C

Cryptonext Security

Quantum-safe cryptography migration tools provider

Overview

CryptoNext Security provides post-quantum cybersecurity tools to shield data and systems from quantum computer threats. It focuses on Quantum Safe Remediation (C-QSR) to help clients migrate to quantum-safe cryptography across applications, data, and infrastructure. Its product suite, built on the C-QSL core library, includes the QSL Library (algorithms), QSC Services (protocols and crypto objects), C-QST Tools (development tools), and application plugins. The tools work together to support multi-layer migration, addressing different functions, use cases, and regulatory requirements in an ecosystem of standards rather than a single approach. The company’s goal is to help customers transition smoothly to quantum-safe systems and protect data with ultimate post-quantum security and performance.

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About Cryptonext Security

Simplify's Rating
Why Cryptonext Security is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & AnalyticsConsultingEnterprise SoftwareCybersecurity

Company Size

11-50

Company Stage

Early VC

Total Funding

$12.1M

Headquarters

Paris, France

Founded

2019

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Simplify's take

What believers are saying

  • 2026 NIST IR 8547 makes 2030 migration urgent for sensitive federal and regulated systems.
  • Banque de France, Allianz, and Singapore references validate demand from institutions with long data horizons.
  • 2026 CAVP certification for all three standardized PQC algorithms strengthens trust versus weaker competitors.

What critics are saying

  • 33 employees and roughly €11M total funding limit enterprise sales, support, and R&D scale.
  • NIST's 2030 migration deadline compresses deals; slower adoption leaves CryptoNext sidelined by integrators.
  • Thales, Entrust, and open-source PQC tooling can commoditize remediation, threatening CryptoNext's survival.

What makes Cryptonext Security unique

  • 2026-09-10 Discovery On Demand quantifies cryptography in two weeks for DORA readiness.
  • CryptoNext uniquely sells post-quantum remediation, not just algorithms, across inventory, migration, and operations.
  • 2026-04 ProvenRun integration embeds CryptoNext PQC into ProvenHSM for long-lived embedded systems.

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Funding

Total Funding

$12.1M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison Coming Soon

Benefits

  • Remote Work Options
  • Hybrid Work Options

Growth & Insights and Company News

6 month growth

-3%

1 year growth

-3%

2 year growth

0%
Quantum Zeitgeist
Dec 20th, 2023
CryptoNext Security Secures €11M for Quantum-Resistant Cybersecurity Solutions Expansion

CryptoNext Security secures 11M€ funding for Quantum Safe Remediation Solutions.

The Quantum Insider
Dec 18th, 2023
CryptoNext Security Raises €11 Million to Reinforce Leadership in Post-Quantum Cryptography Remediation Solutions And Accelerate International Expansion

CryptoNext Security, pioneering a new era in quantum computer resistant cryptography remediation technology and management solutions, today announces it has raised 11 Million euros funding round, led by AVP (AXA Venture Partners) and Quantonation, with participation from Auriga Cyber Ventures.

ID Quantique
Jul 7th, 2022
ID Quantique SA partners with Cryptonext Security

“ID Quantique SA is delighted to team with CryptoNext Security, a recognized leader in Post-Quantum Cryptography to leverage its market leading QRNG chip integrated into smart phones and offer its customers the most secure messaging application.”

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