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

Here’s the summarized information regarding QNu Labs based on the provided details:

QNu Labs Overview:

• Location: Bengaluru, India
• Focus Area: Quantum cybersecurity

Funding Details:

• Total Amount Raised: ₹60 crore (approx. $7.2 million USD) in Series A funding
• Funding Date: 2024 (exact date not specified)

Lead Investor:

• National Quantum Mission (NQM)
  • Amount: ₹25 crore

Participating Investors:

1. Lucky Investment
2. Speciale Invest
3. Tenacity Ventures
4. Singularity AMC

Startup Information:

• Founders: Sunil Gupta (CEO)
• Established By: IIT Madras incubation

Product Offering:

• Solutions:
  • Quantum Key Distribution systems
  • Post-Quantum Cryptography tools

Target Industries:

• Banking, Financial Services, and Insurance (BFSI)
• Telecom
• Healthcare

Milestones:

• Successful deployments with Indian defense forces
• Gaining traction with enterprise customers, with expectations of major announcements from large banks and telcos

Future Plans:

• Scale commercial operations
• Expand research and development
• Build global partnerships

This consolidated information provides a clear picture of QNu Labs’ recent funding round and operational focus.

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2026-04-29 18:00:00