NXM Labs invests in Ryerson University’s cybersecurity research lab


Ryerson University’s Cybersecurity Research Lab (CRL) has secured funding from NXM Labs, a security and data integrity software developer. The agreement will be managed by the Center for Autonomous Security and Data Integrity, NXM’s corporate research lab.

“This is a win-win for NXM and Ryerson as we focus our expertise on one of the hottest technology sectors.”

Through the funding, NXM and Ryerson will jointly explore advanced crypto and quantum solutions for 5G IoT device networks. Atefeh Mashatan, a cybersecurity researcher who leads the CRL, will work to use NXM’s investment with those of other funders to accelerate research efforts.

“We are thrilled to be working with NXM to address the impact of quantum computing and AI on security,” said Mashatan. “The company already has a strong intellectual property foundation in autonomous security and we aim to enhance it quickly with our academic research resources on crypto agility, quantum computing and quantum-resistant technologies. This is a win-win for NXM and Ryerson as we focus our expertise on one of the hottest technology sectors.”

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The CRL is an academic research facility at the Ted Rogers School of Management at Ryerson University. The lab pilots information security research, trains future cybersecurity experts, and is directing a dialogue with the information and communications technology industry.

The lab’s objective is to help organizations find innovative and cost-effective cyber risk mitigation strategies and solutions. Some of its projects include developing a blockchain adoption framework for businesses, exploring barriers and drivers to blockchain adoption, and developing ways to build post-quantum blockchain.

NXM Labs is a San Francisco-based developer that works across sectors, including in communications, automotive, and enterprise software, to develop advanced commercial applications in cryptography, distributed ledger, machine learning, 5G, and quantum proofing.

Mashatan is also a professor of Information Technology Management at Ryerson, with a research focus on information systems security, cryptography, and combinatorics. She also led the evaluation of security systems and provided expertise on threat and risk management for CIBC.

“In our opinion, Dr. Mashatan is one of the finest cybersecurity researchers around, given her extensive academic credentials as well as industry experience,” said Jay Fallah, CTO and co-founder of NXM Labs. “She’s ideally suited to do this type of research and complements our work with distributed ledgers. We’re looking forward to some early successes with Dr. Mashatan and her research team to enhance our IP portfolio.”

Image courtesy Pixabay.

Isabelle Kirkwood

Isabelle Kirkwood

Isabelle is a Vancouver-based writer with 5+ years of experience in communications and journalism and a lifelong passion for telling stories. For over two years, she has reported on all sides of the Canadian startup ecosystem, from landmark venture deals to public policy, telling the stories of the founders putting Canadian tech on the map.

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