Aliro Quantum, a start-up based in Boston developing entanglement-based secure quantum networks, has attracted an equity investment from Accenture. Financial terms were not disclosed.
Aliro, spun out of NarangLab at Harvard University, includes world-class experts in quantum and classical networking and is leading the charge in quantum network development by offering the foundational technologies needed for organizations around the world to build scalable and powerful distributed quantum systems.
Solutions from Aliro enable businesses to automate the orchestration and control of quantum networks for use cases including with quantum secure communications, scaling quantum computing, distributed quantum sensing, and the quantum internet. Aliro uses entanglement-based quantum cryptography to allow senders and receivers to produce shared knowledge and outcomes, while also minimizing risk of a third party maliciously gaining access.
“The speed and security of quantum networking means that its impact on everything from telecommunications to cybersecurity to research will be more transformative and impactful than anything we can dream of today,” said Tom Lounibos, managing director, Accenture Ventures. “We will continue to support Aliro as the company moves towards its mission to build the world's first scalable quantum networks.”
Dr. Prineha Narang, founder and CTO with Aliro Quantum, said "I am deeply grateful for the confidence and trust placed in our team by Accenture Ventures. We believe this additional funding reinforces the significance that quantum networking has in shaping the future of secure communications and validates our approach to designing and building scalable and commercial entanglement-based quantum networks. We are excited to collaborate with Accenture to propel our business growth, nurture partnerships, and drive innovation in quantum information science."
