Quantum Startup in Waterloo Backed by BlackBerry Co-Founder Gets $10 Million

A Canadian startup backed by BlackBerry Ltd. co-founder Mike Lazaridis has raised $10 million to fund further growth.

Silicon Valley venture capital firm Shasta Ventures led the investment round in Isara Corp., which sells encryption technology to protect data from the threat of hackers armed with quantum computers.

The money will fund Isara’s product development, as well as new hires in areas like marketing, sales and business development. The startup expects to have about 60 employees by late 2019, up from roughly 40 now.

Read the full story at bloomberg.com.

Victoria Krisman
Victoria Krisman is Interactive Media Specialist and Communications Manager for the Intelligent Community Forum.
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