Press release

QuintessenceLabs Selected Global Top 4 in Enabling Tech Category of Extreme Tech Challenge 2021

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Australian quantum cybersecurity leader QuintessenceLabs is pleased to announce that it has been selected by the Extreme Tech Challenge (XTC) 2021, as one of the global top 4 companies in the Enabling Technologies category, narrowed down from a field of over 3,700 applicants. XTC is the world’s largest startup competition focused on purpose-driven innovation, where competitors participate in a virtual XTC Bootcamp this month with the opportunity to qualify for the Extreme Tech Challenge (XTC) Global Finals 2021 presented by TechCrunch on July 22, 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210609005180/en/

Announcing the XTC 2021 Global Finalists (Graphic: Business Wire)

Announcing the XTC 2021 Global Finalists (Graphic: Business Wire)

QuintessenceLabs was founded in 2008 in Canberra by Dr Vikram Sharma, following ground-breaking research on quantum technology at the Australian National University. The company strengthens data security by integrating advanced quantum technology with best-in-class data protection solutions. These powerful solutions address some of today’s most pressing cybersecurity challenges while preparing organizations for tomorrow’s quantum computing threat to data security. QuintessenceLabs offers the world’s fastest commercial quantum random number generator, crypto-agile encryption key and security policy manager, and “virtual zeroization” solutions to secure sensitive data collected in uncontrolled environments. The company is also a leader in the development of quantum key distribution technology.

XTC provides innovative leaders with a platform to engage with entrepreneurs and tech executives to share and contribute innovative solutions designed to overcome current global crises and build future resiliency.

All finalists will attend the virtual XTC Bootcamp, a weeklong intensive mentorship program that prepares them for the Category Finals pitch competition in late June, followed by the Global Finals in July. The public is invited to watch all finalists present in their categories from June 21-30, details to be published closer to the date on the Extreme Tech Challenge website.

This year, the public is invited to vote for their favorite startup finalist. The winner of the People’s Choice Award will win a coveted spot and join the category winners and the special awards winner to pitch at the XTC 2021 Global Finals presented by TechCrunch, competing for the crown of XTC 2021 Global Winner.

“Technology can be a contributor to the changes that are needed for the world, and by making those positive contributions, tech for good can also contribute to better business results.”

– Young Sohn, Co-Founder, Extreme Tech Challenge; Chairman of the Board, HARMAN International; Former Corporate President & Chief Strategy Officer, Samsung Electronics.

“It is a great honor to be selected as one of the coveted Extreme Technology Challenge Enabling Tech category global finalists this year and to be recognized for driving the development of innovative quantum solutions to tackle the world’s most challenging cybersecurity problems,” said Dr Vikram Sharma. “Safeguarding our most valuable resource — information — has never been more critical. We look forward to continuing to develop world-leading solutions to secure our increasingly digital lives.”

The XTC 2021 Global Finals presented by TechCrunch is free to attend, open to the public, and will be held virtually on July 22, 2021. Register for the event to find out which startup is crowned Global Winner of XTC 2021 and to learn about what’s ahead for the upcoming 2022 competition.

For more information, visit: https://extremetechchallenge.org/2021-finalists/

About QuintessenceLabs: QuintessenceLabs is the global leader in quantum cybersecurity, providing innovative data protection solutions through a suite of products integrating advanced cybersecurity with quantum technology. Products include the world’s fastest true random number generator, an advanced encryption key and policy manager, and integrated encryption solutions for on-premise or in-cloud implementations. QuintessenceLabs is also a frontrunner in the development of quantum key distribution technology. (www.quintessencelabs.com)