VeriQloud
VeriQloud builds quantum communication hardware (Qline) and quantum-safe distributed storage software (Qasmat) to protect enterprise and government data against future quantum-computer attacks on current encryption, serving telecom, defense, healthcare, and financial customers.
- Company typePrivate
- Founded2017
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What VeriQloud does
VeriQloud is a Paris-based deep-technology company founded in 2017 that builds hardware and software for quantum communication networks, targeting the existential risk that quantum computers will eventually break widely deployed public-key cryptography. The company sells two core products: Qline, an open-architecture Quantum Key Distribution (QKD) hardware platform released under CERN Open Hardware License v3 with publicly available blueprints, designed to support not only QKD but also multi-purpose quantum network applications such as unclonable quantum tokens, blind quantum computing, and secure federated learning; and Qasmat, a quantum-safe distributed cloud storage software based on Shamir's Secret Sharing that provides keyless, split-share encryption compatible with PQC, QKD, and ETSI-compliant QKD providers. Underlying protocols include LINCOS (classical-quantum hybrid secure storage) and MULTISS (distributed storage across multiple remote QKD networks with hierarchical secret sharing).
VeriQloud generates revenue through three streams: direct sale of Qline hardware to telecom operators, research institutions, and government agencies; software licensing and cloud-marketplace distribution of Qasmat (notably via the IONOS marketplace and on-premise deployment); and funded R&D services delivered through participation in European research consortia such as Quantum Internet Alliance, FranceQCI, EuroQCI, OpenQKD, and EUREKA Globalstars-Japan. Customers and partners include Deutsche Telekom, Airbus, Orange, IONOS, the French Defense Procurement Agency (DGA), and Thales, with deployments in metropolitan-area quantum network testbeds and the Berlin OpenQKD optical fiber testbed. The company targets verticals where long-term data confidentiality is critical: government, defense, healthcare, financial services, telecom, energy, and genomics.
The company is privately held as a French SAS with €121,600 in share capital, has approximately 15 team members, and is led by founders Marc Kaplan (CEO, PhD Paris-Sud), Elham Kashefi (CSO, CNRS Research Director and Edinburgh professor, co-inventor of Blind Quantum Computing), and Josh Nunn (Scientific Advisor, PhD Oxford). To date, VeriQloud has raised €1.9 million in seed funding (May 2023) from Quantonation and WinEquity, and was selected for the French Tech 2030 cohort in 2025 as one of 80 tech champions.
VeriQloud firmographics
Firmographics- Name
- VeriQloud
- Legal name
- VeriQloud
- Website
- https://veriqloud.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- VeriQloud builds quantum communication hardware (Qline) and quantum-safe distributed storage software (Qasmat) to protect enterprise and government data against future quantum-computer attacks on current encryption, serving telecom, defense, healthcare, and financial customers.
- Ownership category
- akta.pro rank
VeriQloud industry classification
Industry- Product category
- Quantum Cybersecurity
- NAICS
- Security Systems Services (except Locksmiths) (561621), Wired Telecommunications Carriers (517111), Computer Systems Design and Related Services (54151)
- SIC
- Computer Communications Equipment (3576)
- akta.pro primary industry
- Quantum Key Distribution (QKD) Systems & Networks (HDAGAFAA)
- akta.pro secondary industries
- Quantum Key Distribution (QKD) Systems & Networks (HDAGAGAA), Quantum-Safe Network Infrastructure & Migration (PQC-enabled Networking) (HDAGAFAG), Quantum-Safe Secure Messaging & Data-in-Transit Protection (HDAGAGAH), Quantum Cloud Infrastructure & QPU Hosting (HDAGAIAA), Quantum Cloud Security, Identity & Compliance (HDAGAIAF), Quantum-Safe Hardware & Embedded Security (TPM/secure elements/firmware) (HDAGAGAJ)
Keywords
Where VeriQloud is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
VeriQloud business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Supply Chain, Marketing or Sales, Operations, Infrastructure
Revenue model
- Qline Hardware Sales: Sale of quantum communication hardware (Qline) for quantum key distribution and quantum network applications. The platform includes both hardware components and associated software. Sold to telecom providers, research institutions, and enterprises building quantum communication infrastructure.
- Qasmat Software Licensing: Software solution for quantum-safe distributed storage licensed to enterprises. Available via cloud marketplace (IONOS), on-premise deployment, or private cloud installation. Revenue derived from software licensing and potentially subscription-based support.
