Czech cybersecurity startup Wultra has raised €3 million from Tensor Ventures, Elevator Ventures, and J&T Ventures.
🏭 Industry: Cybersecurity
📣 Solution: Post-quantum authentication technology for financial institutions
👯 Founder(s): Petr Dvořák
📅 Founding year: 2014
📍 Headquarters: Czech Republic
💰 Investment amount (current round): €3M
🌱 Stage: Seed+
🚀 Funded by: Tensor Ventures, Elevator Ventures, J&T Ventures
🗨️ Investor’s perspective:
Martin Drdul (Tensor Ventures): “Wultra has cutting-edge technology that solves the nightmare of every banker in the world. There is no alternative to their solution that can be deployed so quickly.”
💡 It will be spent on: Development of next-generation post-quantum authentication solutions, expansion into Western Europe and Southeast Asia, and opening a Singapore office in 2025.
💬 In their own words: “We anticipate a ‘Q-day’ within the next five years – a point where current authentication systems will become ineffective against quantum computers,” said Petr Dvořák, CEO and founder.
💪 Their specialty: Creating secure authentication solutions that withstand quantum-level attacks.
🔑 Business model: Hardware and software solutions focused on post-quantum security for financial institutions.
👥 Customer profile: Major European banks, fintech companies, and corporate clients requiring secure, next-generation authentication.
