Post-quantum cryptography management platform QIZ Security has completed a $17 million seed round financing, led by Bessemer Venture Partners and Merlin Ventures

According to PR Newswire, QIZ Security announced the completion of a $17 million seed round financing, led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, Qino Cyber Capital, and others.

The company positions itself as a management platform for crypto assets and post-quantum cryptography (PQC), providing continuous crypto asset discovery, risk modeling, and governance, helping large clients in finance, telecommunications, healthcare, and critical infrastructure achieve "crypto agility" to address the risk of "Q-Day," when quantum computing capable of breaking existing encryption systems may emerge as early as 2029, and collaborates with Cisco, AWS, Google, CrowdStrike, Deloitte, EY, IBM, and others to promote enterprise quantum security migration planning.