Lastwall, a company specializing in identity security and quantum resilience, has successfully raised $11.5 million in a Series A extension round. This funding is set to boost its expansion efforts within the North American market.
Details of the Funding Round
The recent investment round was spearheaded by the Business Development Bank of Canada (BDC) via its StrongNorth Fund. Other contributors included NBIF, Frostbite Capital, Blue Bear Capital, 18West, and Blue Wing Ventures. This collaboration underscores a shared commitment to advancing cybersecurity technology.
Innovative Security Solutions
Based in Canada, with additional offices in the United States, Lastwall offers robust identity management solutions tailored for defense and government entities. The company focuses on mitigating credential-based attacks, phishing, and threats from quantum computing advancements. Their flagship product, the IDCommand Suite, integrates zero-trust architecture with Public Key Infrastructure (PKI) and supports passwordless authentication.
The IDCommand Suite is available in three versions: Enterprise, a cloud-native identity provider for standard and hybrid setups; Tactical, which is suitable for challenging environments with limited connectivity; and BOLT, a biometric module offering high assurance authentication.
Advanced Technology for a Secure Future
Furthermore, the IDCommand Suite analyzes 200 contextual signals, such as keystroke patterns and hardware assessments, to assign risk scores to login attempts, prompting additional verification if necessary. Lastwall also offers Quantum Shield, a TLS terminator and load balancer that utilizes NIST-approved post-quantum cryptography algorithms, ensuring secure data transmission while maintaining compatibility with existing encryption technologies.
Quantum Shield is adaptable to various devices and is designed to evolve alongside post-quantum cryptography standards, providing a future-proof solution for data security.
Karl Holmqvist, the founder and CEO of Lastwall, stated, “Having proven our capabilities in the rigorous federal market, we’ve achieved FedRAMP Moderate Authorization and safeguarded U.S. government systems. Our platform is poised to enhance Canada’s cyber resilience at a pivotal time for national security.”
This strategic funding positions Lastwall to significantly contribute to strengthening cybersecurity infrastructure across North America, offering advanced solutions against emerging digital threats.
