An Ottawa security company says it has successfully tested its quantum key distribution technology over long distances on the internet in preparation for the commercial launch of products later this year. Quantropi Inc. said it had securely sent huge volumes of random numbers called quantum entropy over conventional and high-speed internet networks as far away as Singapore with what it believes are unprecedented speeds.
Summary: Quantropi announced today the impressive results of a high-profile demonstration of its patented technology. A portion of the demonstration was enabled by CANARIE, the federal partner in Canada’s National Research and Education Network (NREN), and its Alberta partner in the NREN, Cybera. CANARIE’s participation in the demonstration leveraged existing network infrastructure to support Quantropi’s solution and the evolution of the Canadian quantum ecosystem.
“Innovators are also starting to investigate developing quantum secure communication solutions. Innovator Quantropi was founded in 2018 to develop quantum secure communications services using ultra-high-entropy quantum keys.”
Cybersecurity disrupter appoints former Accenture Ventures Managing Director with exceptional take-to-market track record, prepares breakthrough product launches, eyes hyper-growth. Quantropi today announced the appointment of Michael Redding as Chief Technology Officer. In his new role, Mr. Redding will oversee Product Strategy, Engineering, Research and Development and Customer Support.
“We’ve developed the world’s first cloud-based platform for digital quantum key distribution over the internet,” Nguyen says. “We’ve been able to prove — with a partnership with McGill — that we’re a hundred thousand times faster than existing quantum key distribution systems.”
In this episode of TechFirst I chat with Quantropi CEO James Nguyen, who has built the world’s first non-photonic quantum key distribution over the Internet. He says that quantum computing is the next foundation of computing, period. And functioning, fast cryptography will open up our ability to use it, just like the internet unlocked PCs in the 90s.
The BOBs, as the annual honours have come to be known, are an annual celebration of the most accomplished businesses and executives in Ottawa’s National Capital Region. The awards are a joint initiative of the Ottawa Business Journal and the Ottawa Board of Trade with support from dozens of sponsors, including Telfer School of Management.
Quantropi is pleased and honoured to have been selected as a finalist for the Falling Walls Breakthrough of the Year 2020 in the category Science Start-Ups. CSO & Co-founder Dr. Randy Kuang describes the breakthrough in question as “breaking the wall between our increasingly vulnerable classical internet and the coming secure quantum internet.”
Quantropi recently announced that the company will be part of IEEE Quantum Week 2020, a prestigious annual industry event. IEEE Quantum Week (QCE20, October 12-16, 2020) brings together some of the world’s leading quantum scientists and engineers with other stakeholders to discuss challenges and opportunities in the fast-growing quantum industry. The international conference also showcases recent progress achieved in quantum research, applications, practices, standardization and education.
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Eric Chan a.k.a. EEPMON is a Crypto / Digital Artist with 15 years in the industry – and Quantropi’s Creative Emissary. His hybrid fractal/digital creations have been seen in fashion, comics to museums and has exhibited worldwide. EEPMON’s collaborations include Canada Goose, MARVEL, Snoopy, Microsoft Xbox, Canada Science & Technology Museum and was a TEDx performing artist. In 2018 he represented Canada on its first Creative Industries Trade Mission led by Canada’s Minister of Heritage and serves on the Canadian Museums Association‘s Board of Directors. At the same time, he is currently completing his Master of Information Technology – Digital Media at Carleton University.
Before joining Quantropi, Mike was Managing Director and co-founder of Accenture Ventures, where he grew a global portfolio of strategic partnerships and 38 equity investments in emerging technology startups.
During his nearly 30 years with Accenture, he incubated and launched technology innovations for enterprises across multiple geographies and industries. Ever-passionate about bold ideas with game-changing results, he speaks frequently on the impact of emerging technology on large organizations.
With a bachelor’s degree in Electrical Engineering and Computer Science from Princeton, and a Master’s in Biomedical Engineering from Northwestern, Mike is a former member of the Board of Directors for the Accenture Foundation and Board Observer for startups Maana and Splice Machine.
Cory brings a breadth of experience to the Quantropi team, working fractionally with multiple SaaS technology companies as CFO, and as the CFO with Celtic House Venture Partners. Prior to these roles, Cory was CFO and COO at Solink, and played a lead role in the metrics-led pivot to a direct-sales SaaS model, followed by multiple VC-backed funding rounds and their recognition as one of the fastest growing start-ups in Canada. He qualified as a CPA while serving technology, VC & PE-fund clients at Deloitte, and earned his Bachelor of Commerce at Queen’s University.
Randy holds a doctorate in quantum physics. His research findings have been published in top international journals and named “Kuang’s semi-classical formalism” by NASA in 2012. With a career spanning IT, including with Nortel as senior network researcher & developer, he co-founded inBay Technologies in 2009, serving as CTO of the cybersecurity platform. As the first recipient of a patent for two-level authentication (2011), Randy is a prolific inventor, with 30+ U.S. patents in broad technology fields, such as WiMAX, optical networks, multi-factor identity authentication, transaction authorization, as well as concepts, technologies and industrial applications for quantum key distribution.