Quantum-safe cybersecurity technology firm QNu Labs raises $6.5M in a pre-Series A1 round

QNu Labs, an Indian quantum-safe cybersecurity technology firm, has raised $6.5 million in a pre-Series A1 funding round led by Ashish Kacholia of Lucky Investments, with participation from Speciale Invest and a notable family fund. 

Enhancing cybersecurity in the quantum age

QNu Labs, incubated in 2016 at IIT Madras Research Park, specializes in quantum and post-quantum cryptography solutions. The firm said that its patented technology is designed to protect against advanced threats targeting critical information infrastructure, communication, and personal data. 

With quantum computing posing new challenges to traditional encryption methods, QNu's solutions aim to provide unconditional and forward security for data on the internet, cloud, and edge.

Focusing on expansion 

The funding will primarily fuel QNu Labs' growth phase, including global expansion efforts and strengthening its leadership team with key hires in senior sales, marketing, and engineering roles.

Sunil Gupta, Co-founder and CEO of QNu Labs, emphasized the company's mission to refine its quantum technology solutions and solidify India's position as a hub of quantum technological excellence.

"With these funds, we're poised to accelerate the completion of our state-of-the-art quantum technology solutions, further enhancing our product suite that's already leading the market. 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, Co-founder and CEO, QNu Labs.

"Our investment in QNu Labs is a clear indicator of our confidence in their ability to lead and innovate in the rapidly evolving quantum tech landscape. Their commitment to pioneering quantum-safe technologies aligns perfectly with our vision of empowering trailblazers in tech innovation. We're proud to be part of this journey, investing in a future that promises enhanced security and innovation in the quantum era,” said Ashish Kacholia of Lucky Investment.

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