Cookie Consent by Free Privacy Policy Generator
Search
Close this search box.
Search
Close this search box.

UK Start-up AegiQ Secures £1.4 Million to Develop Secure Quantum Communications

AegiQ Ceo Max Sich
AegiQ Ceo Max Sich
A UK quantum photonics start-up has announced that it has secured a total of £1.4 million in funding from Innovate UK to develop secure quantum communications for fibre-optic and satellite based applications, according to AegiQ CEO Mach Sich.

AegiQ, the UK quantum photonics start-up, has today announced that it has secured a total of £1.4 million — about $1.8 million U.S. — in funding from Innovate UK to develop secure quantum communications for fibre-optic and satellite based applications. AegiQ will join a global pilot project to provide scalable, high-performing semiconductor technology for next generation telecoms.

AegiQ has been awarded Innovate UK funding as part of a consortium of companies. It will
build  communication infrastructure resistant to hacking by new quantum methods. The start-up is also championing the use and development of quantum photonic technologies. Led by CEO and co-founder Max Sich, AegiQ is a spin-out of the University of Sheffield and part of the UK government’s £70m funding initiative to secure the UK’s position as a world-leader in quantum technology.

Quantum cryptography is viewed as the key to future-proofing security by the telecoms industry, by addressing advances in quantum computing which make traditional messaging
encryption methods vulnerable to attacks. The UK National Quantum Technologies Programme expects “Quantum technologies to lead to major advances in […] the finance,
defense, aerospace, energy, infrastructure and telecommunications sectors.”

AegiQ is the leading company developing III-V semiconductor-based quantum photonics
(manufacturing chips using elements such as Gallium, Indium and Arsenic rather than
traditional Silicon), which is accepted as a far superior method in terms of reliability and
security, and leverages existing industrial processing techniques. The company, which is
part of this year’s Creative Destruction Lab’s Quantum Stream cohort, has also been named one of the Quantum Computing Hardware Companies Building the Future.

“Existing software-based encryption of telecom networks is vulnerable to quantum attack,” said Scott Dufferwiel, AegiQ’s CTO. “The risks are losing control of our communications and being faced with massively compromised security from quantum hackers. With the rise of quantum computing, standard encryption methods are no longer fit for purpose. A wide range of industries will require these quantum solutions in the near term.”

Sich added: “Thousands of AegiQ systems will be required in each data centre around the world, as they transition to using quantum technologies for communication and cloud computing. Deploying our scalable technology with mass production capabilities into
initiatives like this project will position the UK as a world-leader in manufacturing quantum
communications.”

AegiQ is currently raising its seed round of investment. The Innovate UK funding will also enable AegiQ to invest in the further R&D and production of its technology, which underpin technology used in areas such as quantum communications, quantum sensing and information processing.

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Jake Vikoren

Jake Vikoren

Company Speaker

Deep Prasad

Deep Prasad

Company Speaker

Araceli Venegas

Araceli Venegas

Company Speaker

Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

Share this article:

Relevant

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Jake Vikoren

Jake Vikoren

Company Speaker

Deep Prasad

Deep Prasad

Company Speaker

Araceli Venegas

Araceli Venegas

Company Speaker

Keep track of everything going on in the Quantum Technology Market.

In one place.

Related Articles

Explore our intelligence solutions

Join Our Newsletter