QuSecure | July 13, 2022
QuSecure™, Inc., a leader in post-quantum cybersecurity (PQC), today announced the U.S. Federal Government is currently orchestrating the world’s first-ever post-quantum encryption communication over a Government network by utilizing its QuProtect™ PQC solution. QuProtect is the industry’s first end-to-end PQC software-based solution uniquely designed to protect encrypted communications and data with quantum-resilience using quantum secure channels.
The Government is leveraging QuSecure’s unique post-quantum cryptographic algorithm on its legacy systems at a combined Air Force, Space Force and NORAD location. The quantum-resilient deployment has 100-percent uptime protecting data that previously used standard encryption, with no increased bandwidth or latency issues through QuProtect’s quantum tunnel. Data currently being transmitted cannot be decrypted by others unless they have the QuProtect system, and any adversary collecting the protected data to store will be unlikely to decrypt it in the future, even with a quantum computer.
“This is extremely significant because the U.S. Government has not employed a post-quantum communications channel on premises before, The QuProtect platform is performing exceptionally well with uninterrupted, continuous quantum channel uptime protecting formerly classically encrypted and quantum vulnerable asymmetric keys, With the current speed of business, commerce, warfare and everyday communications, QuProtect protects all data on existing systems and devices and does not slow the systems down, We have proven this in our successful pilot, which will lead to the large-scale deployments as a result of our SBIR Phase III contract with the Government. This historic moment places QuSecure one step closer to fulfilling our vision of ensuring an exceptionally secure quantum future.”
-Pete Ford, QuSecure Head of Federal Operations.
This historic event was possible due to activities around QuSecure’s evaluation for, and eventually winning, the Small Business Innovation Research (SBIR) Phase III Federal Government procurement contract for PQC solutions. Announced last month, QuSecure has been established as the Government’s leading provider of PQC solutions, setting the standard for Government’s PQC requirements. This is the Government’s first and only Phase III designation aimed at addressing end-to-end comprehensive solutions to the post-quantum threat, and further emphasizes today’s need to deploy PQC for classical and future quantum attacks.
Federal agencies participating in SBIR include the following agencies and departments: Small Business Administration, Agriculture, Commerce, Defense, Education, Energy, Health and Human Services, Homeland Security, Transportation, Environmental Protection, the National Aeronautics and Space Administration (NASA), and the National Science Foundation.
The Government’s deployment of QuSecure is being operated over an open Internet network on legacy equipment and systems. QuSecure has proven it works on Government systems by using cryptographic agility that supports all National Institute of Standards and Technology (NIST) finalist algorithms in the post-quantum cryptography standardization competition. The winners of the NIST competition were announced on July 5.
QuProtect enables organizations for the first time to leverage quantum resilient technology to help prevent today’s cyberattacks, while future-proofing networks and preparing for post-quantum cyberthreats. It provides quantum-resilient cryptography, anytime, anywhere and on any device. QuProtect uses an end-to-end quantum-security-as-a-service (QSaaS) architecture that addresses the digital ecosystem’s most vulnerable aspects, uniquely combining zero-trust, next-generation post-quantum-cryptography, quantum-strength keys, high availability, easy deployment, and active defense into a comprehensive and interoperable cybersecurity suite. The end-to-end approach is designed around the entire data lifecycle as data is stored, communicated, and used.
QuSecure is a leader in post-quantum cybersecurity with a mission to protect enterprise and Government data from quantum and classical cybersecurity threats. Its patent-pending, quantum-safe solutions provide an easy transition path to quantum resiliency across any organization. The company’s QuProtect solution is the industry’s first PQC software-based platform uniquely designed to protect encrypted communications and data with quantum-resilience using a quantum secure channel. QuSecure has current customer deployments in banking/finance, healthcare, space/satellite, IT/data enterprises, datacenters, and various Department of Defense agencies. QuSecure is investor backed and has offices in Silicon Valley.
Carahsoft | June 30, 2022
Carahsoft Technology Corp. is agovernment IT solutions provider delivering best-of-breed hardware, software, and support solutions to federal, state, and local government agencies. It announced entering into a partnership with an industry-leading provider of software-as-a-service (SaaS) to government regulatory bodies.
ThentiaCloud,aproprietarylicensingplatformcreatedforregulatorsbyThentia,willbemorewidelyadoptedbyregulatorsasaresultofthisnewpartnership. Thentia's Master Government Aggregator®, Carahsoft, will make Thentia Cloud available to the public sector through its reseller partner networks and contracts with the National Association of State Procurement Officials (NASPO) ValuePoint, GSA Schedule, and OMNIA Partners.
