Identity security and quantum resilience company Lastwall announced on Wednesday that it has raised $11.5 million (C$16 million) in a Series A extension round to accelerate its expansion in North America.
The funding round was led by the Business Development Bank of Canada (BDC) through its StrongNorth Fund, with participation from NBIF, Frostbite Capital, Blue Bear Capital, 18West, and Blue Wing Ventures.
Lastwall told SecurityWeek that it previously raised $1 million (C$1.4 million) in seed funding and $6.7 million (C$9.5 million) in Series A funding.
Headquartered in Canada and with offices in the United States, Lastwall provides secure identity management solutions for defense and government organizations, focusing on countering credential-based attacks, phishing, and post-quantum threats.
Its primary offering, the IDCommand Suite, is a unified identity platform that combines zero-trust architecture with PKI and supports passwordless authentication.
The IDCommand Suite ships in three configurations: Enterprise, a cloud-native identity provider for standard and hybrid environments; Tactical, a field-deployable on-premises variant built for denied, degraded, intermittent, and low-bandwidth (DDIL); and BOLT, a biometric add-on that delivers AAL-3 assurance.
The solution is designed to evaluate 200 contextual signals — including keystroke cadence, mouse movement, and hardware profiling — to assign a risk score to each login attempt and trigger additional authentication when needed.
Lastwall’s second product, Quantum Shield, is a quantum-safe TLS terminator and load balancer deployable through the AWS Marketplace. It secures data in transit by applying NIST-approved post-quantum cryptography (PQC) algorithms, while maintaining backward compatibility with conventional encryption.
The solution is device-agnostic and is designed to update in line with evolving PQC standards.
“We proved our model in the world’s most demanding federal market,” said Karl Holmqvist, founder and CEO of Lastwall. “We earned FedRAMP Moderate Authorization, secured U.S. government systems, and built a platform for the realities of modern cyber warfare. Now, we’re bringing those trusted capabilities home to help strengthen Canada’s cyber resilience at a defining moment for national security.”
*updated with information on previous funding rounds
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