QuintessenceLabs Named as Technology Pioneer by World Economic Forum
June 2018 by Marc Jacob
QuintessenceLabs was selected among hundreds of candidates as one of the World Economic Forum’s “technology pioneers.” The company was founded in 2008 by Vikram Sharma, following research on quantum technology at the Australian National University. QuintessenceLabs strengthens data security by integrating advanced quantum technology with best-in-class data protection solutions. These solutions address some of today’s most pressing cybersecurity challenges while preparing organizations for tomorrow’s quantum computing threat to data security. QuintessenceLabs’ products include the world’s fastest commercial quantum random number generator, an advanced encryption key and security policy manager, and “virtual zeroization” solutions to secure sensitive data collected in uncontrolled environments. The company is also a frontrunner in the development of quantum key distribution technology.
The World Economic Forum’s Technology Pioneers community are early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.
This year’s cohort is the most diverse ever, both geographically and in terms of gender. Twenty-five percent are female-led, and a majority (54%) come from regions outside the United States and Silicon Valley, with each continent represented, barring Antarctica. There is also a wide variety in the technologies the pioneers focus on: the focus technologies include artificial intelligence, big data and internet of things (IoT), biotechnology, blockchain, autonomous vehicles, cyber security, vertical farming and other agricultural advances, decentralised microgrids and robotics. The full list of technology pioneers can be found here: http://wef.ch/techpioneers18.
Following QuintessenceLabs’ selection as a Technology Pioneer, Vikram Sharma, Founder and CEO, will be participating in the World Economic Forum Annual Meeting of the New Champions. The meeting, also dubbed “Summer Davos,” will be held in Tianjin, China, September 18-20. Many Pioneers will also attend the Annual Meeting in Davos, in January 2019, and continue to contribute to Forum initiatives over the next two years.
“We welcome QuintessenceLabs in this diverse group of technology pioneers,” says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “QuintessenceLabs and its fellow pioneers are front and centre in shaping the ongoing Fourth Industrial Revolution and we believe they will be transforming society and industry in a positive way in the years to come.”
The Technology Pioneers were selected by a selection committee of more than 60 academics, entrepreneurs, venture capitalists and corporate executives. The committee based its decisions on criteria including innovation, potential impact and leadership. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.