Trumpf Venture invests in quantum startup
Quside's InP random number generator chips ensure highly secure encryption
Trumpf Venture is making a multimillion euro investment in the Spanish startup Quside. The company's core product is a high-performance random number generator built on a photonic InP chip .
Using the quantum mechanical properties of light, the Quside chip produces completely random number combinations in Gb/s. This makes it possible to improve the encryption of messages enormously.
It can also be used to perform simulations such as risk analyses in the financial sector or weather forecasts much faster and with far greater energy-efficiency, according to the company. This means, for example, that traffic forecasts can be calculated up to ten times faster. Energy consumption is up to 20 times lower. Such simulations are also used by the insurance industry, the logistics sector and the pharmaceutical industry.
The chip is compatible with common semiconductor manufacturing (CMOS), which enables easy mass production.
Quside is based in Castelldefels near Barcelona and currently employs around 30 people. Founded in 2018, the startup's first customers are from sectors with high security requirements, such as aerospace. The company plans to expand into the consumer market in the coming years, to use chips to increase the security of smartphones, tablets or even vehicles.
In 2026, the market of random number generators is expected to be between around seven and ten billion euros worldwide, depending on the forecast.