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PI Physik Instrumente - Fast Steering LB LW 11/24

Quantum Optics Jena Lands $9.4M in Funding

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Quantum technology startup Quantum Optics Jena (QOJ) has closed an €8.5 million (~$9.4 million) Series A funding round. The funds will be used to fuel QOJ’s expansion and accelerate the commercialization of its quantum key distribution technology. QOJ is utilizing entangled photon pairs for tap-proof communication. The photons generate a 'key' which is used to encrypt and decrypt data — a method known as entanglement-based key distribution (EKD). With this approach, multiple users can securely communicate at the same time by using the generated quantum keys. QOJ...Read full article

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    Published: September 2024
    Glossary
    quantum key distribution
    Quantum key distribution (QKD) is a method of secure communication that utilizes principles from quantum mechanics to establish a shared secret key between two parties, typically referred to as Alice and Bob, while detecting any potential eavesdropping attempts by a third party, commonly known as Eve. The fundamental principle behind QKD is the use of quantum properties, such as the superposition principle and the no-cloning theorem, to enable the distribution of cryptographic keys in a...
    quantum
    The term quantum refers to the fundamental unit or discrete amount of a physical quantity involved in interactions at the atomic and subatomic scales. It originates from quantum theory, a branch of physics that emerged in the early 20th century to explain phenomena observed on very small scales, where classical physics fails to provide accurate explanations. In the context of quantum theory, several key concepts are associated with the term quantum: Quantum mechanics: This is the branch of...
    Businessfundingquantum key distributionQKDentanglement-based key distributionEKDQuantum Optics JenasecuritycybersecuritystartupquantumGermanySeries Afunding roundEuropeQOJFiber Optics & CommunicationsCommunicationsIndustry News

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