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Qrypt

Qrypt

Provides quantum-based data encryption solutions

About

Qrypt provides advanced data encryption solutions that utilize quantum-based techniques to protect data from the threats posed by quantum computing. The main product offered is a software development kit (SDK) that allows developers to easily integrate post-quantum security into their applications. This makes it suitable for a variety of clients, including those in finance, healthcare, government, and technology, who prioritize data security. What sets Qrypt apart from its competitors is its focus on creating a cryptographic solution that can secure data indefinitely, supported by exclusive partnerships and investments in quantum hardware. Additionally, Qrypt provides comprehensive documentation on platforms like GitHub, making it easier for developers to implement their technology. The goal of Qrypt is to ensure data privacy in the quantum era by offering robust security solutions that protect against future threats.

Company Stage

N/A

Employees

11-50

Industries

Data & Analytics, Cybersecurity

Total Funding

$849K

Headquarters

N/A

Founded

2017


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Simplify's Take

What believers are saying

  • Qrypt's partnerships with entities like the Department of Air Force and Los Alamos National Labs validate its technology and open doors to high-profile use cases.
  • The addition of industry veterans to its Board of Advisors strengthens Qrypt's strategic direction and industry credibility.
  • The launch of new solutions like the Cloud Enterprise Portal and Digital Quantum Key Distribution demonstrates Qrypt's commitment to innovation and expanding its product offerings.

What critics are saying

  • The nascent stage of quantum computing means that widespread adoption of Qrypt's solutions may take time, impacting short-term revenue.
  • The highly specialized nature of quantum encryption could limit Qrypt's market to niche segments, potentially constraining growth.

What makes Qrypt unique

  • Qrypt leverages quantum-based encryption techniques to offer post-quantum security, setting it apart from traditional encryption providers.
  • Exclusive partnerships with U.S. National Laboratories and investments in quantum hardware companies give Qrypt a technological edge.
  • The comprehensive and collaborative documentation available on platforms like GitHub ensures ease of integration for developers.

Growth & Insights
Headcount

6 month growth

16%

1 year growth

16%

2 year growth

16%

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