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zerothird - About the company

zerothird is a seed company based in Vienna (Austria), founded in 2023. It operates as a Developer of quantum key distribution systems and related lab equipment. zerothird has raised $10M in funding from Sparring Capital and Verbundx. The company has 173 active competitors, including 27 funded and 2 that have exited. Its top competitors include companies like QNu Labs, QuintessenceLabs and SandboxAQ.

Company Details

Developer of quantum key distribution systems and related lab equipment. The company provides quantum-grade protection through entangled photon sources and detector systems. It delivers enterprise-grade quantum keys as a managed service. The company's systems are engineered for deployment across enterprise and infrastructure networks.
Key Metrics
Founded Year
2023
Location
Vienna, Austria
Stage
Seed
Total Funding
$10M in 2 rounds
Latest Funding Round
Ranked
Employee Count
28 as on Sep 30, 2026
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zerothird's funding and investors

zerothird has raised a total funding of $10M over 2 rounds. Its first funding round was on Jul 01, 2025. Its latest funding round was a Seed round on Mar 23, 2026 for $*****. 2 investors participated in its latest round. zerothird has 4 institutional investors.

Here is the list of recent funding rounds of zerothird:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Mar 23, 2026
1604883
Seed
5725921
7950622
3702131
9850975
Jul 01, 2025
9754759
Seed
2287621
2054872
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zerothird's founders and board of directors

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zerothird's employee count trend

zerothird has 28 employees as of Sep 26. Here is zerothird's employee count trend over the years:
Employee count trend for zerothird
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zerothird's Competitors and alternates

Top competitors of zerothird include QNu Labs, QuintessenceLabs and SandboxAQ. Here is the list of Top 10 competitors of zerothird, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for QNu Labs
QNu Labs
2016, Bengaluru (India), Series A
Provider of quantum cryptography solutions, key distribution, random number generation
$43.3M
70/100
2nd
Logo for QuintessenceLabs
QuintessenceLabs
2008, Canberra (Australia), Series B
Provider of quantum cybersecurity solutions, including key management and distribution
$52.7M
67/100
3rd
Logo for SandboxAQ
SandboxAQ
2022, Palo Alto (United States), Series E
Developer of quantitative artificial intelligence models for various industry applications
$950M
64/100
4th
Logo for SEALSQ
SEALSQ
2022, Cointrin (Switzerland), Public
Manufacturer of semiconductor chips, embedded firmware, and other products
-
-
62/100
5th
Logo for BTQ
BTQ
1998, Vancouver (Canada), Public
Provider of a platform offering post-quantum blockchain scaling solution
-
61/100
6th
Logo for PQShield
PQShield
2018, Oxford (United Kingdom), Series B
Provider of quantum computing solutions for secured communication
$65.3M
58/100
7th
Logo for QuSecure
QuSecure
2019, San Mateo (United States), Series A
Provider of platform for cryptographic discovery, remediation, and compliance reporting
$28M
56/100
8th
Logo for Naoris Protocol
Naoris Protocol
2017, Wilmington (United States), Series A
Provider of a platform offering a suite of cybersecurity solutions
$15.1M
56/100
9th
Logo for PQ Solutions
PQ Solutions
2009, London (United Kingdom), Series A
Post quantum encryption based data and communication security
$16.9M
55/100
10th
Logo for Sitehop
Sitehop
2021, Sheffield (United Kingdom), Series A
Provider of network security solutions for enterprises
$18.1M
54/100
12th
Logo for zerothird
zerothird
2023, Vienna (Austria), Seed
Developer of quantum key distribution systems and related lab equipment
$10M
52/100
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zerothird's Investments and acquisitions

zerothird has made no investments or acquisitions yet.

Reports related to zerothird

Here is the latest report on zerothird's sector:

News related to zerothird

Media has covered zerothird for a total of 4 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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