Czech cybersecurity startup Wultra raises €3m to combat quantum threats

Czech cybersecurity startup Wultra raises €3m to combat quantum threats

Czech cybersecurity firm Wultra, known for its advanced post-quantum authentication solutions, has raised €3m in a Seed+ funding round.

The funding round was led by Tensor Ventures, with co-leadership from Elevator Ventures, the venture capital arm of Raiffeisen Bank International. Returning investor J&T Ventures also participated.

Wultra develops mobile-first software and hardware authentication solutions designed to provide robust security against quantum-level attacks. Trusted by major European financial institutions like Raiffeisen Bank International, Erste Digital, and OTP Bank, the company’s tools combine quantum-resistant cryptography with ease of deployment.

The fresh funding will be used to expand Wultra’s post-quantum authentication capabilities and accelerate its global presence.

Wultra’s CEO and founder Petr Dvořák said, “Southeast Asia is becoming a key market for us. The region’s financial sector is evolving rapidly, and post-quantum authentication is becoming a priority. By next year, we aim to establish a physical presence to support our expanding client base.”

Tensor Ventures co-founder Martin Drdul highlighted the importance of Wultra’s innovation, stating, “Wultra has cutting-edge technology that solves the nightmare of every banker in the world.”

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