On 26 November, a meeting took place at the Ministry of Economics between Acting State Secretary, Deputy State Secretary Raivis Bremšmits and representatives of the Canadian startup “NtangledState Latvia,” during which the establishment of the company’s regional center in Latvia was discussed.
Representatives of “NtangledState” stated that the company is currently setting up a European regional center in Riga, which will serve as a platform for developing quantum-secure digital trust services. Gradual expansion is planned in the future, along with increased investment in research. The company’s primary interest is to attract highly qualified specialists, planning to hire up to 250 employees over the next few years.
The office in Latvia is expected to coordinate operations in the Baltic states, Poland, and possibly Scandinavia. Work in Riga is scheduled to begin at the start of 2026. Initially, the company plans investments of approximately EUR 10 million in Latvia.
During the meeting, Acting State Secretary, Deputy State Secretary Raivis Bremšmits emphasized that Latvia has strong potential to develop innovative solutions and create a competitive environment, particularly in RIS3 specialization areas.
The company’s representatives visited Latvia for the second time. The first visit took place in February of this year within the framework of “TechChill 2025,” while during the second visit, they met with the management of the Ministry of Economics and the Investment and Development Agency of Latvia (LIAA) and established the company’s branch in Latvia.
“NtangledState” is a Canadian startup in the information and communication technology sector specializing in quantum-secure digital certificate management solutions. The technology developed by the company is positioned as the only currently available secure and efficient solution in this field.