Cyber Security Firm QNu Raises Rs 60 Cr In Series A Round Led By NQM

Quantum cybersecurity startup QNu has raised Rs 60 crore in a Series A funding round led by the National Quantum Mission (NQM) , which contributed Rs 25 crore.

This marks the government’s first strategic investment in a private deep-tech startup in quantum communications.

Lucky Investment, Speciale Invest, Tenacity Ventures, and Singularity AMC, also participated in this round.

With this round, QNu Labs has raised a total of $20 million so far.

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The IIT Madras-incubated startup will use the funds to grow its business, strengthen research and development and build global partnerships.

The startup has built advanced, made-in-India technology for quantum computers.

In the future, these powerful computers could break the encryption that protects things like bank transactions and defence data. To prepare for this risk—like adding seatbelts before a crash—QNu Labs offers tools like quantum key distribution and post-quantum cryptography to keep sensitive information safe.

“After successful deployments for the Indian defence forces, we’re seeing growing traction in BFSI (banking, financial services and insurance), telecom and healthcare. We already have four to five enterprise customers and expect major announcements from large banks and telcos soon,” QNu Labs CEO Sunil Gupta.

“There are only two or three serious players globally, and we’ve already won most of the deals against them. We’re one of the very few in the world offering full-stack, commercially ready quantum-safe solutions,” Gupta emphasised.

Vishesh Rajaram, managing partner, Speciale Invest, one of the investors, said, “As one of our earliest investments, we've seen the team build patiently, layer by layer, a quantum security stack that’s truly world-class.”

About QNu Labs

The Bengaluru-based QNu Labs is working to protect data from future risks caused by quantum computers. As these computers get more powerful, they could break today’s encryption methods.

The startup says it has built quantum key distribution (QKD) systems and post-quantum cryptography (PQC) tools to secure important data in areas like finance, defence and critical infrastructure.

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