Lastwall Raises $11.5 Million for Quantum-Resilient Identity Platform

Identity security and quantum resilience company Lastwall announced on Wednesday that it has raised $11.5 million (C$16 million) in a Series A extension round to accelerate its expansion in North America. The funding round was led by the Business Development Bank of Canada (BDC) through its StrongNorth Fund, with participation from NBIF, Frostbite Capital, Blue Bear Capital, 18West, and Blue Wing Ventures. Headquartered in Canada and with offices in the United States, Lastwall provides secure identity management solutions for defense and government organizations, focusing on countering credential-based attacks, phishing, and post-quantum threats.  Its primary offering, the IDCommand Suite, is a unified identity platform that combines zero-trust architecture with PKI and supports passwordless authentication. The IDCommand Suite ships in three configurations: Enterprise, a cloud-native identity provider for standard and hybrid environments; Tactical, a field-deployable on-premises variant built for denied, degraded, intermittent, and low-bandwidth (DDIL); and BOLT, a biometric add-on that delivers AAL-3 assurance.  The solution is designed to evaluate 200 contextual signals — including keystroke cadence, mouse movement, and hardware profiling — to assign a risk score to each login attempt and trigger additional authentication when needed.  Lastwall’s second product, Quantum Shield, is a quantum-safe TLS terminator and load balancer deployable through the AWS Marketplace. It secures data in transit by applying NIST-approved post-quantum cryptography (PQC) algorithms, while maintaining backward compatibility with conventional encryption.  The solution is device-agnostic and is designed to update in line with evolving PQC standards. “We proved our model in the world’s most demanding federal market,” said Karl Holmqvist, founder and CEO of Lastwall. “We earned FedRAMP Moderate Authorization, secured U.S. government systems, and built a platform for the realities of modern cyber warfare. Now, we’re bringing those trusted capabilities home to help strengthen Canada’s cyber resilience at a defining moment for national security.” Related: Ocean Emerges From Stealth With $28M for Agentic Email Security Platform Related: Socket Raises $60 Million at $1 Billion Valuation Related: Quantum Bridge Raises $8 Million for Quantum-Safe Key Distribution Solution WRITTEN BY SecurityWeek News More from SecurityWeek News Watch on Demand: Threat Detection & Incident Response Summit – All Sessions Available In Other News: Industrial Router Exploitation, CISA KEV Nomination Form, Gas Station Hacking Ocean Emerges From Stealth With $28M for Agentic Email Security Platform Quantum Bridge Raises $8 Million for Quantum-Safe Key Distribution Solution Virtual Event Today: Threat Detection & Incident Response Summit In Other News: Big Tech vs Canada Encryption Bill, Cisco’s Free AI Security Spec, Audi App Flaws Webinar Today: ROI for Cyber-Physical Security Programs Exaforce Raises $125 Million for Agentic SOC Platform Latest News RevEng.AI Raises $15 Million to Hunt for Flaws and Backdoors in Software Binaries Romanian Hacker Sentenced to Prison in US for Selling Access to State Network The Credential Crisis: How Stolen Credentials Defeat Modern Security ‘SymJack’ Attack Turns AI Coding Agents Into Supply Chain Attack Delivery Systems GlassWorm Botnet Disrupted LA Metro Cyberattack Linked to Iranian State-Sponsored Hackers FBI: Hackers Sending Operatives in Person to Insert USB Drives and Steal Data CISA Urges Immediate Patching of Exploited LiteSpeed cPanel Plugin Zero-Day Trending Virtual Event: Threat Detection And Incident Response Summit On-Demand Delve into big-picture strategies to reduce attack surfaces, improve patch management, conduct post-incident forensics, and tools and tricks needed in a modern organization. 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