New Delhi: Maruti Suzuki India on Saturday introduced it has invested in Amlgo Labs Personal Restricted, an Synthetic Intelligence and Machine Studying (AI-ML)-led startup.
With an funding of over Rs 1.99 crore, Maruti Suzuki will personal an fairness stake of over 6.44 per cent within the startup.
The startup operates within the space of information analytics, cloud engineering, and AI-ML to help firms in data-driven decision-making.
“Aligned with the federal government’s #StartUpIndia initiative, we’re actively working to assist strengthen the startup ecosystem and encourage innovation to develop options related to the auto business,” stated Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Restricted.
The funding is being made by means of the Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups which exhibit excessive ranges of technological innovation.
That is the second such funding by the corporate.
Earlier, it invested in Sociograph Options Personal Restricted in June 2022.
“Combining our experience in information analytics, ML and AI-based options, with mentorship and networking alternatives supplied by Maruti Suzuki, we will additional refine our providing,” stated Ajay Yadav, Founder, Amlgo Labs Personal Ltd.
Amlgo Labs has places of work in Gurugram, Bengaluru and Delaware within the US.
