SK Telecom has committed $65m to ID Quantique, a quantum cryptography technology spinout from University of Geneva, adding to $2m it had previously provided.

ID Quantique (IDQ), a Switzerland-based quantum cryptography spinout from University of Geneva, secured a $65m funding commitment on Monday from telecoms firm SK Telecom.

SK Telecom did not disclose details on when it expects the deal to close or how large its stake in IDQ will be, though online publication ZDNet claimed the corporate will own a majority share of slightly more than 50%.

Founded in 2001, ID Quantique has developed a random number generator that relies on quantum physics.…