QUANTUM KEY DISTRIBUTION MARKET ANALYSIS

Market News

• On September 20, 2023, ID Quantique, a Swiss based quantum cyber security company announced that its Quantis QRNG chips had just received NIST ESV certification on the Independent and Identically Distributed (IID) entropy estimation track. This certification offers the highest attainable security and robustness level for the generation of random bits. It makes IDQ’s range of QRNG chips ideal for all security applications and integration into devices for automotive, computing, critical infrastructure, IoT, mobile, and space communications to meet the most stringent security requirements.
• On June 10, 2021, KETS QUANTUM SECURITY LTD., a chip-based solutions company raised a US$ 3.8 million round to bring to market hardware to protect data from a new generation of cyber-attacks that will use quantum computers to break through all existing encryption protections.

New product launches

• In June 2022, Toshiba Digital Solutions Corporation, an integration services and software solution Company launched the SQBM+ cloud service “SQBM+ Cloud on Azure Quantum” for Azure Quantum, a full-stack open cloud quantum computing ecosystem published by Microsoft Corporation. SQBM+ is a quantum-inspired optimization solution2 based on the Simulated Bifurcation Machine that is a combinatorial optimization solver utilizing the Simulated Bifurcation Algorithm 3 developed by Toshiba Digital Solutions Corporation.
• On April 27, 2021, Qunu Labs Private Limited. cybersecurity company announced the launch of a QKD (Quantum Key Distribution) system with a range beyond 100kms and a QRNG (Quantum Random Number Generator) Chips first by any private entity in the country and a handful across the world. This newest milestone by QNu is a key step in the direction of a quantum-safe India.

 Acquisition and Partnerships

• On April 21, 2021, Warpcom, an Iberian ICT company a Swiss-based quantum cyber security company partnered with ID Quantique to launch an offer for quantum networks and make a strong investment in quantum networks. The goal is to position itself as a leading technological integrator through partnerships with leading companies in this sector.
• On June 2023, PacketLight, a leading provider of DWDM and OTN equipment, and ID Quantique (IDQ) a Swiss-based quantum cyber security company, the worldwide leader in Quantum-Safe security solutions, announced joint solutions that will offer Quantum-Safe security to customers who transfer sensitive data and require ultra-secure encryption over their network.

Recent Developments

• On September 20, 2023, ID Quantique, a Swiss based quantum cyber security company announced that its Quantis QRNG chips had just received NIST ESV certification on the Independent and Identically Distributed (IID) entropy estimation track. This certification offers the highest attainable security and robustness level for the generation of random bits. It makes IDQ’s range of QRNG chips ideal for all security applications and integration into devices for automotive, computing, critical infrastructure, IoT, mobile, and space communications to meet the most stringent security requirements.
• On June 10, 2021, KETS QUANTUM SECURITY LTD., a chip-based solutions company raised a US$ 3.8 million round to bring to market hardware to protect data from a new generation of cyber-attacks that will use quantum computers to break through all existing encryption protections.