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….