🤗 New Investment: Powering up Wultra with €3M to Outsmart Quantum Cyber Hackers

Tensor Ventures, Elevator Ventures, and J&T Ventures have backed Czech cybersecurity startup Wultra with €3M to supercharge its post-quantum authentication tech.

Why? Quantum computers could soon crack the cryptography protecting billions of financial transactions daily. Wultra is stepping up, helping banks like Raiffeisen Bank International, Erste Group, and OTP Bank stay ahead of the game.

Their Talisman hardware authenticator, made in the EU, is already in demand and aligns with PSD3 regulations. With a Singapore office planned for 2025, Wultra is expanding into Western Europe and Southeast Asia, where digital banking is booming.

“We anticipate a ‘Q-day’ within the next five years - a point where current authentication systems will become ineffective against quantum computers.”

“Financial institutions must act now to protect their infrastructure. This investment allows us to develop next-generation solutions and deepen our presence in key banking markets that recognize the urgency of post-quantum threats.”

- says Petr Dvořák, CEO and founder of Wultra.

This investment is all about fast-tracking the future of secure authentication and keeping banks one step ahead.

From mobile-first software to cutting-edge hardware, Wultra is building the ultimate shield against quantum-level cyberattacks. Ready or not, the post-quantum era is here, and Wultra is leading the charge.

“Wultra has cutting-edge technology that solves the nightmare of every banker in the world.”

- sums it up, Martin Drdul, co-founder and GP at Tensor Ventures.