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

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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.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….



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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.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….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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