Cyber security firm QNu Labs bags Rs 60 crore from govt's NQM, others
Bengaluru-based
QNu Labs
, a
quantum cybersecurity
startup has raised Rs 60 crore in a Series A round led by the
National Quantum Mission
(NQM) with Rs 25 crore, marking the government's first strategic investment in a private deep tech startup in quantum communications.
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The IIT-Madras incubated startup has developed commercially ready - indigenous, deep-tech solutions for quantum computers.
Once fully developed, these computers could easily break today's encryption methods that secure everything from banking transactions to defence secrets.
by Taboola
by Taboola
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Anticipating this risk-much like building seatbelts for a future car crash, QNu Labs offers
quantum key distribution
(QKD) systems and
post-quantum cryptography
(PQC) tools that can secure sensitive data.
The Series A round was led by Department of Science and Technology's NQM with participation from Lucky Investment, Speciale Invest, Tenacity Ventures and Singularity AMC.
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QNu Labs so far has raised a total funding of $20 million.
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