What Quantropi does

Quantropi Inc. is an Ottawa-based, venture-backed cybersecurity company founded in 2018 by James Nguyen and Dr. Randy Kuang that develops post-quantum and quantum-secure cryptography for enterprise, government, defense, and IoT customers. Its flagship offering is the QiSpace hybrid SaaS platform, which delivers a TrUE (Trust, Uncertainty, Entropy) suite of three proprietary technologies: MASQ asymmetric encryption with the smallest public-key and signature sizes of any NIST PQC candidate, QEEP symmetric encryption up to 18x faster than AES-256 at less than 10% power consumption, and SEQUR quantum entropy services including Digital QKD (D-QKD) that distributes quantum-secure keys over existing IP networks at 130-190 Mbps over 4,000-15,000 km. Quantropi monetizes through enterprise SaaS subscriptions, technology licensing and OEM integration (STMicroelectronics, Renesas, Cypherbridge uLoadXLQ), professional services, and an exclusive North America/NATO distribution agreement for HIMERA tactical radios.

Quantropi sells primarily via direct enterprise field sales into telecommunications carriers, defense and government agencies, and critical infrastructure operators, supplemented by channel and OEM partnerships with Nokia (carrier-grade D-QKD), Palo Alto Networks (QRNG Open API Framework and approved partner solution), and major IoT silicon vendors. Customers and adopters include telecom carriers, defense organizations, critical infrastructure operators, Numana's Kirq quantum communication testbed (funded by the governments of Canada and Quebec), HIMERA radios used by Ukraine's Defence Forces, and a U.S. Air Force Research Laboratory HIMERA deployment. The company holds 8 granted patents across the US, Canada, Australia, and China with 10 additional patents pending, has published 20 peer-reviewed papers, and is a NATO Approved Supplier.

Quantropi is pursuing a public listing through a binding letter agreement with Mandeville Ventures Inc. announced in December 2025 (with timeline extended into 2026) for a Qualifying Transaction on the TSX Venture Exchange, accompanied by a US$2 million private placement. The company has raised over CA$12 million in seed funding plus subsequent smaller rounds from NATO DIANA and other investors, and has been recognized with the Deloitte Technology Fast 50 Award (2022) and Canada's Best Private Board (2024). Pricing is quote-based enterprise with a 60-day free trial of the QiSpace PQC platform.

Name

Quantropi

Legal name

Quantropi Inc.

Website

https://quantropi.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Quantropi Inc. is an Ottawa-based post-quantum cryptography company that sells the QiSpace platform (MASQ, QEEP, SEQUR) and D-QKD solutions to telecom, defense, government, critical infrastructure, and IoT customers via enterprise SaaS, OEM licensing, and channel partnerships with Nokia, Palo Alto Networks, STMicroelectronics, Renesas, and HIMERA.

Ownership category

akta.pro rank

Product category

Quantum-Secure Cryptography Software

NAICS

Software Publishers (5132), Computer Systems Design and Related Services (54151)

akta.pro primary industry

Quantum-Safe Identity, Authentication & Digital Signatures (HDAGAGAG)

akta.pro secondary industries

Quantum-Safe Secure Messaging & Data-in-Transit Protection (HDAGAGAH), Quantum-Secure Network & Transport Encryption (VPN/TLS/IPsec/MACsec) (HDAGAGAF), Quantum Cryptography & Post-Quantum/Quantum-Safe Security Research (HDAGAMAI)

Keywords

• Quantum-secure cryptography
• Post-quantum encryption
• Digital quantum key distribution
• Quantum entropy services
• IoT secure boot

