VC Fund Investments
Cyber security firm QNu Labs raises Rs.60-Cr from govt's NQM, others
Bengaluru-based QNu Labs , a quantum cybersecurity startup has raised INR 60 crore in a Series A round led by the Department of Science and Technology's National Quantum Mission (NQM), which put in INR 25 crore. This marks the government's first investment in a private deep-tech startup in quantum communications. The Series A round also had participation from Lucky Investment, Speciale Invest, Tenacity Ventures and Singularity AMC.The IIT-Madras incubated startup has developed indigenous, deep-tech solutions for quantum computers. QNu Labs so far has raised USD 20 million.
Between Nov 2021 and Dec 2023, QNu had attracted about USD 8 M from Ashish Kacholia, Speciale Invest and Others.
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