This exciting partnership comes at an incredibly opportune time for Thentia, as the company experienced significant growth in 2021 and is poised for even greater platform adoption in 2022 and beyond. We look forward to working with Carahsoft to further accelerate the momentum and traction we're currently gaining with regulatory agencies acrossNorth America. Carahsoft, as well as other partners, will play a pivotal role in expanding Thentia's position in the public sector as a leading government technology platform."
Bonnie Campo, Thentia's Vice President, Strategic Alliances
Campo added, "We look forward to leveraging Carahsoft's market expertise, procurement services, sales channels, proactive marketing, and large customer base to support public sector digital transformation for years to come."
"Thentia's competitive advantage stems from the firsthand experiences of its creators, who have all worked as regulators themselves," statedHarjeet Khalsa, who manages the Thentia team at Carahsoft. "By drawing on their experiences, they have built a highly configurable platform that addresses the nuances of governmental workflows while streamlining compliance and increasing cybersecurity. That's exactly the combination our clients and reseller partners seek."
medZERO | July 14, 2022
LG Electronics’ North American Innovation Center (LG NOVA) picked medZERO as one of the “Selected 20” startups advancing to the next stage of its Mission for the Future global challenge competition. The honor comes with $100,000 to help fund a collaboration for the next round of the competition.
The recognition is the latest for the Portland-based startup medZERO, an employer-sponsored financial wellness platform that gives employees a smarter way to pay for healthcare via on-demand access to funds to pay their out-of- pocked expenses over time at zero interest and zero fees.
In May, medZERO was one of six companies selected by the Meta Lab challenge, a prestigious competition sponsored by the Carolina Fintech Hub and MassChallenge, an international business accelerator program located in Boston.
Since securing $5.7 million in seed funding last year from Silicon Valley powerhouses True Ventures, Village Global and other angel investors, medZERO launched its app in November 2021 and has been hiring and has more than doubled its customer base.
Each of the 20 top contenders in the LG NOVA program were awarded $100,000 for proof-of-concept projects. medZERO was chosen in the Connected Health category as a company that is creating a new solution with potential to transform markets and industries, specifically as people change their perspective on new technology-based care.
“We are honored to make it to this round, LG recognized that our highly scalable, mobile payments platform leverages technology to give employees greater control over their healthcare services and spending.”
-Craig Froude, Co-Founder and CEO, medZERO.
Chosen from a group of more than 1,300 applicants, the Selected 20 will continue in the process to develop their ideas while working closely with LG NOVA’s team of innovation and entrepreneurial experts over the next couple of months—with the goal of being chosen as a Mission for the Future challenge “Top 10” finalist. To be named in August 2022, the Top 10 will have the opportunity to build their business in collaboration with LG on an accelerated path to success, with full access to LG expertise, mentorship, and from NOVA Capital Alliance and investments from LG.
Since its official launch in August 2021, the Mission for the Future challenge has invited innovators and entrepreneurs to submit their business ideas, technologies, and concepts that look to advance people, communities, and the planet. The initial “First 50” startups selected through the challenge program received access to basic business infrastructural support and networking after demonstrating exceptional proof-of-concept within emerging industries, as well as the potential for a successful partnership within the wider LG business.
Over the last few months, our work with the First 50 startups has helped us continue to refine our vision for the future as we look at new areas of growth for LG, said LG Electronics Senior Vice President for Innovation Dr. Sokwoo Rhee, head of LG NOVA. We’re inspired by all of those who have participated to date with groundbreaking, thoughtful tech innovations to drive and contribute to our collaborative community and guiding principle of ‘outside-in’ innovation. With this announcement, we’re sharing the results of our ongoing work in engaging with the startup and entrepreneur community to create impactful technologies that will lead society into the future.
medZERO is a Portland, Ore., healthcare-focused fintech company (www.medzero.com) designed to make healthcare accessible, affordable and equitable. Our employer sponsored platform provides employees instant access to funds to pay their out-of-pocket healthcare costs with no interest and no fees. Repayment is made through automatic payroll deduction and for users with Health Savings Accounts medZERO payments are pre-tax allowing them to save up to 30% on all qualified medical expenses.
About LG NOVA-
LG NOVA, the North American Innovation Center for global innovation leader LG Electronics, is a team focused on bringing innovation from the outside to LG. LG NOVA is based in Santa Clara, Calif. The center’s mission is to build, nurture and grow innovations that impact the future.
About LG Electronics USA-
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $63 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and vehicle components. LG is 2022 ENERGY STAR® Partner of the Year-Sustained Excellence. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow