Aliro Quantum Receives Investment from Cisco Investments as Part of Funding Round

Insider Brief

• Cisco Investments joined Aliro Quantum’s latest funding round.
• Aliro Quantum will use the funds to increase funding in research and development as well as expand its go-to-market initiatives.
• The company provides technologies for quantum networks.
• Image: Aliro Quantum

PRESS RELEASE — Aliro Quantum announced that Cisco Investments has joined its recently announced round of funding. Cisco joins Accenture Ventures and lead investor Flybridge Leaders Fund to invest in Aliro Quantum. With this investment, Aliro Quantum will increase funding in research and development as well as expand its go-to-market programs and professional services offerings.

Since the company’s founding and initial round of funding in 2019 to develop the foundational technologies needed for quantum networks, Aliro Quantum has filed ten patents that include 124 claims. It has expanded its leadership, engineering, sales, and marketing teams, tripled its customer engagements, doubled its number of partnerships and increased its sales pipeline by ten times. Aliro also launched AliroNet, a comprehensive non-QKD multipurpose entanglement-based secure network solution, and is providing the quantum network configuration, control and orchestration for the EPB Quantum Network powered by Qubitekk, America’s first industry-led, commercially available quantum network.

Jim Ricotta, CEO of Aliro Quantum said, “Cisco Investments’ funding provides additional confirmation that entanglement-based multi-purpose quantum networks are the future. We’re excited to put this new relationship to work to grow our customer base, fine tune our products and develop even more use cases for entanglement-based quantum networking.”

“Quantum networking is key to the future of secure networking,” said Bill Gartner, Senior Vice President and General Manager, Cisco Optical Systems and Optics. “Through this investment, we are excited to support Aliro in advancing its research and development in this next stage of its growth.”

Aliro Quantum also received several prestigious industry awards including being recognized as a quantum innovator in Messe Stuttgart’s First Annual Quantum Effects Awards, Technology Pioneer by the World Economic Forum, gold in the Govies Government Security Awards for Network Security, and three gold-level awards at the 18th Annual Globee Awards for Information Technology. The company was also recognized with the Hot Company Award from Cyber Defense Magazine’s Global InfoSec Awards, and Aliro Co-Founder and CTO, Dr. Prineha Narang, was named Science Envoy for Quantum Information Science and Technology by the U.S. Secretary of State, one of seven distinguished scientists to serve for 2023.