New Delhi, Sept. 9 -- QNu Labs has raised Rs.200 crore in a Series A1 funding round led by the National Quantum Mission and Speciale Invest, with participation from Sony Innovation Fund, Gaja Capital, Artha Ventures and other investors. The round takes the Bengaluru-based quantum-safe cybersecurity company's total capital raised to Rs.375 crore.

The funding comes as governments and enterprises assess how quantum computing could affect existing encryption systems and prepare for migration to post-quantum cryptography. India's National Quantum Mission has set 2029 as a target for quantum technology deployment across sectors.

QNu Labs said it will use the new capital to expand research and development, strengthen its sales and go-to-market...