Today: Apr 16, 2024

QNu and SimYog, cybersecurity and simulation startups, score early investment.

4 months ago
  • Cybersecurity startup QNu Labs has secured $6.5 million in a pre-Series A1 round for product development, geographical expansion and hiring talent.
  • Bengaluru-based deeptech startup SimYog has raised $2.4 million in a funding round for enhancing its electromagnetic interference and compliance simulation software.

QNu Labs, a cybersecurity startup, has secured $6.5 million (Rs 54 crore) in a pre-Series A1 round. The investors included Ashish Kacholia of Lucky Investments, early-stage venture capital firm Speciale Invest, and an undisclosed family fund.

Founded by Sunil Gupta and Srinivasa Rao Aluri in 2016, QNu Labs has developed quantum-safe cybersecurity products and solutions that offer security of data on the internet, cloud, and edge. Their products are designed to provide confidentiality and privacy against new-age attacks targetting critical information infrastructure, communication, and personally identifiable information.

The funding will be used for product development, expansion across geographies, and talent recruitment. In the words of Sunil Gupta, co-founder and CEO, QNu Labs, “With these funds, we’re poised to accelerate the completion of our quantum technology solutions and improve our product suite.”

SimYog, a Bengaluru-based deeptech startup, has raised $2.4 million (Rs 20 crore) in a funding round led by early-stage investor Mela Ventures and 1Crowd, with participation from existing investor IdeaSpring. SimYog’s platform provides electromagnetic interference and compliance (EMI/EMC) simulation software for front-loading at the early design stage. The platform tests product designs for EMI/EMC compatibility across scenarios and user applications.

Founded in 2017 by Dipanjan Gope, Anant Devi, and Harikiran Muniganti, SimYog uses its platform to identify EMI/EMC-related issues at the design stage and recommend advantageous design modifications that aren’t possible in traditional physical labs. Gope, co-founder and CEO, said the investment would be used to assist customers facing EMI/EMC testing challenges and help them to release quality products faster and more cost-effectively.