BETHESDA, Md. and NEW YORK, Jan. 7, 2021 /PRNewswire/ -- Quantum Xchange, a leader in quantum-safe products and services for crypto agility and quantum readiness, today announced that it has completed the initial close on $13.5 million of Series A capital at a $59 million post-money valuation. This follows the company's initial funding of $10 million. The Series A capital will be used to scale operations, continue to innovate on the Phio family of solutions, and help Fortune 1,000 businesses and government agencies prepare for the looming quantum threat – when a quantum computer has the potential to break the encryption on which most enterprises, digital infrastructures, and economies rely.