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TRUMPF Venture Invests in Quantum Technology Startup Quside - 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 located in a photonic chip - Quside.com / TRUMPF.com
TRUMPF Venture Invests in Quantum Technology Startup Quside

 

PRZOOM - /newswire/ - Ditzingen, Baden-Württemberg, Germany, 2023/01/19 - 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 located in a photonic chip - Quside.com / TRUMPF.com.

   
 
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• As extremely powerful random number generators, Quside's chips ensure highly secure encryption;
• The market volume for such random number generators is expected to be around 10 billion euros by 2026;
• The chip also enables simulations such as traffic predictions to be performed up to 20 times faster and with greater energy-efficiency.

Using the quantum mechanical properties of light, it produces completely random number combinations very quickly (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. The chip is compatible with common semiconductor manufacturing (CMOS), which enables easy mass production. Quside (quside.com) 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.

The chip can be integrated into common manufacturing processes

Quside's chip enables the encryption of messages that even computationally powerful quantum computers cannot decrypt. Currently, there is already a great demand in industries where security plays a major role. In the coming years, the technology could also play an increasingly important role in private devices. In 2026, the market of random number generators is expected to be between around seven and ten billion euros worldwide, depending on the forecast.

Fast and energy-saving simulations

In addition to encryption, Quside's random number generator also enables a faster and more energy-efficient calculation of simulations. 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.

Digital photographs in print-ready resolution are available to illustrate this press release. They may only be used for editorial purposes. Use is free of charge when credit is given as “Photo: TRUMPF”. Graphic editing except for cropping the main subject is prohibited. Additional photos can be accessed at the TRUMPF Media Pool.

About TRUMPF Photonic Components

TRUMPF Photonic Components (trumpf.com) is a global technology leader, supplying VCSEL and photodiode solutions for the consumer electronics, datacom, automotive, industrial sensing and heating markets. So far, more than two billion VCSEL chips and photodiodes have been shipped worldwide. With over twenty years of experience, the company maintains its leadership position by continuing to drive its technological know. This long-established technology was acquired by TRUMPF in 2019. The company has its headquarters in Ulm, Germany, with further sales locations in the Netherlands, China, Korea and the US.

TRUMPF Photonic Components belongs to the TRUMPF Group, a high-technology company that offers production solutions in the machine tool and laser sectors. TRUMPF is the world technological and market leader for machine tools used in flexible sheet metal processing, and also for industrial lasers and metal 3D printing. In the 2021/22 fiscal year, the company employed some 16,500 people and generated sales of about 4.2 billion euros (preliminary figures). With over 80 subsidiaries, the TRUMPF Group is represented in nearly every European country, in North America, South America and Asia. The company has production facilities in Germany, France, the United Kingdom, Italy, Austria, Switzerland, Poland, the Czech Republic, the United States, Mexico and China.

 
 
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Agency / Source: JK Lasers | SPI Lasers UK Ltd | TRUMPF

 
 

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TRUMPF Venture Invests in Quantum Technology Startup Quside

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Photonic Chip from Quside | TRUMPF
Contact: Dr. Manuel Thomä - TRUMPF.com 
+49 7156-30330992 manuel.thomae[.]trumpf.com
 
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