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. QiSpace Platform SaaS Subscriptions: Quantropi operates a hybrid SaaS model through its QiSpace platform, providing quantum-secure cryptographic functions (MASQ asymmetric encryption, QEEP symmetric encryption, SEQUR quantum entropy) on a subscription basis. Customers can access quantum-secure asymmetric encryption for key encapsulation and digital signatures, symmetric encryption for networks and data, and Quantum Entropy as a Service (QEaaS).
2. Technology Licensing and OEM Integration: Quantropi licenses its TrUE quantum-secure technologies to OEMs and technology partners for integration into their products. Partnerships with STMicroelectronics, Renesas, and Cypherbridge Systems involve embedding Quantropi's quantum security capabilities into IoT chipsets and embedded systems platforms. The company also offers white-label and embedded solutions through these OEM partnerships.
3. Professional Services and Custom Implementation: Quantropi provides professional services for the implementation and integration of quantum-secure cryptographic solutions into customer environments. Given the complexity of quantum security transitions, the company offers assessment, integration, and deployment support alongside its SaaS platform.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Quantropi provides a hybrid SaaS quantum-secure cryptography platform called QiSpace that delivers three core cryptographic functions: MASQ asymmetric encryption, QEEP symmetric encryption, and SEQUR quantum entropy services (including Digital QKD). The platform enables enterprises to protect data, IoT devices, and communications against current and quantum-enabled threats (Harvest Now, Decrypt Later) over existing IP networks without requiring proprietary hardware.

Product overview

Quantropi offers a platform-plus-modules product architecture anchored by the QiSpace hybrid SaaS platform, which provides a complete TrUE suite of quantum-secure cryptographic products: MASQ asymmetric encryption, QEEP symmetric encryption, and SEQUR quantum entropy services. QiSpace is supplemented by specialized solutions including Digital QKD (D-QKD) for quantum key distribution, QiSpace PQC for IoT devices with Secure Network and Secure Boot add-ons, uLoadXLQ quantum secure boot (built with Cypherbridge), SEQUR PPK Generator browser extension, and SEQUR SynQK for world-record digital QKD performance. All solutions protect against the Harvest Now, Decrypt Later threat and prepare enterprises for Y2Q, working over existing Internet infrastructure without requiring proprietary hardware.

Differentiator

Problem solved

Functional benefit

Brands

• QiSpace: Quantum-secure cryptography platform providing TrUE (Trust, Uncertainty, Entropy) security solutions including MASQ asymmetric encryption, QEEP symmetric encryption, and SEQUR quantum entropy services
• MASQ
• QEEP
• SEQUR

Products and services

• QiSpace Platform Flagship hybrid SaaS platform providing end-to-end quantum-secure cryptography. The only platform offering all three TrUE cryptographic functions: Trust (MASQ asymmetric encryption), Uncertainty (QEEP symmetric encryption), and Entropy (SEQUR quantum entropy services). Enables organizations to quantum-secure any application, product, network, or device over existing Internet infrastructure.
• MASQ Asymmetric Encryption Ultra-high-performance post-quantum asymmetric encryption providing quantum-secure key encapsulation and digital signatures. Features the smallest public key and signature sizes of any NIST PQC candidate, with the fastest sign and verify performance. Supports NIST PQC finalists and Quantropi's proprietary novel algorithm.
• QEEP Symmetric Encryption Quantum-secure symmetric encryption bridging classic and quantum systems. Up to 18x faster than AES-256 and up to 95% more power-efficient, targeting resource-constrained IoT devices and embedded systems while maintaining AES-256-equivalent security.
• SEQUR Quantum Entropy Services Quantum entropy services including true random number generation (TRNG) and Quantum Entropy as a Service (QEaaS) for generation and quantum-secure distribution of strong random numbers. Provides synchronized quantum-secure digital key distribution (Digital QKD) over any existing network at ranges over 4,000 km at 130-190 Mbps.
• QiSpace D-QKD (Digital Quantum Key Distribution) Digital Quantum Key Distribution solution that generates and digitally distributes synchronized quantum keys over any existing IP network, including wireless. Provides quantum-secure key distribution without requiring dedicated optical fiber or proprietary hardware, compliant with ETSI-014 and OpenQKD standards.
• uLoadXLQ Quantum Secure Boot & Installer Quantum-secure boot loader and software update solution built with Cypherbridge Systems. Integrates MASQ post-quantum digital signatures and SEQUR quantum random number generation for IoT secure root of trust, firmware authentication, and integrity. Supports STM32, Renesas, and Microchip MCU platforms.
• QiSpace SEQUR PPK Generator Browser extension delivering Post-quantum Preshared Keys (PPKs) generated using quantum random sources for IPSec VPN security. Implements IETF RFC 8784 standard, recommended by NIAP, NSA, and German Federal Office for Information Security. Available for Chrome, Firefox, and Edge browsers.
• QRNG Open API Framework API Framework providing access to quantum random number generation (QRNG) and quantum entropy services, enabling developers to embed quantum-secure randomness into applications. Available via the Palo Alto Networks ecosystem.
• OS Entropy Hardening (NGen) Efficient and high-performance local pseudo-quantum random number generation for hardening operating system entropy sources.

