Wultra, a Prague-based provider of post-quantum authentication and digital identity software for banks and fintechs, has raised 6.8 million euros in a Series A round to expand its tools for protecting logins and credentials against future quantum-computing threats.
The company helps financial institutions replace legacy authentication methods with phishing-resistant, post-quantum technology. It said the round was led by Seventure Partners, with participation from ARIADNEXT founders Marc Norlain and Guillaume Despagne and existing investors J&T Ventures and Elevator Ventures.
Wultra said the proceeds will go toward scaling its digital identity platform and accelerating development of digital identity wallet capabilities to support the rollout of the European Digital Identity Wallet. Having established a regional hub in Singapore, the company plans to expand into the Middle East and the United States, and to grow its team and its focus on large customers.
The company positioned the raise against two shifts: organizations modernizing identity systems to counter AI-enabled fraud, including deepfakes, and a broader move toward post-quantum security following the US National Institute of Standards and Technology’s publication of post-quantum cryptography standards and the migration timelines governments and industry bodies are now setting.
“Last year was a highly dynamic period for Wultra,” said Petr Dvorak, founder and chief executive of Wultra. “We expanded our product portfolio beyond authentication to cover the broader digital identity journey, from onboarding and identity proofing to user authentication, transaction authorization, and electronic signatures.” The company said it grew its team by nearly half over the year, established its Singapore presence, and now supports more than 70 clients across 25 countries, and that in August 2025 it was named the only sample vendor for post-quantum authentication in Gartner’s Hype Cycle for Digital Identity.
The raise adds to investment in quantum-resistant identity technology, after Multifactor raised a seed round for its post-quantum security platform, and as governments harden identity systems, seen when Germany unveiled a proof-of-concept for a quantum-secure national ID card.
Sources: Wultra
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By Ji-seo Kim
