Summary: Wultra, a Czech startup specializing in authentication solutions, has raised €3 million (~$3.1 million) in seed funding to enhance its post-quantum technology. The company aims to provide secure authentication methods that can withstand future quantum threats, catering primarily to banks and fintech companies. With plans for expansion into Southeast Asia and the opening of a Singapore office, Wultra is positioned to lead in quantum-resistant security solutions.

Threat Actor: Quantum Threats | quantum threats
Victim: Financial Institutions | financial institutions

Keypoints :

• Wultra provides post-quantum authentication solutions to banks and fintech companies.
• The startup’s technology aims to protect against quantum-level attacks that could compromise traditional cryptography.
• Investment will be used to develop solutions further and expand into new markets, including Southeast Asia.