# CryptoNext Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cryptonext-security

- Industry: IT Security/Cybersecurity
- Headquarters: Paris, France
- Website: www.cryptonext-security.com
- Total disclosed funding: $6.3M
- Latest round: Seed (Feb 5, 2024)
- Investors on record: 3

## About

Founded in 2019 by Jean-Charles Faugere (CTO), and Ludovic Perret, and based in Paris, France, CryptoNext Inc., trading under the name CryptoNext Security, a spin-off from Inria Paris and Sorbonne University, operates as a provider of post-quantum cybersecurity tools and solutions. In February 2024, CryptoNext Security raised EUR 5.80 million in seed funding co-led by AXA Venture Partners and Quantonation, including Auriga Partners. The seed funding values CryptoNext Security at EUR 28.59 million post-money.

CryptoNext offers a comprehensive Quantum Safe Remediation Solution (C-QSR) to navigate the transition to Quantum-Safe Systems and applications securely. The firm builds and offers crypto libraries, protocols, development tools, and application plugins, forming the foundation for C-QSR. The Quantum-Safe Library incorporates Key Exchange Mechanisms (KEM) and Digital Signatures (DS) algorithms, constantly updated for security compliance, side-channel attacks, platform support, language wrappers, and hybridization. The C-QSR Solution ensures performance and optimization, supporting various OS and CPU platforms. CryptoNext emphasizes crypto-agility, hybridization, and adherence to global PQ standards, making them a key player in the evolving post-quantum landscape.

## Funding rounds

- Seed, Feb 5, 2024, $6.3M — Auriga Partners, AXA Venture Partners, Quantonation

## Investors

- Auriga Partners (https://capitalatlas.ai/funds/auriga-partners) — Seed
- AXA Venture Partners (https://capitalatlas.ai/funds/axa-venture-partners) — Seed
- Quantonation (https://capitalatlas.ai/funds/quantonation) — Seed