Scope AI acquires QSE Technology

VANCOUVER — Scope AI acquires QSE Technology, following an agreement with Ovryde. Ovryde has transferred its ownership and rights related to quantum-resilient entropy to Scope AI.

The acquisition allows Scope to offer security solutions designed to be integrated into existing infrastructures, addressing potential risks posed by advancements in quantum computing.

James Young, CEO of Scope AI Corp, said, “The quantum cryptography market is currently at $11 billion for 2024, and is projected to grow to $126 billion by 2033. This tremendous growth highlights the increasing demand for advanced quantum-resilient security solutions, and with our acquisition of QSE Technology, Scope AI is well-positioned to capitalize on this market.”