- Australian company QuintessenceLabs was recognised by the World Economic Forum as a Technology Pioneer for 2018
- Companies were selected for their potential to “transform society and industry” and “shape the Fourth Industrial Revolution,” Fulvia Montresor of the World Economic Forum said.
- QuintessenceLabs was selected for its significant contributions in the field of data protection, securing valuable information today and in to the future when quantum computing attacks will seriously challenge existing data security approaches.
- The full list of recognized Technology Pioneers can be viewed here.
- Past recipients include Airbnb, Google, Spotify, Twitter, Wikimedia and Atlassian.
Australian company, QuintessenceLabs, a global leader in the development of commercial quantum-based cybersecurity solutions, was selected among hundreds of candidates as one of the World Economic Forum’s Technology Pioneers.
The company was founded in 2008 in Canberra by Vikram Sharma, following research on quantum technology at the Australian National University. QuintessenceLabs strengthens data security by integrating advanced quantum technology with best-in-class data protection solutions. These solutions address some of today’s most pressing cybersecurity challenges while preparing organizations for tomorrow’s quantum computing threat to data security. QuintessenceLabs’ products include the world’s fastest commercial quantum random number generator, an advanced encryption key and security policy manager, and “virtual zeroization” solutions to secure sensitive data collected in uncontrolled environments. The company is also a frontrunner in the development of quantum key distribution technology. QuintessenceLabs now joins only seven Australian companies who have previously been selected as a Technology Pioneer, including most recently, Atlassian and Vaxxas.
The World Economic Forum’s Technology Pioneers community are early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.
This year’s cohort is the most diverse since it began in 2000, both geographically and in terms of gender. Twenty-five percent are female-led, and a majority (54%) come from regions outside the United States and Silicon Valley, with each continent represented, barring Antarctica. There is also a wide variety in the technologies the pioneers focus on, including artificial intelligence, big data and internet of things (IoT), biotechnology, blockchain, autonomous vehicles, cyber security, vertical farming and other agricultural advances, decentralised microgrids and robotics. The full list of technology pioneers can be found here.
Following QuintessenceLabs’ selection as a Technology Pioneer, Vikram Sharma, Founder and CEO, will be participating in the World Economic Forum Annual Meeting of the New Champions. The meeting, also dubbed “Summer Davos,” will be held in Tianjin, China, September 18-20. Many Pioneers will also attend the Annual Meeting in Davos, in January 2019, and continue to contribute to Forum initiatives over the next two years.
“We welcome QuintessenceLabs in this diverse group of technology pioneers,” says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “QuintessenceLabs and its fellow pioneers are front and centre in shaping the ongoing Fourth Industrial Revolution and we believe they will be transforming society and industry in a positive way in the years to come.”
“Safeguarding our most valuable resource — information — has never been more critical. We’re seeing continued escalation in the sophistication and frequency of cyber-attacks and data breaches by well-resourced cybercriminals and nation-states,” said Vikram Sharma, QuintessenceLabs Founder and CEO. “Our mission at QuintessenceLabs is to harness the power of quantum science to make the strongest data security accessible to enterprises and government agencies – protecting information today, and into the future.”
The Technology Pioneers were selected by a committee of more than 60 academics, entrepreneurs, venture capitalists and corporate executives. The committee based its decisions on criteria including innovation, potential impact and leadership. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.
All info on this year’s Technology Pioneers can be found here: http://wef.ch/techpioneers18
More information on past winners can be found here.
QuintessenceLabs is the global leader in quantum cybersecurity, providing game-changing 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)
About World Economic Forum: The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org)