About evolutionQ
evolutionQ is a company based in Waterloo (Canada) founded in 2015 by Michele Mosca and Norbert Lutkenhaus.. evolutionQ has raised $6.05 million across 2 funding rounds from investors including Quantonation and The Group Ventures. The company has 49 employees as of May 27, 2025. evolutionQ offers products and services including BasejumpQDN, BasejumpSIM, MultimodalKES, Quantum Risk Assessment, and Quantum Briefing. evolutionQ operates in a competitive market with competitors including QNu Labs, QuSecure, Crypto Quantique, ISARA and IronCore Labs, among others.
- Headquarter Waterloo, Canada
- Employees 49 as on 27 May, 2025
- Founders Michele Mosca, Norbert Lutkenhaus
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Evolutionq Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.05 M (USD)
in 2 rounds
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Latest Funding Round
$549.15 K (USD), Series A
Feb 05, 2025
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Investors
Quantonation
& 1 more
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Employee Count
49
as on May 27, 2025
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Products & Services of evolutionQ
evolutionQ offers a comprehensive portfolio of products and services, including BasejumpQDN, BasejumpSIM, MultimodalKES, Quantum Risk Assessment, and Quantum Briefing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables deployment of quantum-safe networks using QKD for secure data transmission.
Simulates QKD networks in the cloud without physical devices for testing.
Provides long-term protection against classical and quantum cyber threats.
Analyzes IT systems for quantum vulnerabilities and recommends safeguards.
Offers workshops on quantum threats for business leaders.
Develops plans to address quantum computing risks in cybersecurity.
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Funding Insights of evolutionQ
evolutionQ has successfully raised a total of $6.05M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $549.15 thousand completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $549,147
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First Round
First Round
(13 Jun 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series A - evolutionQ | Valuation |
investors |
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| Jun, 2022 | Amount | Series A - evolutionQ | Valuation | Quantonation |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in evolutionQ
evolutionQ has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Quantonation and The Group Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Quantonation is recognized as a venture capital fund focused on quantum and physics-based technologies.
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Founded Year | Domain | Location | |
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The Group Ventures is engaged in funding and supporting tech ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by evolutionQ
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - evolutionQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evolutionq Comparisons
Competitors of evolutionQ
evolutionQ operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as QNu Labs, QuSecure, Crypto Quantique, ISARA and IronCore Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based quantum cryptography solutions for secure communication are developed.
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| domain | founded_year | HQ Location |
Provider of quantum security management solutions
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| domain | founded_year | HQ Location |
Quantum-resistant cybersecurity solutions are developed for IoT and semiconductors.
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| domain | founded_year | HQ Location |
Post-quantum encryption-based data security solution
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| domain | founded_year | HQ Location |
End-to-end encryption software for secure data transfer is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Evolutionq
Frequently Asked Questions about evolutionQ
When was evolutionQ founded?
evolutionQ was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is evolutionQ located?
evolutionQ is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
Who is the current CEO of evolutionQ?
Michele Mosca is the current CEO of evolutionQ. They have also founded this company.
Is evolutionQ a funded company?
evolutionQ is a funded company, having raised a total of $6.05M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5.5M, raised on Jun 13, 2022.
How many employees does evolutionQ have?
As of May 27, 2025, the latest employee count at evolutionQ is 49.
What does evolutionQ do?
EvolutionQ was founded in 2015 in Waterloo, Canada, and operates in the quantum cybersecurity sector. Software solutions for building and simulating quantum key distribution networks are developed, alongside integration of post-quantum cryptography for layered security against quantum threats. Quantum risk assessments and consulting services are also offered to organizations transitioning to quantum-resistant infrastructures. These tools are designed for scalability across diverse network settings.
Who are the top competitors of evolutionQ?
evolutionQ's top competitors include QNu Labs, Crypto Quantique and QuSecure.
What products or services does evolutionQ offer?
evolutionQ offers BasejumpQDN, BasejumpSIM, MultimodalKES, Quantum Risk Assessment, and 2 more products and services.
Who are evolutionQ's investors?
evolutionQ has 2 investors. Key investors include Quantonation, and The Group Ventures.
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