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SEALSQ Invests $10 Million in WISeSat.Space, at $115 Million Pre-Money Valuation, to Accelerate Planned Satellite Constellation Deployment, Space-Based Quantum Key Distribution (QKD) Communications, and Decentralized IoT Transactions
Globenewswireยท2025-06-17 13:15

Core Viewpoint - SEALSQ Corp has announced a strategic investment of $10 million in WISeSat.Space AG to accelerate the deployment of a secure, quantum-ready satellite constellation, securing a 9% equity stake in WISeSat based on a pre-money valuation of $115 million [2][3]. Company Summary - SEALSQ focuses on developing and selling semiconductors, PKI, and post-quantum technology hardware and software products [2]. - The investment will enable WISeSat to scale operations and explore strategic partnerships for expanding access to existing satellite infrastructure [3]. - SEALSQ aims to build the world's first quantum-resilient satellite network to provide ultra-secure communications and transactional IoT services globally [6]. Industry Summary - The global quantum communication market was valued at over $1 billion in 2024 and is projected to grow at a CAGR of 31.8% from 2025 to 2030, driven by demand for unbreakable security in finance, healthcare, and defense sectors [7]. - The upcoming launch of WISeSat 3.0 will demonstrate SEALCOIN's capabilities for autonomous, decentralized satellite-to-IoT device transactions, paving the way for a new Satellite-as-a-Service model [8]. - Quantum communication utilizes principles of quantum physics to secure information, making it essential for protecting sensitive data across various sectors, including finance and healthcare [9].