QIZ Security has closed a $17m seed round to help enterprises confront what it describes as one of the decade’s most consequential cybersecurity shifts.
The round was led by Bessemer Venture Partners and Merlin Ventures, joined by Evolution Equity Partners, Qbeat Ventures, Singtel Innov8 and Qino Cyber Capital. The capital will be used to fuel the firm’s expansion, strengthen its product roadmap and grow its market footprint as organisations begin migrating away from encryption that quantum computers could render obsolete.
The timing reflects mounting industry alarm. Major technology names including Google, IBM, Palo Alto Networks and Gartner have cautioned that quantum machines may be able to defeat current encryption as soon as 2029, a moment dubbed Q-Day.
Because migrating sprawling cryptographic estates can take years, and because data intercepted now could be unlocked once such machines arrive, the window for preparation is narrowing fast. Enterprises must first map which cryptography they rely on, where it sits, who is responsible for it and which business systems depend upon it before remediation can even begin.
QIZ positions itself as the answer to that visibility gap. Its platform delivers continuous oversight of cryptographic posture across complex and hybrid enterprise estates, letting organisations instantly locate cryptographic assets, model associated risks and drive remediation across their infrastructure to achieve full crypto-agility. The company describes the product as an end-to-end operating layer for managing enterprise cryptography.
The business was established by Ben Volkow, Lenny Ridel and Dr Itan Barmes, veterans of cybersecurity, enterprise software and post-quantum transformation. Barmes formerly headed Deloitte’s Global Quantum Cyber Readiness Team, advising some of the world’s biggest organisations on quantum-safe strategy.
Momentum is building quickly, according to the firm, which reports early traction in financial services, telecommunications, healthcare and critical infrastructure, alongside engagements with several of the world’s largest brands. It is also assembling an ecosystem of alliances with technology and advisory heavyweights such as Cisco, AWS, Google, CrowdStrike, Deloitte, EY and IBM to support customers through cryptographic discovery, risk assessment, governance and migration planning.
Regulation is adding further impetus, with frameworks including CNSA 2.0, NIST PQC, DORA, NIS2 and PCI DSS compelling organisations to gauge their cryptographic exposure, draw up migration roadmaps and establish durable governance of their cryptographic estates.
QIZ Security co-founder and CEO Ben Volkow said, “Post-quantum readiness is quickly becoming a board-level cybersecurity and business priority. Enterprises cannot migrate what they cannot see, and they cannot manage cryptographic risk through one-time assessments. QIZ gives organizations the continuous control layer they need to understand, govern, and modernize cryptography before Q-Day arrives.”
QIZ Security co-founder and chief strategy officer Dr Itan Barmes said, “Cryptography is everywhere, but in most organizations it is not centrally governed. 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.”
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