- R&D Services and Consulting: Research and development services including participation in funded research projects (Quantum Internet Alliance, FranceQCI, EUREKA Globalstars Japan). Collaborative development with partners on quantum network applications and protocols.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
VeriQloud product offering
Product offeringCore offering
VeriQloud develops and sells Qline, a quantum communication hardware platform for Quantum Key Distribution (QKD) and multi-purpose quantum network applications, and Qasmat, a quantum-safe software solution for distributed cloud storage based on Shamir's Secret Sharing. Both offerings are designed to protect data in-transit and at-rest from current and future quantum computer threats, targeting telecom operators, governments, defense, healthcare, and financial services.
Product overview
VeriQloud offers a portfolio of two core products: Qline (quantum communication hardware for QKD and quantum network applications) and Qasmat (quantum-safe software for secure distributed cloud storage). Qline serves as the hardware platform enabling quantum key distribution and multi-purpose quantum network applications, while Qasmat provides data-at-rest protection through secret sharing, compatible with Qline QKD and other ETSI-compliant QKD providers.
Differentiator
Problem solved
Functional benefit
Brands
- Qline: Quantum Key Distribution hardware platform for quantum communication networks - an open, modular gateway to the quantum internet.
- Qasmat
Products and services
- Qline Quantum communication hardware platform for Quantum Key Distribution (QKD) with open and modular architecture (CERN OHL v3 licensed). Enables secure distributed computing, unclonable quantum tokens, and blind quantum computing. Sold to telecom providers, research institutions, and enterprises building quantum communication infrastructure.
- Qasmat Quantum-safe software for secure distributed cloud storage using Shamir's Secret Sharing to split data into encrypted shares across storage locations. Keyless encryption prevents key leakage. Compatible with PQC, QKD, and ETSI-compliant QKD providers. GDPR and HIPAA compliant. Available via cloud marketplace (IONOS), on-premise, or private cloud installation.
Quantifiable outcome
- QKD networks achieving QBER < 5.5% and stable key rate over 130 hours in metropolitan deployments
- +3 more outcomes
Companies that use VeriQloud
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles3 records
VeriQloud technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
VeriQloud partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered flagship, core and minor.
- NanoQT (Nanofiber Quantum Technologies)flagshipInternational research collaboration to develop scalable and secure quantum computing framework combining NanoQT's nanofiber cavity technology with VeriQloud's secure quantum protocols. Project selected for EUREKA Globalstars Japan support, co-funded by NEDO (Japan) and Bpifrance (France). Focus on integrating Blind Quantum Computing protocols into neutral-atom quantum processing units.
- Deutsche TelekomflagshipJoint development and deployment of Qline for metropolitan-area quantum networks. Published joint press release on quantum networks tested in metropolitan areas. Deutsche Telekom contributes to European quantum communication infrastructure (EuroQCI).
- AirbuscoreCustomer and partner in quantum communication ecosystem. Listed as partner on VeriQloud website ecosystem page. Contributes to European quantum infrastructure initiatives.
- OrangecoreTelecom partner and customer. VeriQloud participates in Orange Open Tech events. Collaboration on quantum communication applications and network development.
- IONOScoreQasmat available on IONOS cloud marketplace, enabling distribution of VeriQloud's quantum-safe storage solution to IONOS enterprise customers. Partnership for cloud-based quantum security deployment.
- Quantum Internet AlliancecoreEuropean research initiative led by TU Delft bringing together stakeholders for future quantum networks. VeriQloud participates in application development and protocol implementation for quantum internet applications.
- Qubo ConsultingminorQuantum consulting partner in VeriQloud's ecosystem for building the future of cybersecurity.
- IQBN (International Quantum Business Network)minorInternational quantum business network partner in VeriQloud's ecosystem.
- Le Lab QuantiqueminorFrench quantum ecosystem hub partner supporting VeriQloud's market development.
- Creative Destruction LabminorQuantum-focused startup program partner supporting VeriQloud's growth and development.
- OpenQKDcoreEuropean open-source QKD initiative. VeriQloud's Qline deployed in Berlin OpenQKD optical fiber testbed for metropolitan network demonstrations.
- FranceQCIcoreFrench quantum communication infrastructure project. Research leading to MULTISS protocol was performed within FranceQCI project.
- Sorbonne UniversitycoreAcademic partner in VeriQloud's university ecosystem. CSO Elham Kashefi holds position at Sorbonne University.
