Israeli startup QIZ Security announced on Thursday that it has raised $17 million in seed funding for its cryptographic posture and post-quantum cryptography (PQC) management platform.
The funding round was led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital.
The investment will be used to accelerate the company’s growth and enhance its platform.
QIZ Security has developed a platform designed to help organizations govern encryption across on-premises, cloud, and hybrid environments.
The platform continuously discovers cryptographic assets, maps how they connect to applications and business systems, and flags issues such as outdated protocols, weak cipher suites, and encryption gaps affecting data both in transit and at rest.
Beyond discovery, the system ranks identified weaknesses by severity and business impact, then generates a prioritized remediation plan. QIZ’s approach relies on API-based integration rather than agents or network probes, and is intended to support collaboration among CISOs, compliance staff, and application owners.
The company, founded by Ben Volkow, Lenny Ridel, and Itan Barmes, also positions its platform as a response to the looming risk posed by quantum computing.
“Post-quantum readiness is quickly becoming a board-level cybersecurity and business priority,” said Volkow, who serves as the CEO of QIZ Security. “Enterprises cannot migrate what they cannot see, and they cannot manage cryptographic risk through one-time assessments. QIZ gives organizations the continuous control layer they need to understand, govern, and modernize cryptography before Q-Day arrives.”
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