US intelligence VC invests in Agile Analog
The investment will speed up the commercial deployment of glitch detector IP and other analog security IP blocks, Agile Analog said.
In-Q-Tel is a not-for-profit strategic investor backed by the US government with a charter to bridge the gap between the needs of government and national security agencies and the startup community.
Agile Analog’s physical security products can help prevent hardware attacks which are intended to spoof targets, bypass password protection, clone system IP, or disable target devices. Hardware at the base of security enables chip manufacturers to build in strong protection against a number of physical forms of cyber-attack.
Agile Analog has developed glitch detection IP that can be optimized for different applications, foundries and manufacturing processes using the company’s Composa design system. The company also has additional security and monitor IP blocks under development. The investment from In-Q-Tel will be used to scale up recruitment of engineering staff and accelerate the pace of development. The additional IP blocks are expected to become available in 1H22.
“Agile Analog will also benefit from In-Q-Tel’s partnerships and knowledge in the security field, helping us to engage with those that need robust hardware protection of connected devices,” said Tim Ramsdale, CEO of Agile Analog, in a statement.
Nathaniel Puffer, managing director London of In-Q-Tel said: “Billions of networked devices are proliferating in homes and businesses around the world, providing a target-rich environment for hackers and criminals. This poses a real and present threat to infrastructures on which millions of consumers depend. IQT is excited about Agile Analog’s security IP in the SoCs as a potential mitigation to side-channel attacks and other threats to which consumer devices are exposed.”
In-Q-Tel’s 20-year portfolio includes about 250 companies most of which are software-based and engaged in analytics, networking, infrastructure and AI but its hardware-oriented investments include Groq, Rigetti Computing and D-Wave, Tortuga Logic and Mythic.
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