The World Economic Forum expects there to be 41.6 billion connected devices worldwide by 20251 and data security is an ever-present problem, with the global average cost of a single data breach was over $4.2m last year2. Data encryption depends on a source of random numbers, but existing random number generators can be vulnerable to bias and brute force attacks. They can also be limited in terms of generation rate and be susceptible to hardware attacks as happened in the 2013 Taiwan smartcard breach.
Quantum Dice is an award-winning spinout from the University of Oxford. It is developing the first compact, high-speed and continuously self-certifying quantum random number generator (QRNG). Self-certification is a unique feature which enables a real-time and reactive health check of the encryption key generator which assures users of the quality and quantity of encryption keys. Quantum Dice’s QRNG is eight times faster than the closest market competitor in terms of generation.
Quantum Dice is creating standards for QRNGs alongside the UK’s National Physical Laboratory and is currently working with customers to integrate QRNGs into security systems for a wide range of applications, from protecting terrestrial networks to satellite communication systems.
Wenmiao Yu is the co-founder and Director of Business Development at Quantum Dice where she leads on QRNG market creation. She describes her motivation to join the Shott Scale up Accelerator in October 2022 as “to form a strong peer-to-peer network with other founders/leaders who are looking to scale engineering-focused businesses within the UK”.
Mentorship from seasoned business professionals within the Royal Academy of Engineering and the Enterprise Hub’s wide network will enable Wenmiao to think strategically about scale up challenges and work with her co-founders to grow Quantum Dice into an anchor company within the UK’s quantum technologies industry.
Her vision for Quantum Dice over the next 12 to 18 months is to expand its technical and commercial teams to secure sales contracts for its commercially available server-rack QRNG product, and to raise a seed round of funding to accelerate its entry into the Industrial-IoT market.
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