HEST Investments, a private equity firm specializing in biotech, life sciences, and technology, announced a $1 million strategic investment in American Binary, a company focused on post-quantum encryption. This investment, completed in late 2023, is aimed at strengthening digital security as quantum computing emerges as a powerful force capable of breaking traditional encryption methods. American Binary’s cutting-edge solutions will help protect sensitive information from potential quantum threats.
With the advent of quantum computing, current encryption techniques are becoming increasingly vulnerable to cyberattacks. American Binary is at the forefront of developing quantum-resistant encryption, ensuring that both businesses and governments can safeguard their data in a future dominated by quantum technology. HEST Investments’ funding will accelerate American Binary’s research and development, allowing the company to bring its innovative encryption solutions to market more rapidly.
Don Huffines, CEO of HEST Investments, emphasized the critical importance of quantum-safe encryption in protecting the digital world. Kevin Kane, CEO of American Binary, expressed gratitude for the support, stating that this partnership will allow the company to scale its efforts and address emerging quantum security challenges.
For additional information, you can access a press release provided by HEST Investments that you can see here.
September 9, 2024
