Wultra Secures €3M to Protect Financial Institutions from Quantum Threats

Quick Summary:

Czech cybersecurity startup Wultra has raised €3 million from Tensor Ventures, Elevator Ventures, and J&T Ventures to accelerate the development of its post-quantum authentication technology, safeguarding banks and fintech against the coming wave of quantum threats.

Suleiman Arabiat, Principal at Elevator Ventures, comments: "Authentication is a challenging and ever-growing field, and we believe Wultra's solid technology stack and development capabilities address the most critical challenges in securing financial institutions against future threats.

For more information, visit About Elevator Ventures Elevator Ventures is the venture capital fund backed by Raiffeisen Bank International, Raiffeisen-Holding Niederösterreich-Wien, and Raiffeisen-Landesbank Steiermark and manages funds of more than 100m€ to elevate the growth of technology companies in Fintech and Beyond Banking.

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Article Details

Author / Journalist: Wultra

Category: Technology

Markets: ChinaCzech RepublicIsraelLuxembourgOmanSingapore

Topics: Million Security Technology Authentication Ventures Tensor Fund Quantum Solutions Wultra Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 10:40:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1049 words

Reading Time: 6 minutes read

Sentences: 41 lines

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News ID: 25174322

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