SEALSQ invests $20 million in quantum startups

GENEVA - SEALSQ Corp (NASDAQ: LAES), a leader in Post-Quantum Technology hardware and software solutions with a current market capitalization of $290.86 million, has announced significant strides in its SEALQUANTUM.com initiative, which constitutes an aggressive investment and acquisition strategy to bolster its quantum computing and AI efforts. The company, whose stock has shown remarkable momentum with a 427% return over the past six months according to InvestingPro data, has earmarked up to $20 million for investments in innovative startups specializing in Quantum Computing, Quantum-as-a-Service (QaaS), and AI-driven semiconductor technologies.

In its recent endeavors, SEALSQ has invested in ColibriTD, a company dedicated to providing comprehensive quantum solutions that work in tandem with existing classical computing infrastructures. This move is aimed at assimilating ColibriTD’s quantum-as-a-service platform into SEALSQ’s Quantum Roadmap to make quantum computing more accessible across various industries.

Additionally, SEALSQ is in exclusive negotiations to acquire IC ALPS SAS, a French ASIC design and supply firm. This acquisition is expected to enhance SEALSQ’s ASIC development capabilities, addressing the increasing demand in this sector.

These investments are part of a broader European initiative to support the creation of €100 billion companies in the technology sector. SEALSQ’s commitment to advancing quantum-safe and AI-powered solutions is intended to fortify Europe’s standing as a global tech leader while tackling pressing issues in cybersecurity, AI, and semiconductors.

SEALSQ’s SEALQUANTUM initiative is a central component of its Quantum Roadmap, which focuses on delivering end-to-end quantum-safe solutions and ensuring cryptographic agility in the face of evolving digital threats. The investments will support startups at the cutting edge of quantum security, computing architectures, quantum networking solutions, AI-powered chipsets, and AI cloud-based quantum services reinforced by SEALSQ’s security protocols.

Beyond quantum computing and AI, SEALSQ is also investing in European entrepreneurs working in cybersecurity, quantum sectors, and space technology, aligning with European efforts to achieve strategic autonomy in critical technology areas.

Carlos Moreira, CEO of SEALSQ, stated that the company’s investment aims to spur innovation and support entrepreneurs in tackling complex challenges. He reiterated SEALSQ’s dedication to creating a quantum-resilient future, ensuring that trust, privacy, and compliance remain at the forefront of a rapidly changing cyber landscape. While operating with moderate debt levels, analysts tracked by InvestingPro anticipate sales challenges in the current year, making this strategic initiative crucial for the company’s future growth trajectory.

This information is based on a press release statement from SEALSQ Corp.

In other recent news, SEALSQ Corp has announced significant developments in its operations and strategic partnerships. The company plans to release its audited financial results for 2024 by March 21, 2025, and has reported a robust sales pipeline valued at $93 million through to the end of 2028. SEALSQ has eliminated all convertible debt and warrants, enhancing its financial flexibility and investment appeal. In a strategic move, SEALSQ has entered into an exclusivity agreement to acquire IC™Alps, aiming to bolster its semiconductor design capabilities, pending due diligence and government approval.

Additionally, SEALSQ has launched a new Quantum Cloud Computing Service in collaboration with ColibriTD, offering scalable access to quantum resources. This initiative is part of SEALSQ’s Quantum Roadmap, with plans to fully roll out its Quantum-as-a-Service platform in 2025. SEALSQ has also announced the release of its QS7001 Post-Quantum Secure Chip, designed to protect cryptocurrency wallets from quantum computing threats.

Moreover, SEALSQ is expanding its global reach through new distribution agreements with partners across Europe, Asia, and the Middle East. The company is establishing a Post-Quantum Semiconductor Personalization Center in Singapore to enhance its semiconductor manufacturing capabilities in Asia. These initiatives reflect SEALSQ’s commitment to advancing quantum-resistant technologies and expanding its market presence.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.