KETS raised £3.1 million in a funding round co-led by Quantonation and Speedinvest.

KETS, a Bristol, UK-based tech developer of quantum-secured communications solutions, announced the completion of a £3.1 million ($4.4M) fapital funding round.

The money was raised from investors co-led by Quantonation and Speedinvest, and joined by Mustard Seed MAZE.

KETS, founded in 2016 by Caroline Clark, Chris Erven (CEO), Jake Kennard and Philip Sibson, aims to bring quantum-safe chip-based encryption development kits to market to begin guarding critical data from quantum computer attacks. The company develops a range of future-proof, cost-effective technologies for quantum-secured communications and providing protection against quantum security threats, starting with chip-based, quantum-safe encryption development kits.

For example, the technology will enable quantum-safe data centre back-ups to ensure our banking information, which most financial services providers are moving to the cloud, is quantum-safe and secure.  It will also allow telecommunications providers to flexibly and securely control their networks and alert them to new attacks on their systems.

The product is a miniaturised quantum-safe cryptographic hardware in a size, form-factor, and price-point that now makes it commercially interesting to Telcos, Data centres, and Defence & Space, and easily integrated with their systems.

KETS previously raised £2 million in 2018.