Lastwall Raises $16M Series A for Quantum-Resilient Identity Defense

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Lastwall, a company that builds identity-first authentication and quantum-resilient software architecture for enterprises, has closed a $16 million Series A extension. The Business Development Bank of Canada led the round through its newly launched $300 million defense-focused equity vehicle, the StrongNorth Fund. This was the fund’s first investment into the cybersecurity sector.

The round also marked the largest single capital commitment in the history of the New Brunswick Innovation Foundation. Frostbite Capital joined as well, along with returning backers Blue Bear Capital, BlueWing Ventures, and 18West.

Lastwall’s software builds native post-quantum cryptography wrappers directly into its verification pipeline. The platform aligns with NIST SP 800-53/63 data control baselines and holds an active FedRAMP Moderate Authorization along with U.S. Department of Defense Impact Level 2 compliance.

With the new capital, Lastwall plans to scale deployment of its security architecture across North American municipal utilities, defense infrastructure, and public sector cloud portals. The company is based in Fredericton, New Brunswick, and has spent close to a decade supplying identity verification software to the U.S. Department of War and the Government of Canada.