Today: Jun 14, 2024

Cybersecurity QNu and SimYog score big with early startup funding.

6 months ago

Cybersecurity platform QNu Labs and electromagnetic compliance simulation company SimYog have secured early-stage funding.

  • QNu Labs has raised $6.5 million in a pre-Series A1 round from various investors. The funds will be used to further product development, hiring initiatives, and business expansion. The startup, founded in 2016, specializes in quantum-safe cybersecurity services aimed at securing data on the internet, cloud and edge.
  • SimYog, on the other hand, has raised $2.4 million in a funding round led by Mela Ventures and 1Crowd. The deep tech startup deals in developing electromagnetic interference and compliance (EMI/EMC) simulation software used in the early design stage of products. The investment will be used to address the challenge of EMI/EMC testing, helping businesses release quality products quickly and cost-effectively.

QNu Labs, co-founded by Sunil Gupta and Srinivasa Rao Aluri, vows to improve the overall security of data and offer protection against advanced cyber threats targeting necessary infrastructure, communication, and personally identifiable information. The latest capital injection follows an undisclosed funding amount secured in 2022 from Speciale Invest, WAOO Partners LLP among other undisclosed investors.

SimYog’s platform works by identifying EMI/EMC-related issues during the early design stages of a product, with the ability to suggest practical design changes that physical laboratories cannot offer. The company was founded in 2017 by Dipanjan Gope, Anant Devi, and Harikiran Muniganti. IdeaSpring, an existing investor, also participated in its recent funding round.

Both startups have ambitious goals and will utilize the funds to increase their market reach and accelerate product development, helping them cement their place in their respective tech arenas.