Trumpf Ventures invests in Quside

The Spanish start-up produces random number generators. The exact amount is not known.

Trumpf Ventures is investing an undisclosed single-digit million amount in the Spanish start-up Quside. The corporate venture capital unit of the Trumpf Group invests in early-stage start-ups whose activities fit in with Trumpf's core areas such as Advanced Photonics or Smart Factory Solutions. Quside produces random number generators, a market that Trumpf Ventures expects to be worth between seven and ten billion euros worldwide by 2026.

The company's core product is a high-performance random number generator that uses the quantum mechanical properties of light to quickly produce random number combinations. According to the company, this makes it possible to improve the encryption of messages. Even powerful quantum computers should not be able to crack the codes. According to the company, risk analyses in the financial sector, for example, can also be simulated faster and more energy-efficiently than before.

Quside was founded in 2018 and employs around 30 people. The start-up is based in Castelldefels near Barcelona. The company's customers include companies from sectors with high safety requirements, such as aerospace engineering. Quside also wants to expand into the consumer market in order to make smartphones, tablets and vehicles more secure thanks to the chips.