QIZ Security Raises $17 Million to Expand Cryptographic Governance Platform

Israeli startup QIZ Security said it has secured $17 million in seed funding to support its cryptographic posture management and post-quantum cryptography (PQC) platform. The round was led by Bessemer Venture Partners and Merlin Ventures, with additional backing from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital.

The company said the new capital will help it scale operations and continue developing its technology for managing encryption across modern enterprise environments. QIZ Security’s platform is designed to give organizations visibility into cryptographic use across on-premises, cloud, and hybrid systems.

What the platform does

According to the company, the system continuously identifies cryptographic assets, links them to applications and business services, and highlights weaknesses such as outdated protocols, weak cipher suites, and gaps in encryption for data both in transit and at rest.

It also prioritizes findings based on technical severity and business impact, then produces a remediation plan intended to help security teams focus on the most urgent issues first. QIZ says the platform integrates through APIs rather than agents or network probes, which it says can make deployment easier and support coordination among security, compliance, and application teams.

Why the company is focused on PQC

QIZ Security is also positioning itself around the transition to post-quantum cryptography, a shift many security leaders expect to become more urgent as quantum computing advances. The company argues that organizations need continuous cryptographic governance before they can plan a safe migration to quantum-resistant standards.

“Post-quantum readiness is quickly becoming a board-level cybersecurity and business priority,” said CEO Ben Volkow. He added that organizations cannot protect what they have not discovered and cannot manage cryptographic risk through occasional assessments alone.

The startup was founded by Volkow, Lenny Ridel, and Itan Barmes. The funding comes amid broader investor interest in tools that help enterprises inventory encryption, reduce exposure, and prepare for post-quantum threats.

• Funding amount: $17 million seed round
• Lead investors: Bessemer Venture Partners and Merlin Ventures
• Focus areas: cryptographic posture management and PQC readiness
• Deployment model: API-based integration for hybrid environments