CyberRidge, a startup from Israel that is developing photonic-encryption technology, has raised US$16 million in a series A funding round that was backed by Arkin, Redseed VC and Elron Ventures, as well as a grant from the European Innovation Council.
Founded in 2022 by Professor Dan Sadot with his team, the company claims that its hardware-based data security system converts any data into optical noise encryption, building it impossible to intercept or decrypt, even for quantum computers.
Organizations in Europe, Singapore and Australia are testing the company’s technology, along with a unit of the Israeli military.
Key Highlights
- CyberRidge raises US$16 million Series A funding to advance its breakthrough photonic-encryption technology for next-generation cybersecurity.
- The Israeli cybersecurity startup develops a hardware-based encryption system that converts data into optical noise, resistant even to quantum decryption.
- Global organizations across Europe, Singapore, and Australia are testing CyberRidge’s innovation as the company expands its international footprint.
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The company employs about 20 people in Israel and a few more in the USA and Switzerland.
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The startup also previously raised US$10 million from Awz, a Canadian-Israeli investment group, and is currently undergoing dramatic management modifys after the funding round.
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