An investor banker for the last two decades, Srinivasa is a graduate of BITS, Pilani and a Sloan Fellow from the London Business School. Srinivasa Rao Aluri, Co-founder and Chairman, brings with him over 20 years of organisational building and corporate experience in India, UK, and USA. Interestingly, QNu’s founding team has taken two companies to IPO and has done three exits as part of the leadership team of those companies. The team of four set out to usher in a new paradigm in data security using photon light particles. The four founders, all connected through a set of common friends, are scientists and technocrats, each with more than three decades of corporate experience. The startup was born with the intention of protecting national secrets, but the larger inspiration was for an Indian company to build a next-gen trusted platform, a future hyper-connected digital world where privacy and confidentiality of data will be at the premium. QNu Labs was incubated in 2016 at IIT-Madras.
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It also offers an easy and seamless upgrade of existing crypto infrastructure to quantum safe crypto in a matter of a few days, without wastage of existing investments and no change in the network with no disruption in the business or learning curve for the clients. The 100 percent randomness of the keys eliminates any bias or prediction of the keys, offering secure data transmission even in the presence of a man-in-the-middle using Quantum One-Time-Pads.
The startup has filed for five patents in protocols, schemes, and hardware design and augmented it with more than 10 trade secrets, giving it an edge over other competitors globally. QNu Labs has built very powerful and pertinent application integrations and packaged solutions to serve IT needs of multi-factor authentication, secure key vault, boot and encryption keys for edge devices and infrastructure that leverage power of quantum cryptography to protect from man-in-the-middle attacks and prevent data theft due to phishing and malware. They are the most viable cost-effective quantum data security solution available today. These products are designed to plug-in with existing infrastructure and do not require rip or replace of any existing crypto infrastructure. All these are primarily targeted at industries like banking, telecommunications, IT infrastructure, defense, and original equipment manufacturers (OEMs).
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The startup’s current product portfolio comprises three solutions - Tropos, a random number generator Armos, a quantum key distributor and Hodos, a quantum secure platform for key management. In fact, the key is decided by the key management system only when it knows the party is ready to receive it,” he adds. “The current mathematical keys used in securing data are challenged by this new way of securing information: neither the person sending the data nor the recipient has any idea as to what the key is. “Quantum cryptography uses photon light, or Qubits, to ensure that the data is protected and that the keys are constantly changing for any attacker to open a piece of information,” explains Sunil Gupta, Co-founder and CEO, QNu Labs. Their products do not use conventional methods of encrypting keys, but instead provide a new paradigm in encrypting keys using quantum physics principles. This is where QNu Labs, the first Indian startup in the quantum safe-cryptography space, steps up to the challenge. The ever expanding threat landscape also includes the lack of perfect randomness for encryption keys, digital signatures, and other crypto material which is misused by hackers to get access to the secret keys, in addition to the vulnerabilities and risk of distribution of encryption keys over public networks. It’s a problem that is very likely to increase exponentially in the post-quantum era. Identity theft itself leads to a financial loss of about $200 billion every year. These IoT devices that are going to be installed in the next couple of years would be highly insecure to new quantum computing inspired attacks. In the IoT device space alone, a State of the IoT Devices report reveals that the global number of connected IoT devices could grow to more than 27 billion IoT connections by 2025, pointing to a phenomenal increase in the breadth and depth of the threat landscape. Cybersecurity attacks have continued to increase through the years not only in terms of vectors and numbers, but also in terms of their impact.
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