Ashish Kacholia of Lucky Investments led the $6.5 million pre-Series A1 fundraising round for quantum-Safe data security platform QNu Labs.
A family fund and an investment firm Speciale Invest also participated in the round. According to a statement from QNu, the most recent round of capital is primarily intended to support the company’s growth phase, suggesting plans for international expansion and additional senior hires.
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“Our goal is to solidify India’s position as a hub of quantum technological excellence and to emerge as a key player on the global stage, pushing the boundaries of what’s possible in quantum-safe cybersecurity,” said Sunil Gupta, cofounder and CEO of QNu.
Government agencies and the business community have validated QNu’s goods and solutions. The list of distinguished clientele includes prominent corporations, the Indian Army, and the Indian Navy. Renowned space organisations and elite academic institutions are among the partners and collaborators.
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“At Speciale Invest, we are deeply committed to nurturing technological advancements that have a profound impact, not just locally but globally. Our initial investment in QNu Labs back in 2021 was driven by our belief in their potential to revolutionize the quantum technology sector. Seeing them now, achieving the milestone of market entry only reinforces our conviction,” said Vishesh Rajaram, managing partner at Speciale Invest.
About QNu Labs
In terms of goods and solutions for quantum communication, quantum cryptography, and quantum encryption, QNu Labs is a pioneer. The internal team of quantum researchers, professionals, and specialists creates the patented flagship items. In the age of quantum computing, QNu Labs is a byword for security enabled by quantum principles.
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