nCo-founder and CEO of SpeQtral, said “We are honoured to welcome our new investors,
\nXora Innovation and TIS, and are deeply appreciative of the continued support
\nof our original investors who continue to believe in our vision.\u00a0 We feel very fortunate to have investors who
\nare committed to rolling up their sleeves and helping us deliver best-in-class quantum
\ntechnologies to governments, defence agencies, financial services institutions,
\ndata centres, cloud and telecommunication service providers.”<\/p>\n