Woofun AI reports that QIZ Security has closed a $17 million seed funding round led by Bessemer Venture Partners and Merlin Ventures. Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital also participated in the investment.

The capital will accelerate product development and market expansion for the post-quantum cryptography management platform. Founded by Ben Volkow, Lenny Ridel, and Itan Barmes, the company assists enterprises in identifying cryptographic asset risks. QIZ Security has established partnerships with Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM, serving sectors including finance, telecommunications, healthcare, and critical infrastructure.