QIZ Security raises $17 million for cryptographic management platform

QIZ Security, an Israeli startup, announced on Thursday that it has raised $17 million in seed funding for its cryptographic posture and post-quantum cryptography management platform. The funding round was led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital. The investment will be used to accelerate the company’s growth and enhance its platform, based on information published by Security Week.

QIZ Security has developed a platform designed to help organizations govern encryption across on-premises, cloud, and hybrid environments. The platform continuously discovers cryptographic assets, maps their connections to applications and business systems, and flags issues such as outdated protocols, weak cipher suites, and encryption gaps affecting data in transit and at rest. The system ranks identified weaknesses by severity and business impact, then generates a prioritized remediation plan.

QIZ’s approach relies on API-based integration rather than agents or network probes, and is intended to support collaboration among CISOs, compliance staff, and application owners. The company also positions its platform as a response to the looming risk posed by quantum computing, with CEO Ben Volkow stating that post-quantum readiness is becoming a board-level cybersecurity priority.

Source: Security Week