# QuintessenceLabs Pty.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quintessencelabs-pty

- Industry: IT Security/Cybersecurity
- Headquarters: Canberra, Australia
- Website: www.quintessencelabs.com/
- Total disclosed funding: $16M
- Latest round: Series B (Sep 16, 2021)
- Investors on record: 8

## About

QuintessenceLabs Pty. Ltd. is an Australian firm specializing in quantum cybersecurity solutions, focusing on advanced technology to enhance data security for enterprises and government organizations.QuintessenceLabs manufactures quantum cybersecurity products that strengthen data security for various sectors. Founded in 2008 in Canberra, Australia, the company has completed 12 deals to date. The latest funding round, raising AUD 20 million on March 31, 2025, was led by the National Reconstruction Fund Corporation, bringing the total amount raised to AUD 20 million. The co-founders are Thomas Symul and Vikram Sharma, who currently serves as CEO.QuintessenceLabs specializes in quantum cybersecurity solutions, particularly focusing on Quantum Random Number Generators (QRNG) that employ quantum mechanics for cryptographic processes. Their offerings also include key management solutions such as the Key & Policy Management Platform and Quantum Key Distribution (CV-QKD) system, aimed at securing key exchanges. These products are tailored for enterprises and government clients across global markets, including North America, Europe, and Asia.QuintessenceLabs generates revenue through a structured model involving subscription services and partnerships with enterprise clients. Their advanced products, including the Quantum True Random Number Generator and Quantum Key Distribution systems, are provided under licensing agreements or within comprehensive cybersecurity packages tailored to client needs. The company often engages in B2B transactions and multi-year contracts, reflecting the quality of their advanced technology and services in the quantum cybersecurity sector.In March 2025, QuintessenceLabs raised AUD 20 million in a funding round, which will be utilized to increase manufacturing capacity and expand global operations. The company plans to launch new products to enhance its service offerings and is looking to expand into additional geographic markets to broaden its reach and impact.

## Funding rounds

- Series B, Sep 16, 2021, $16M — TELUS Ventures, Chevron Technology Ventures, InterValley Ventures, Main Sequence Ventures, QuintessenceLabs Pty. Ltd., Csiro, Capital Property Group, IQTI LLC

## Investors

- TELUS Ventures (https://capitalatlas.ai/funds/telus-ventures) — Series B
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series B
- InterValley Ventures (https://capitalatlas.ai/funds/intervalley-ventures) — Series B
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Series B
- QuintessenceLabs Pty. Ltd. — Series B
- Csiro — Series B
- Capital Property Group — Series B
- IQTI LLC — Series B