Deep Blue Ventures (DBV), the venture capital fund specialising in deep tech technologies and managed by Deep Ocean Capital, and Emerald Development Managers, a US venture capital firm specialising in early-stage deep tech with experience in advanced technological innovation, announce a strategic investment in Random Power (RaP!), an Italian deep tech company that is redefining the fundamentals of digital security through the use of quantum randomness.
Alongside the lead investors, the €2.6 million round sees the participation of a pool of strategic investors including 40Jemz Ventures and Galaxia, the national technology transfer hub for aerospace, created on the initiative of CDP Venture Capital’s Technology Transfer Fund together with Obloo Ventures. The transaction marks a decisive step in the construction of an international ecosystem capable of connecting scientific research, semiconductors and cybersecurity, bringing together capital and expertise from Europe and the United States.
The investment aims to accelerate the transformation of quantum research into industrial infrastructure, supporting the commercialisation of the quantum random number generator (QRNG) platform developed by Random Power and strengthening European leadership in the emerging field of quantum security, an area set to become one of the cornerstones of global digital security and technological sovereignty in the future.
Random Power’s technology addresses one of the most critical and as yet unresolved issues in modern cryptography: the quality of randomness. In a context where threats based on quantum computers and artificial intelligence are redefining security standards, traditional random number generators represent the most vulnerable link in the cryptographic chain. Random Power’s solution, developed as part of the European Attract programme coordinated by CERN and fully compatible with CMOS technology, translates quantum research into concrete industrial applications: it generates numbers with a very high level of randomness, based on the fundamental laws of quantum mechanics, and integrates them directly into next-generation chips. This is a strategic resource for protecting critical infrastructure, communication networks, IoT systems and cloud architectures, paving the way for silicon-based quantum security and the large-scale deployment of future-proof technologies.
The funds raised will enable Random Power to make the crucial transition from research to industrial production, completing the industrialisation and certification of its flagship products, designed to translate quantum theory into concrete solutions for digital security. The first notable result is a QRNG ASIC, a quantum chip that integrates quantum randomness directly into embedded and IoT devices, enabling new generations of secure, scalable and low-power systems. The second is a 64x multi-generator board, designed for data centre and cloud environments and for applications such as entropy-as-a-service, post-quantum cryptography and secure management of high-intensity data flows.
The capital raised will also enable the company to strengthen its sales team and consolidate strategic partnerships in Europe and the United States, accelerating market adoption and the development of a digital security ecosystem anchored in quantum physics.
“Quantum technologies are now one of the most strategic and transformative frontiers of deep tech: not only for their computing power, but also for their ability to redesign the entire digital security infrastructure on which the smooth functioning of our societies will be based in terms of integrity and sovereignty in the coming decades,” says Domenico Nesci, CEO of Deep Ocean Capital, in a statement. . “With Random Power, we are investing in the convergence of quantum physics, cybersecurity and microelectronics, an area in which Europe is called upon to develop its own industrial and technological capabilities in order to remain a key player. Our mission is to transform scientific excellence into industrial infrastructure by supporting companies that can truly become strategic enablers of European technological sovereignty.”
The investment in Random Power is part of Deep Ocean Capital’s broader strategy to consolidate a European ecosystem in the field of deep tech, from quantum to photonics, cybersecurity to aerospace, and artificial intelligence. Through the Deep Blue Ventures and Deep Blue Ventures Space funds, the company supports start-ups and spin-offs from centres of research excellence, facilitating the transition from scientific research to industrial scale and contributing to the development of European technological leadership.
“After several years of research into post-quantum cryptography solutions, we chose to invest in Random Power because its revolutionary quantum technologies directly address the existential risk that quantum computing poses to the world’s most secure encryption systems,” said Charles Collins, partner at Emerald Development Managers. . “We believe Random Power’s unique, patented and elegant technology, which fights quantum with quantum, offers a superior combination of true non-deterministic randomness, minimal size, lower power consumption, reduced costs and the simplest on-chip integration. A frontier technology developed for particle and photon physics and perfected over more than a decade by Massimo Caccia and his extraordinary team. Random Power comes at a crucial time to counter malicious actors and nation states that are aggressively adopting capture-now, decrypt-later strategies. The timing of Q-day remains debated, but the urgency of quantum-safe encryption is not.
“Our story began with an idea that came about almost by chance, which, thanks to our commitment and the support of the European Commission, we were able to transform into a solid and fully developed technological platform. Today, the conditions were ripe for a significant evolution of the project, and we would like to express our sincere gratitude to the investors who have chosen to accompany us in this transition, offering strategic support that goes beyond the strictly financial dimension,” says Massimo Caccia, CEO and co-founder of Random Power (pictured).
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