Founder · QNu Labs

Mark Mathias

Co-founder of QNu Labs, a quantum cybersecurity company based in Bengaluru.

Co-founderBengaluruQuantum Cybersecurity
Founded
2016
Bengaluru, India
Raised to date
$34.5M
3 rounds on record
Latest round
Series A1
$21M · September 2026
Team
51–200
QuNu Labs Private Limited

About

Mark Mathias is Co-founder of QNu Labs, a quantum cybersecurity company based in Bengaluru, founded in 2016. QNu Labs's most recent disclosed round was a funding round of $21M in September 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2016
QNu Labs
Quantum Cybersecurity · Bengaluru · 51–200 people · Active

QNu Labs builds quantum-safe cybersecurity products designed to protect data and communications against decryption by future quantum computers. Founded in 2016 by Sunil Gupta, Srinivasa Rao Aluri, Mark Mathias and Anil Prabhakar and incubated at IIT Madras, the Bengaluru company sells its QShield platform across three technologies: quantum random number generation through Tropos, quantum key distribution through Armos, and post-quantum cryptography. Its quantum-safe VPN is its most sought-after product, and it has deployed across government, critical infrastructure and banking, financial servi

Funding
September 2026Series A1$21MNational Quantum Mission (co-lead), Speciale Invest (co-lead), Sony Innovation Fund, Gaja Capital, Artha Ventures
April 2025Series A$7MNational Quantum Mission (lead, ₹25 crore), Lucky Investment, Speciale Invest, Tenacity Ventures
December 2023Pre-Series A1$6.5MAshish Kacholia, Lucky Investments (lead)
Company profile →3 rounds on record

Journey with QNu Labs

4 milestones
  1. 2016Founded

    Founded by Sunil Gupta, Srinivasa Rao Aluri, Mark Mathias and Anil Prabhakar, and incubated at IIT Madras. It becomes the first Indian company to build commercial cybersecurity products using quantum physics.

  2. 2019Milestone

    Sets up a US subsidiary, QNu Labs Inc, in Massachusetts, to pursue international deployments.

  3. Apr 2025Funding

    Raises a ₹60 crore Series A led by the National Quantum Mission, which puts in ₹25 crore, making a Government of India programme the company's lead investor.

  4. Sep 2026Funding

    Raises ₹200 crore co-led by the National Quantum Mission and Speciale Invest, a single round larger than everything raised in its first decade, on FY25 revenue of ₹40.5 crore.

Also building QNu Labs

SGSunil GuptaCo-founder · CEO→SRSrinivasa Rao AluriCo-founder · Chairman→APAnil PrabhakarCo-founder→

Coverage

1 story
Funding · 9 Sept 2026 · 6 min read
QNu Labs Raises ₹200 Crore, More Than Its Entire First Decade Combined