Cryotography technology provider ID Quantique has agreed to a $65m investment plan by SK Telecom, which will reportedly own more than 50% post-investment.
Telecommunications firm SK Telecom agreed on Monday to invest $65m in ID Quantique (IDQ), a Switzerland-based quantum cryptography technology spinout from University of Geneva.
The commitment was described by the companies as “a strategic investment plan,” though they have not disclosed details on when the full amount will be provided. SK Telecom will own more than 50% of IDQ once the deal is closed, according to online publication ZDNet.
Founded in 2001, ID Quantique has developed a random number generator…
