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QuSecure announced on February 12, 2025, that an additional Series A financing led by Two Bear Capital, with participation from Accenture Ventures, brought its Series A total to $28 million. The company plans to use the funding to develop and expand QuProtect, software designed to help organizations inventory cryptography and manage a transition to post-quantum protections. The announcement did not disclose the new tranche’s size or the company’s valuation.
What QuSecure announced
The financing was an additional Series A round, not a disclosed new $28 million investment. QuSecure and SecurityWeek’s report said the total Series A funding reached $28 million. Two Bear Capital led the financing, and Accenture Ventures participated. The companies did not disclose the latest tranche amount, valuation, investor ownership stakes, or investment terms.
QuSecure said it would put the money toward product development and market expansion, including government, financial services, telecommunications, and critical infrastructure. The announcement also marked co-founder Rebecca Krauthamer’s appointment as CEO. These are developments reported in 2025; the company’s later announcements should be considered separately.
Why post-quantum cryptography is a business problem now
The concern is not that quantum computers are currently breaking all encryption. A sufficiently capable future quantum computer is expected to threaten important public-key systems, including RSA and elliptic-curve cryptography, which are used for tasks such as key establishment and digital signatures. That is different from saying every encryption method faces the same risk.
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One reason organizations are preparing early is the “harvest now, decrypt later” risk: an attacker could collect encrypted information today and try to decrypt it if capable quantum computing becomes available in the future. The risk is most relevant to information that must remain confidential for a long time. Separately, large organizations can take years to discover where cryptography is used, assess dependencies, test replacements, and roll out changes without disrupting services.
This makes cryptographic inventory and crypto-agility valuable capabilities. An inventory helps an organization identify algorithms, certificates, keys, libraries, protocols, and devices in use. Crypto-agility is the ability to change cryptographic algorithms or policies as standards and risk assessments evolve, without having to replace an entire network. QuSecure’s PQC explainer says publicly available evidence does not establish that a quantum computer capable of breaking widespread public-key cryptography currently exists. The business case is preparation for a lengthy transition, not proof of an immediate cryptographic collapse.
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What QuProtect is designed to do
QuSecure markets QuProtect as a software platform for cryptographic discovery, remediation, and reporting. Its current product materials describe three broad functions:
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- Discover: Build a view of cryptographic assets and algorithms across environments such as networks, cloud services, applications, and endpoints. The company says the platform can flag vulnerable, deprecated, or out-of-policy cryptography and support a Cryptographic Bill of Materials (CBOM).
- Remediate: Apply cryptographic changes through a centralized control plane and support migration toward post-quantum algorithms. QuSecure’s pitch is that organizations can make changes without a wholesale “rip-and-replace” infrastructure project.
- Report and govern: Connect inventory and remediation activity to policies and produce posture or compliance reporting for security teams and stakeholders.
Those are vendor-described capabilities, not independent proof that the product works with every system. A buyer still needs to confirm coverage for its specific devices, applications, protocols, cloud services, hardware security modules, certificate authorities, and legacy systems. Discovery can also miss cryptography in embedded equipment, third-party services, proprietary protocols, or unmanaged technology.
QuSecure calls its approach “orchestrated crypto-agility.” A centralized console may make policy and change management easier, but it does not remove the need to test dependencies, plan staged rollouts, and prepare rollback procedures. Any control plane or agent also becomes part of the organization’s operational and security architecture. See the company’s product description and crypto-agility overview for its own positioning.
Standards and government timelines
NIST’s first post-quantum standards include FIPS 203 (ML-KEM) for key establishment and FIPS 204 (ML-DSA) and FIPS 205 (SLH-DSA) for digital signatures, as listed in QuSecure’s technical overview. Using a standardized algorithm is only one part of migration. Organizations also need to address protocols, certificates and public-key infrastructure, application and hardware compatibility, hybrid transition approaches where appropriate, performance testing, and operational governance.
U.S. government efforts to inventory and migrate cryptographic systems have different scopes and timelines. Requirements for National Security Systems, federal agency migration plans, and procurement rules are not interchangeable. QuSecure summarizes milestones including January 1, 2027, for new National Security Systems purchases to meet CNSA 2.0 requirements, and 2030 and 2035 milestones for federal migration. Those dates should not be treated as universal deadlines for private companies; applicability depends on the system, agency, contract, and governing policy. Commercial organizations should determine which rules actually apply to them rather than assume every federal milestone is a private-sector mandate.
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SecurityWeek reported that QuSecure cited customers or deployments involving the U.S. Army, U.S. Air Force, telecommunications companies, financial institutions, and global cloud-service providers. That is a company-attributed traction claim. The available report does not establish the deployment scope, contract value, production status, or whether each engagement was a pilot, research project, or broad operational installation. It also does not constitute government endorsement or independent validation.
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In March 2026, QuSecure announced a collaboration with the National Cybersecurity Center of Excellence migration consortium; the announcement is available in the company’s newsroom. The company also published a case study describing a Banco Sabadell and Accenture banking deployment in a proposed financial-infrastructure framework. That is a company-reported deployment, not evidence of regulatory endorsement; see QuSecure’s announcement.
What the funding does—and does not—show
The round demonstrates that Two Bear Capital and Accenture Ventures backed QuSecure’s growth plans. Accenture’s participation may offer strategic-market connections, but the disclosed investment alone does not establish a distribution agreement, guarantee customer adoption, or independently validate the technology.
Nor does funding prove product superiority, universal compatibility, certification, revenue, valuation, or full-scale deployment at named customers. QuProtect is best understood as an enterprise and government product to evaluate against an organization’s own systems—not a plug-and-play consumer security purchase. The company presents a demo- and contact-led buying path, and the reviewed sources do not provide public list pricing.
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Before evaluating any PQC migration platform, establish the organization’s cryptographic inventory and identify high-value data and systems first. Then ask vendors:
- Which assets, algorithms, certificates, keys, libraries, protocols, and dependencies can the platform actually discover in our environment?
- Can the inventory be exported, kept current, and mapped to business applications and risk priorities?
- Which NIST-standardized algorithms, hybrid modes, certificate workflows, and systems are supported today?
- What changes require agents, gateways, proxies, code changes, or replacement hardware?
- What are the measured effects on latency, bandwidth, CPU, memory, certificate size, and constrained devices in our use cases?
- How are changes staged, monitored, reversed, and rolled back if an application or partner system fails?
- What independent security assessments, deployment references, and evidence support the vendor’s claims for our exact stack?
- What are the licensing, integration, support, and implementation costs, and what is the exit plan if we later change platforms?
Finding cryptography is the beginning of migration, not its completion. A platform may help coordinate that work, but buyers still need a risk-based plan, system-owner participation, compatibility testing, and clear governance.
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