Lastwall Raises $16M Series A Extension for Quantum-Resilient Cybersecurity Expansion in Canada
By
Mohamed Abdel-Kareem
Hot, fresh, and worth queueing round the block for.
Summary
Lastwall, a Canadian enterprise cybersecurity company specializing in identity-first authentication and quantum-resilient software, has raised $16 million in a Series A extension funding round. The investment was led by the Business Development Bank of Canada (BDC) through its newly launched $300 million StrongNorth defense-focused equity fund. The funding will be used to expand Lastwall's quantum-resilient cyber defense operations across Canada, addressing growing concerns about quantum computing threats to current encryption standards.
Key quotes
· 1 pulledThe financing loop was led by the Business Development Bank of Canada (BDC) via its newly initialized $300 million defense-relevant equity vehicle, the StrongNorth
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