Aliro Quantum recently announced it has secured new funding from top-tier venture capital firms, including Accenture Ventures and lead investor Leaders Fund. The funding round will enable Aliro Quantum to boost its ability to help utility companies, telecommunications providers, public sector organizations, enterprises, researchers, etc., to design and deploy multipurpose entanglement-based secure networks. Aliro Quantum plans to increase research and development funding and expand its go-to-market programs and professional services offerings.
Since Aliro Quantum’s founding and initial round of funding in 2019 to develop the foundational technologies needed for quantum networks, the company has 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. Aliro also launched AliroNet, a comprehensive non-QKD multipurpose entanglement-based secure network solution, and it is providing the quantum network configuration, control, and orchestration for the EPB Quantum Network powered by Qubitekk (America’s first industry-led and commercially available quantum network).
Aliro Quantum also received several prestigious industry awards, including 2022 Technology Pioneer by the World Economic Forum, gold in the 2023 Govies Government Security Awards for Network Security, and three gold-level awards at the 18th Annual 2023 Globee Awards for Information Technology. And the company was also recognized with the Hot Company Award from Cyber Defense Magazine’s 2023 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.
Aliro Quantum (The Quantum Networking Company) offers AliroNet to emulate, pilot, and deploy entanglement-based quantum networks capable of running a wide variety of applications, from secure communications to clustered quantum computing and distributed quantum sensing. Aliro (spun out of NarangLab at Harvard University) includes world-class experts in quantum and classical networking and is leading the charge in quantum network development by offering the foundational technologies needed for organizations worldwide to build scalable and powerful distributed quantum systems. AliroNet users include utility companies, telecommunications providers, public sector organizations, enterprises, and researchers who are simulating, designing, piloting, orchestrating, and building the world’s first entanglement-based quantum networks.
KEY QUOTES:
“The speed and security of quantum networking means that its impact on everything from telecommunications to cybersecurity to research will be more transformative and impactful than anything we can dream of today. We will continue to support Aliro as the company moves towards its mission to build the world’s first scalable quantum networks.”
- Tom Lounibos, managing director, Accenture Ventures
“Investments by Accenture and Leaders Fund provide true validation that entanglement-based multi-purpose quantum networks are the way to go. We’re excited to put these new partnerships 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
“I am deeply grateful for the confidence and trust placed in our team by industry leaders such as Accenture and Leaders Fund. This additional funding reinforces the significance that quantum networking has in shaping the future of secure communications and validates our approach to designing and building scalable and commercial entanglement-based quantum networks. We are excited to use this capital infusion to propel our business growth, nurture strategic partnerships, and drive innovation in quantum information science.”
- Dr. Prineha Narang, Founder and CTO with Aliro Quantum
