HEST Investments, a Dallas-based private equity firm specializing in biotech, life sciences, and cybersecurity, has made a $1 million strategic investment in Kirkland, Washington-based American Binary, a post-quantum encryption company.
The investment, finalized in the fourth quarter of last year, marks “a significant step towards fortifying digital security as civilization moves toward the quantum computing era,” the PE firm said.
“We’re thrilled to partner with American Binary at this pivotal moment in the evolution of computing technology,” HEST Investments CEO Don Huffines said in a statement. “Their expertise in post-quantum encryption is truly unparalleled, and we believe their solutions will be critical in protecting the digital landscape as quantum computing becomes the next threat.”
HEST said that American Binary is at the forefront of developing cutting-edge encryption solutions designed to safeguard data against the imminent threats posed by quantum computing. The firm said that while AI continues its massive incline, a new era of computational capabilities is coming soon.
American Binary’s technologies serve as an essential preparation tool in ensuring that highly sensitive information remains secure, HEST added.
Quantum computing could ‘revolutionize industries’
According to HEST, quantum computing promises to revolutionize industries by solving complex problems at unprecedented speeds, adding another dimension to the cyber world where its entire existence has ever only been binary.
New challenges in data security are expected along with this shift, the firm said.
Traditional encryption methods are increasingly vulnerable to quantum attacks, necessitating the development of advanced encryption techniques—and HEST says that American Binary’s innovative approach addresses those vulnerabilities, providing “robust security solutions for businesses and governments alike.”
“HEST Investments’ support will enable us to accelerate our research and development efforts, bringing our groundbreaking encryption technologies to market more quickly,” American Binary CEO Kevin Kane said in a statement. “We’re committed to preparing the world for the quantum future, and this investment is a testament to the importance of our mission.”
The firm said that the partnership underscores HEST Investments’ commitment to fostering the growth of visionary companies that are ready to impact the world in a lasting way.
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