Quantifiable outcome

• QEEP symmetric encryption is up to 18x faster than AES-256 and consumes less than 10% of the power
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core and supporting.

• NokiacoreStrategic or Co-development Partner · 9 June 2026Quantropi and Nokia have integrated Quantropi's Digital Quantum Key Distribution (D-QKD) technology with Nokia's Security Management Server (SMS) to provide carrier-grade quantum-resilient encryption for critical networks. The combined solution protects against Harvest Now, Decrypt Later attacks by ensuring encryption keys are generated, delivered, and rotated using quantum-safe methods without requiring proprietary hardware. The solution achieved general availability in June 2026 and has been deployed within Numana's Kirq quantum communication testbed. Early adopters include telecommunications, defense, and critical infrastructure organizations.
• Alea Quantum TechnologiessupportingStrategic or Co-development Partner · 22 July 2025On June 3, 2025, Quantropi and Alea Quantum Technologies established the first transatlantic quantum-secure communication link between two NATO DIANA accelerator sites: The BioInnovation Institute in Copenhagen and COVE in Halifax. This milestone demonstrated real-world quantum-secure communications capability within NATO's defense innovation ecosystem.
• Palo Alto NetworkscoreTechnology or Integration · 22 January 2025Quantropi collaborated with Palo Alto Networks on the QRNG Open API Framework, announced January 22, 2025. The framework enables quantum random number generation to be accessed and integrated into security platforms through a standardized API.
• STMicroelectronicscoreTechnology or Integration · 22 November 2024Quantropi partnered with STMicroelectronics to enable post-quantum security implementation using STM32CubeMX and Quantropi's QiSpace platform. An exclusive webinar featuring CTO Michael Redding and STMicroelectronics Product Marketing Engineer Mena Roumbakis was held in November 2024. Quantropi is an ST Authorized Partner.
• Palo Alto NetworkscoreTechnology or Integration · 23 September 2024Quantropi's QiSpace SEQUR PPK Generator is available as an approved Palo Alto Networks technology partner solution. The companies also collaborated on the QRNG Open API Framework announced in January 2025, enabling quantum random number generation to be integrated into security platforms.
• Renesas ElectronicscoreTechnology or Integration · 6 June 2024Quantropi and Renesas formed a partnership to enable quantum security for IoT chipsets ranging from high-performance to ultra-low-power MCUs. The Renesas Ready partnership integrates Quantropi's quantum-secure technologies into Renesas' microcontroller ecosystem, supporting RA Cortex M Series, RL Low Power, RX 32-bit, RZ 32/64-bit, RH850 Automotive, and RISC-V processors.
• Calian GroupsupportingStrategic or Co-development Partner · 1 June 2022Quantropi partnered with Calian Group in 2022 to benchmark the performance of its quantum-secure cryptography technology, in collaboration with Deutsche Telekom. Calian and Quantropi appeared together at CANSEC 2022, Canada's largest defense and security trade show. Calian Group is a diverse products and services company in communications, learning, and security sectors.
• Deutsche TelekomsupportingStrategic or Co-development Partner · 1 January 2022Deutsche Telekom benchmarked Quantropi's quantum-secure cryptography technology through testing at their T-Labs facility. Deutsche Telekom found that Quantropi's digital QKD protocol outperforms the key exchange rate of all other solutions tested, and sees it as a strong alternative or complement to other key exchange methods.
• HIMERAcoreChannel Partner/ Reseller/ DistributorQuantropi serves as the exclusive distributor for HIMERA tactical radios in North America and NATO countries. Quantropi also provides post-quantum encryption technology that is integrated into HIMERA's encrypted radios, which are battle-tested with over 7,000 personnel in Ukraine's Defence Forces. HIMERA is Ukraine's only mass-producer of tactical radios designed to resist electronic warfare, producing up to 100,000 radios per year.
• Cypherbridge SystemssupportingTechnology or IntegrationQuantropi partnered with Cypherbridge Systems to develop uLoadXLQ, a quantum-secure boot loader and software update solution for embedded platforms. The product integrates Quantropi's MASQ lightweight post-quantum digital signature algorithm and SEQUR quantum random number generation with Cypherbridge's proven uLoadXL secure boot product suite.
• Numana (Kirq quantum communication testbed)supportingStrategic or Co-development PartnerNumana's Kirq quantum communication testbed, funded by the governments of Canada and Quebec, has deployed Quantropi's D-QKD technology combined with Nokia's Security Management Server. The testbed serves as a demonstration environment for real-world quantum-secure communications.
• Reticulate MicrosupportingChannel Partner/ Reseller/ DistributorReticulate Micro serves as the exclusive US distributor for HIMERA tactical radios, while Quantropi serves as exclusive distributor for North America and NATO countries. This complementary distribution arrangement enables HIMERA to reach both US and broader NATO markets.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• ID Quantique: Swiss-based leader in QKD hardware and quantum-safe network encryption. Directly comparable to Quantropi as a quantum cryptography vendor selling into telco and government customers, though ID Quantique's QKD is fiber/optical hardware-based versus Quantropi's software D-QKD over IP.
• PQShield: UK-based post-quantum cryptography software and IP company offering PQC implementations for hardware, software and cloud. Comparable to Quantropi as a PQC software vendor targeting IoT/embedded and enterprise customers, including a competing NIST-track algorithm.
• Crypto4A: Canadian quantum-safe HSM and key management platform vendor based in Ottawa. Directly comparable to Quantropi as a fellow Canadian quantum-security startup targeting federal/defense and enterprise customers with complementary hardware-rooted solutions.
• QNu Labs: India-based quantum cryptography company offering QKD and quantum random number generation products. Comparable to Quantropi in quantum entropy and key distribution, with a regional focus on India and emerging markets.

