Cryptographic security startup PQShield completes $37 million Series B funding

Encryption security start-up PQShield announced the completion of a $37 million Series B financing round, led by Addition, with participation from Braavos Capital, Legal & General, and Chevron Technology Ventures. PQShield's technology aims to protect encryption systems from hacking attacks based on quantum computing, with well-known customers including Nvidia and AMD. It is reported that the new funds will be used to hire more employees and promote closer working relationships with partners and customers.