- March 23, 2024
Maruti Suzuki acquires stake in Amlgo Labs – Times of India
NEW DELHI: Maruti Suzuki lndia has invested approximately Rs 1.99 crore for a stake of over 6.44 per cent in Amlgo Labs Private Limited. Amlgo Labs is a startup focused on data analytics, cloud engineering, machine learning, and artificial intelligence.
The funding is processed through the Maruti Suzuki lnnovation Fund, aimed at backing startups with high technological innovation levels.
This is the second investment by car manufacturer, following its previous investment in Sociograph Solutions Private Limited, specializing in AI, back in June 2022.
HisashiTakeuchi, managing director and CEO, Maruti Suzuki India, said, “We have been working with startups since 2019, as a part of the Maruti Suzuki lnnovation Program. Aligned with the government’s Start Up India initiative, we are actively working to help strengthen the startup ecosystem and encourage innovation to develop solutions relevant to the automobile industry.” .
Takeuchi said that this investment will help them to enhance quality of new models, leveraging advanced analytics and machine learning.
Ajay Yadav, founder of Amlgo Labs Private Limited said that the collaboration with Maruti Suzuki has been beneficial, enhancing the company’s operations and offerings in data analytics, ML, and AI.
Started in July 2017, Amlgo Labs operates from offices in Gurugram and Bengaluru in India, along with a presence in Delaware, USA. The partnership aims to bolster the quality of new models through advanced analytics and machine learning, leveraging the expertise of both entities.
The funding is processed through the Maruti Suzuki lnnovation Fund, aimed at backing startups with high technological innovation levels.
This is the second investment by car manufacturer, following its previous investment in Sociograph Solutions Private Limited, specializing in AI, back in June 2022.
HisashiTakeuchi, managing director and CEO, Maruti Suzuki India, said, “We have been working with startups since 2019, as a part of the Maruti Suzuki lnnovation Program. Aligned with the government’s Start Up India initiative, we are actively working to help strengthen the startup ecosystem and encourage innovation to develop solutions relevant to the automobile industry.” .
Takeuchi said that this investment will help them to enhance quality of new models, leveraging advanced analytics and machine learning.
Ajay Yadav, founder of Amlgo Labs Private Limited said that the collaboration with Maruti Suzuki has been beneficial, enhancing the company’s operations and offerings in data analytics, ML, and AI.
Started in July 2017, Amlgo Labs operates from offices in Gurugram and Bengaluru in India, along with a presence in Delaware, USA. The partnership aims to bolster the quality of new models through advanced analytics and machine learning, leveraging the expertise of both entities.
