When was ISARA founded?

ISARA was founded in 2015 and raised its 1st funding round 3 years after it was founded.

Where is ISARA located?

ISARA is headquartered in Waterloo, Canada.

How many employees does ISARA have?

As of Aug 31, 2026, the latest employee count at ISARA is 25.

Is ISARA a funded company?

ISARA is a funded company, having raised a total of $10M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Nov 19, 2018.

When was the latest funding round of ISARA?

ISARA's latest funding was a $***** Series A round on Feb 28, 2024, with participation from 1 investor. Its primary sector is Cybersecurity. In Canada, the Cybersecurity sector has seen $16.8M in funding in 2026 to date.

Where does ISARA rank among its competitors?

ISARA ranks 11th amongst 194 active competitors, of which 35 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was QNu Labs, which secured $21M in Sep, 2026.

Who are the top competitors of ISARA?

ISARA's top competitors include QNu Labs, QuintessenceLabs and SandboxAQ. Among them, QNu Labs secured the most recent funding round in September, 2026.

ISARA - 2026 Company Profile, Team, Funding & Competitors

Company Details

Post-quantum encryption-based data security solution. Product IQR Toolkit is a solution for preventing quantum computer attacks on encrypted data. Implements cryptographic algorithms via a library with a C language interface to be deployed on commercial solutions as a drop-in algorithm replacement.

Website: isara.com
Social
Email ID: *****@isara.com

Key Metrics

Founded Year

2015

Location

Waterloo, Canada

Stage

Series A

Total Funding

$10M in 4 rounds

Latest Funding Round

Series A, Feb 28, 2024, $*****

Investors

Government of Canada & 4 more

Ranked

11^th among 194 active competitors

Employee Count

25 as on Aug 31, 2026

Similar Companies

QNu Labs & 228 more

View ISARA's full profile

ISARA has raised a total funding of $10M over 4 rounds. Its first funding round was on Nov 19, 2018. Its latest funding round was a Series A round on Feb 28, 2024 for $*****. 1 investor participated in its latest round. ISARA has 5 institutional investors.

Here is the list of recent funding rounds of ISARA:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 28, 2024	8839999	Series A	2109449	3562127	2605501	6711488
Jan 01, 2023	2593928	Grant (prize money)	7473470	7913130	6146585	Europa
Apr 2019	9387250	Grant (prize money)	2942859	1932076	6368356	Innovation, Science and Economic Development Canada

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View details of ISARA's funding rounds and investors

The founders of ISARA are Michael Brown and Scott Totzke.

Here are the details of ISARA's key team members:

Michael Brown: Co-Founder & CTO of ISARA. They are also an angel investor in 3 startups and serve on the board of 1 company.
Contact Info: 1 email address
Scott Totzke: Co-Founder & CEO of ISARA.

View details of ISARA's Founder profiles and Board Members

ISARA's employee count trend

ISARA has 25 employees as of Aug 26. Here is ISARA's employee count trend over the years:

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Top competitors of ISARA include QNu Labs, QuintessenceLabs and SandboxAQ. Here is the list of Top 10 competitors of ISARA, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	QNu Labs 2016, Bengaluru (India), Series A	Provider of quantum cryptography solutions, key distribution, random number generation	$43.3M	Speciale Invest, National Quantum Mission ... & 95 others	70/100
2nd	QuintessenceLabs 2008, Canberra (Australia), Series B	Provider of quantum cybersecurity solutions, including key management and distribution	$52.7M	Main Sequence, Westpac & 23 others	67/100
3rd	SandboxAQ 2022, Palo Alto (United States), Series E	Developer of quantitative artificial intelligence models for various industry applications	$950M	T. Rowe Price, Breyer Capital & 34 others	64/100
4th	SEALSQ 2022, Cointrin (Switzerland), Public	Manufacturer of semiconductor chips, embedded firmware, and other products	-	-	62/100
5th	BTQ 1998, Vancouver (Canada), Public	Provider of a platform offering post-quantum blockchain scaling solution	-	Quadrilium Ventures, A.G.P. Canada	61/100
6th	PQShield 2018, Oxford (United Kingdom), Series B	Provider of quantum computing solutions for secured communication	$65.3M	Addition, Kindred Capital & 14 others	58/100
7th	QuSecure 2019, San Mateo (United States), Series A	Provider of platform for cryptographic discovery, remediation, and compliance reporting	$28M	EvoNexus, Two Bear Capital & 2 others	56/100
8th	Naoris Protocol 2017, Wilmington (United States), Series A	Provider of a platform offering a suite of cybersecurity solutions	$15.1M	Uniera.ir, weXelerate & 14 others	56/100
9th	PQ Solutions 2009, London (United Kingdom), Series A	Post quantum encryption based data and communication security	$16.9M	Techstars, AM Partners & 15 others	55/100
10th	Sitehop 2021, Sheffield (United Kingdom), Series A	Provider of network security solutions for enterprises	$18.1M	Manta Ray Ventures, Amadeus Capital & 8 others	54/100
11th	ISARA 2015, Waterloo (Canada), Series A	Post-quantum encryption-based data security solution	$10M	Shasta Ventures, Innovation, Science and Economic Development Canada ... & 3 others	53/100