- University of EdinburghcoreAcademic partner. CEO Marc Kaplan maintains connection through computer science professorship.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
VeriQloud competitors and assessment
Company assessmentEmerging players
- PQShield: UK-based post-quantum cryptography software and IP vendor serving semiconductor, automotive, and IoT customers. Comparable as a European quantum-safe security startup addressing similar enterprise and government use cases through a different technology path (PQC rather than QKD).
- SandboxAQ: US-based quantum technology company focused on quantum-safe security, quantum sensing, and AI. Comparable as a quantum-safe security software vendor targeting large enterprises and governments, though with significantly more capital and broader scope.
- Quantum eMotion: Canadian quantum cybersecurity startup focused on quantum random number generation and post-quantum security. Comparable as a small-cap quantum-security hardware vendor, though with a different technology focus (QRNG rather than QKD).
- MagiQ Technologies: US-based quantum cryptography vendor offering QKD systems and quantum random number generators. Comparable as an early-stage QKD hardware vendor targeting government and enterprise security buyers.
Broad incumbents
- Thales: European defense and cybersecurity incumbent with active quantum-safe cryptography and QKD programs, including EuroQCI participation alongside VeriQloud. Comparable as a quantum security provider to defense and government customers, with vastly greater scale and incumbency advantages.
- Toshiba Europe (Quantum Key Distribution): Toshiba's European research arm has been a leading QKD technology developer and field-trial partner with BT, Deutsche Telekom, and others. Comparable as a major R&D-funded QKD competitor with established telecom relationships, though operating within a much broader corporate portfolio.
Others
- Quantum Machines: Israeli quantum computing infrastructure provider (control systems, OPX). Not a direct competitor but adjacent in the quantum technology stack, serving similar research labs and quantum ecosystem customers with enabling hardware/software.
Direct peers
- QuantumCTek: China's largest QKD vendor, supplying backbone QKD networks and metropolitan testbeds to telecoms and government. Comparable as a vertically-integrated QKD hardware and software provider, though at much larger scale.
- ID Quantique: Swiss-based market leader in QKD hardware and quantum-safe security solutions. Directly comparable as a QKD systems vendor serving telecoms, governments, and financial institutions across Europe and globally, with a similar application-software layer (quantum-safe network encryption).
- LuxQuanta: Spanish QKD startup developing quantum key distribution systems for telecom operators. Closely comparable as a European quantum communication startup selling CV-QKD hardware and integrating into metropolitan telecom testbeds.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
VeriQloud social profiles
Digital presenceVeriQloud financial estimates
Financial estimateRevenue estimate
Valuation estimate
VeriQloud leadership team
Management profileNumber of profiles
Profiles17 records
VeriQloud funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VeriQloud M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VeriQloud
What does VeriQloud do?
VeriQloud develops and sells Qline, a quantum communication hardware platform for Quantum Key Distribution (QKD) and multi-purpose quantum network applications, and Qasmat, a quantum-safe software solution for distributed cloud storage based on Shamir's Secret Sharing. Both offerings are designed to protect data in-transit and at-rest from current and future quantum computer threats, targeting telecom operators, governments, defense, healthcare, and financial services.
Is VeriQloud a public or private company?
VeriQloud is a private company. It is classified as venture growth investor backed and is currently operating.
When was VeriQloud founded?
VeriQloud was founded in 2017. It employs 11 to 50 people.
Where is VeriQloud based?
VeriQloud is headquartered in Paris, France, in the Europe region.
How does VeriQloud make money?
Three revenue lines are on record. Qline Hardware Sales are the primary driver. The others are qasmat Software Licensing and R&D Services and Consulting.
Who are VeriQloud's main competitors?
Emerging players on record are PQShield, SandboxAQ, Quantum eMotion and MagiQ Technologies. Broad incumbents are Thales and Toshiba Europe (Quantum Key Distribution). Quantum Machines is listed as an others. Direct peers are QuantumCTek, ID Quantique and LuxQuanta.
Does VeriQloud have an API?
No public API is recorded for VeriQloud.
What industry is VeriQloud in?
VeriQloud's product category is Quantum Cybersecurity. Its primary akta.pro industry code is HDAGAFAA, Quantum Key Distribution (QKD) Systems & Networks, with a secondary code of HDAGAGAA, Quantum Key Distribution (QKD) Systems & Networks. Its NAICS code is 561621 and its SIC code is 3576.