Today: Jul 20, 2024

QNu and SimYog, cybersecurity whizzes, notch early investment success.

7 months ago
  • Cybersecurity startup QNu Labs has secured $6.5m in pre-Series A1 funding from Ashish Kacholia of Lucky Investments, Speciale Invest, and an unnamed family fund.
  • Electromagnetic simulation platform SimYog raised $2.4m in a funding round led by Mela Ventures, with participation from 1Crowd and IdeaSpring.

QNu Labs, a cybersecurity startup, and SimYog, an electromagnetic simulation platform, have announced that they have secured early-stage funding. QNu Labs has raised $6.5 million in pre-Series A1 round of funding from investors including Ashish Kacholia of Lucky Investments, early-stage venture capital firm Speciale Invest, and an undisclosed family fund. The funding will be used for product development, geographic expansion, and hiring talent.

Founded by Sunil Gupta and Srinivasa Rao Aluri in 2016, QNu has been developing quantum-safe cybersecurity products and solutions. These solutions offer robust security for data present on the internet, cloud, and edge and offer protection against new-age attacks targeting critical information infrastructure, communication, and personally identifiable information. The new investment, says Gupta, will enable QNu Labs to accelerate the development of their quantum technology solutions and their product suite expansion.

In related news, SimYog, a Bengaluru-based deeptech startup that creates electromagnetic interference and compliance (EMI/EMC) simulation software, has secured $2.4 million in funding. The funding round was led by early-stage investor Mela Ventures and included participation from 1Crowd and existing investor IdeaSpring.

SimYog, founded in 2017 by Dipanjan Gope, Anant Devi, and Harikiran Muniganti, offers a platform to test product designs for EMI/EMC compatibility across various situations and user applications. The platform also identifies the EMI/EMC-related issues at the design stage and suggests beneficial design modifications that wouldn’t be possible in traditional physical labs. The funding will be used to help SimYog cater to more customers, assisting them in releasing quality products faster and more cost-effectively, said Gope.