QIZ Security Raises $17M in Seed Funding Led by Merlin Ventures

The round also saw participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital.

The company will use the funding to support its rapid growth, enhance product development, and expand its market presence.

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Quantum computing is expected to change the security of today's encryption, which protects financial systems, communications, digital identities, cloud infrastructure, supply chains, and other critical services. As quantum technology advances, experts warn that current encryption methods could become vulnerable.

Companies including Google, IBM, and Palo Alto Networks, along with Gartner, have warned that this "Q-Day" could arrive as early as 2029. Because upgrading security systems takes years, organizations are being encouraged to start preparing now rather than wait until the threat becomes a reality.

QIZ helps organizations manage their encryption and prepare for the shift to post-quantum cryptography (PQC). Its platform automatically identifies cryptographic assets, assesses security risks and helps organizations update and manage encryption across their systems, making it easier to adopt quantum safe security.

QIZ is quickly becoming a leading company in the post-quantum security market. It has gained strong adoption across industries such as financial services, telecommunications, healthcare, and critical infrastructure, and already works with some of the world's largest organizations.

"QIZ is entering the market at a pivotal moment," said Dorit Dor, Co-Founder at Qbeat Ventures. "Its combination of deep technical expertise, clear market demand, and a highly execution focused platform positions the company as a leader in the emerging PQC management category."

"Cryptography is everywhere, but in most organizations it is not centrally governed," said Dr. Itan Barmes, Co-Founder and Chief Strategy Officer of QIZ Security. "The post-quantum transition is forcing enterprises to confront that reality. Our mission is to give them the platform and operational path to become crypto-agile."

"QIZ is attacking one of the most important and under-addressed cybersecurity problems of the coming decade," said Amit Karp, Partner at Bessemer Venture Partners. "QIZ brings unique capabilities that can turn post-quantum readiness from strategy into execution."

About QIZ Security

Founded in 2025 by Ben Volkow, Lenny Ridel and Itan Barmes, QIZ Security helps organizations prepare for the transition to post-quantum cryptography. Its platform provides tools for discovering, managing, monitoring and updating cryptographic assets, helping businesses strengthen security, and achieve crypto agility.

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