Regional players

• QuantumCTek: China's leading QKD and quantum communications vendor with a strong telco and government footprint. Comparable to Quantropi in the QKD/networks category, primarily serving the China market with traditional fiber-based QKD deployments.

Emerging players

• SandboxAQ: AI + quantum spinout of Alphabet building enterprise quantum-safe security and sensing products. Comparable to Quantropi in the broader quantum-safe cryptography category, with greater capital, B2B relationships and a focus on telecom, finance and government.
• QuantumXchange: US-based quantum-safe networking company offering Phio TX key delivery and PQC VPN solutions. Comparable to Quantropi in the quantum key distribution and PQC VPN space, particularly against Quantropi's D-QKD and PPK Generator products.

Broad incumbents

• Thales (Thales Cloud Licensing / Imperva): Global security vendor offering PQC-ready HSMs, key management and data protection. Comparable to Quantropi as a broad incumbent with overlapping quantum-safe cryptography capabilities, but embedded in a much larger portfolio and not focused on Quantropi's IP-network D-QKD approach.
• IBM (Quantum-Safe): IBM offers a broad quantum-safe portfolio spanning PQC consulting, IBM Guardium Quantum Safe, and integration services. Comparable to Quantropi as a broader quantum-safe incumbent, but with significantly greater scale, services capability and a competing consultancy-led PQC migration offering.
• Cloudflare: Cloudflare has been an early enabler of post-quantum TLS (e.g., X25519Kyber768) for a large share of Internet traffic. Comparable to Quantropi in the post-quantum TLS category, but Cloudflare delivers PQ as part of a free/bundled CDN/security platform rather than as a standalone enterprise product.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Quantropi
• YouTubeyoutube.com/channel/UCaKFIwvChnf6vmpM9UHaksQ
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/quantropi
• Instagraminstagram.com/quantropi

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quantropi