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Cyber security firm QNu Labs bags Rs 60 crore from govt's NQM, others

Economic Times · 23d

Bengaluru-based QNu Labs, a quantum cybersecurity startup, raised Rs 60 crore in a Series A round led by the National Quantum Mission (NQM), marking the government's first strategic investment in a private deep tech startup focused on quantum communications. The startup, incubated at IIT-Madras, offers quantum key distribution (QKD) systems and post-quantum cryptography (PQC) tools to secure sensitive data against potential quantum computer threats. Total funding for QNu Labs now amounts to $20 million.