Aliro Quantum recently announced that Cisco Investments has joined its latest round of funding. Cisco is joining Accenture Ventures and lead investor Flybridge Leaders Fund to invest in Aliro Quantum. With this funding round, Aliro Quantum will increase investments in research and development and expand its go-to-market programs and professional services offerings.
Since the Aliro’s founding and initial round of funding in 2019 to develop the foundational technologies needed for quantum networks, Aliro Quantum filed ten patents that include 124 claims. And it has expanded its leadership, engineering, sales, and marketing teams, tripled its customer engagements, doubled its number of partnerships and increased its sales pipeline by ten times.
Plus, Aliro also launched AliroNet, a comprehensive non-QKD multipurpose entanglement-based secure network solution and is providing the quantum network configuration, control and orchestration for the EPB Quantum Network powered by Qubitekk, America’s first industry-led, commercially available quantum network.
Aliro Quantum has received several prestigious industry awards including being recognized as a quantum innovator in Messe Stuttgart’s First Annual Quantum Effects Awards, Technology Pioneer by the World Economic Forum, gold in the Govies Government Security Awards for Network Security, and three gold-level awards at the 18th Annual Globee Awards for Information Technology. And the company was also recognized with the Hot Company Award from Cyber Defense Magazine’s Global InfoSec Awards, and Aliro Co-Founder and CTO, Dr. Prineha Narang, was named Science Envoy for Quantum Information Science and Technology by the U.S. Secretary of State, one of seven distinguished scientists to serve for 2023.
KEY QUOTES:
“Cisco Investments’ funding provides additional confirmation that entanglement-based multi-purpose quantum networks are the future. We’re excited to put this new relationship to work to grow our customer base, fine tune our products and develop even more use cases for entanglement-based quantum networking.”
– Jim Ricotta, CEO of Aliro Quantum
“Quantum networking is key to the future of secure networking. Through this investment, we are excited to support Aliro in advancing its research and development in this next stage of its growth.”
– Bill Gartner, Senior Vice President and General Manager, Cisco Optical Systems and Optics
