Today: Apr 23, 2024

QNu, SimYog secure early funds in cybersecurity, electromagnetic simulations race.

4 months ago

Cybersecurity startup QNu Labs and electromagnetic interference and compliance simulation startup SimYog have each raised early-stage funding. QNu Labs secured $6.5 million in a pre-Series A1 round, with the funds to be used for product development, geographic expansion, and talent acquisition. SimYog raised $2.4 million, with the investment aimed at helping the company reach customers who face electromagnetic interference and compliance testing challenges.

  • QNu Labs, a cybersecurity firm, has raised $6.5 million from investors including Ashish Kacholia of Lucky Investments and early-stage VC firm Speciale Invest. The company has developed quantum-safe cybersecurity products and solutions aimed at securing data on the internet, cloud and edge.
  • SimYog, an electromagnetic simulation startup, has secured $2.4 million in funding. The company provides electromagnetic interference and compliance simulation software that is used for testing product designs for compatibility across various scenarios and user applications.

Founded in 2016 by Sunil Gupta and Srinivasa Rao Aluri, QNu Labs aims to offer security in terms of data on the internet, cloud, and edge. The firm also offers confidentiality and privacy against new-age attacks targeting critical information infrastructure, communication, and personally identifiable information. “With these funds, we’re poised to accelerate the completion of our quantum technology solutions and improve our product suite,” said Gupta, the firm’s co-founder and CEO.

SimYog’s funding round was led by early-stage investor Mela Ventures and also received participation from 1Crowd and existing investor IdeaSpring. Founded in 2017 by Dipanjan Gope, Anant Devi, and Harikiran Muniganti, SimYog is a Bengaluru-based deep-tech startup. The platform identifies EMI/EMC-related issues at the design stage and recommends beneficial design modifications. “This investment will help us reach customers who are facing the challenge of EMI/EMC testing and help them release quality products faster and cost-effectively,” said Gope, the firm’s CEO.