PQShield an encryption security startup secures 37 million in Series B funding

UK-based cybersecurity startup PQShield has announced the completion of a $37 million Series B funding round led by Addition. Other participants in the round include Braavos Capital, Legal & General, and Chevron Technology Ventures. PQShield’s technology aims to protect encryption systems from quantum computer-based hacking attacks. The company counts Nvidia and AMD among its renowned clients. The newly acquired funds will be used to expand the workforce and foster stronger working relationships with partners and customers.