Cottonwood Technology Fund invests in cybersecurity startupĀ Q*Bird
News Articles | Press Releases

Cottonwood Technology Fund invests in cybersecurity startupĀ Q*Bird

Cyber securityĀ startup Q*Bird has raised a ā‚¬ 2.5 million round to accelerate its growth in the existing data communication market and the emerging quantum security market.

The funding was jointly led byĀ Cottonwood Technology FundĀ andĀ QDNL Participations, with participation from InnovationQuarter.

Q*Bird has developed a unique quantum cryptography (QKD) product called Falqon, which is based on the fundamental laws of nature and provides provable security against any attack, including those from future quantum computers.

Founded in January 2022, Q*Birdā€™s goal is to protect data communications and digital infrastructure, using patented technology that outperforms the competition on security and cost. Whatā€™s more, the startupā€™s technology provides secure foundations for the future ā€˜quantum internetā€™, which will see quantum computers connecting over long distances around the world.

Q*Bird is currently involved in a large-scale trial of its technology at the Port of Rotterdam, a key part of the European trade economy. It already secured a launching customer for Falqon, and their product line is due to officially launch later in this year. In addition, it has already signed three other contracts to deploy quantum networks across Europe and partnered with Eurofiber to enhance the security of its networks and its customers.

ā€œMy vision for Q*Bird is to become the largest supplier of quantum networking equipment in Europe, US, and beyond,ā€ says co-founder and CEO Ingrid Romijn. ā€œToday, we build devices for quantum-secured data communications. In the future, we will enable general purpose quantum connectivity, by providing new products and seamlessly integrating those with our already existing quantum cryptography network.ā€

Compared to other quantum security companies, Q*Bird offers superior upgradability and scalability, with a lower cost per additional user once the technology is in place. The fresh funding will be used to scale up sales of Falqon, and develop further products in the quantum security space.

ā€œWe are thrilled to back this pioneering quantum cybersecurity company that is at the forefront of developing cutting-edge solutions to safeguard data and systems against emerging threats. The untappable solution of Q*Bird will dramatically change the cybersecurity world,ā€ said Alain le Loux, General Partner at Cottonwood Technology Fund.

Ton van ā€™t Noordende, General Partner at lead investor QDNL Participations, said ā€œWe commend Q*Bird for their groundbreaking quantum secure networking technology. There is growing recognition in todayā€™s world that digital information transfer is not definitely secure, particularly in a post-quantum era. Q*Birdā€™s technology sets itself apart from existing post-quantum cryptography technologies by providing inherent security that is effectively untappable. Weā€™re thrilled to back them in their mission to become a leading global quantum security company.ā€

Erik van der Zant, Head of Investments at InnovationQuarter: ā€œQ*Bird not only builds up critical IP in quantum communication in the region of South Holland, but the company will also further help strengthen the cyber resilience of some of the most critical infrastructure in the Netherlands and Europe such as the Port of Rotterdam.ā€

 

 

 

Sencure
ā˜†ā˜†ā˜†ā˜†ā˜†
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they ...
...Read More
Jurryt Vellinga, CEO
Sencure BV
ā˜†ā˜†ā˜†ā˜†ā˜†
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they brought in already 8 corporates as potential customer. We are surprised every time about their extensive entrepreneurial mindset, business experience and global network of Cottonwood. They have been very smart people and 24/7 supportive.
Sencure
Jurryt Vellinga, CEO
Sencure BV
BayoTech
ā˜†ā˜†ā˜†ā˜†ā˜†
We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention ...
...Read More
Justin Eisenbach, President and CEO
Bayotech Corp
ā˜†ā˜†ā˜†ā˜†ā˜†
We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention from other capital providers. Cottonwood has been a real catalyst, beyond their money, to upgrading our management team, opening doors to potential strategic investors and customers and focusing on our market entry strategy. Cottonwood has been a great partner in driving our success in every area. I truly believe they wake up every day looking for ways and ideas that can support our success.
BayoTech
Justin Eisenbach, President and CEO
Bayotech Corp
Skorpios Technologies, Inc.
ā˜†ā˜†ā˜†ā˜†ā˜†
Cottonwood began working with me a year before they closed their first fund. Even though they werenā€™t initially in a position to invest they...
...Read More
Steve Krasulick, President & CEO
Skorpios Technologies
ā˜†ā˜†ā˜†ā˜†ā˜†
Cottonwood began working with me a year before they closed their first fund. Even though they werenā€™t initially in a position to invest they still opened doors to potential investors and customers, and assisted with the fund raising strategy and execution plan. Once their fund was closed they took an aggressive lead role in pulling together our first round and helping us launch the company. Now after having raised almost $150M they continue to support our growth, provide valuable advice and open doors to additional resources as we need them. We have been fortunate to have Cottonwood as a partner in building our company.
Skorpios Technologies, Inc.
Steve Krasulick, President & CEO
Skorpios Technologies