Maruti Suzuki India Limited has announced an investment of over INR 1.99 crore in Amlgo Labs Private Limited, a technology-led startup.
The startup operates in the area of data analytics, cloud engineering, Machine Learning (ML), and Artificial Intelligence (AI), to assist companies in data-driven decision-making. With this, Maruti Suzuki will own an equity stake of over 6.44% in the startup.
The Maruti Suzuki Innovation Fund, an attempt to make strategic investments in firms that demonstrate high levels of technological innovation, is investing.
Mr. Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited said, “We have been working with startups since 2019, as a part of the Maruti Suzuki Innovation program. Aligned with the Government’s #StartUpIndia initiative, we are actively working to help strengthen the startup ecosystem and encourage innovation to develop solutions relevant to the automobile industry. Our investment in Amlgo Labs Private Limited will help us to further strengthen quality of new models, using advanced analytics and machine learning.”
The company has made two investments of this kind. In June 2022, the Company invested in Sociograph Solutions Private Limited.
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Mr. Ajay Yadav, Founder, Amlgo Labs Private Limited said, “Our collaboration with Maruti Suzuki has proven to be fruitful, helping our company augment and scale up operations. Combining our expertise in Data Analytics, Machine Learning and Artificial Intelligence based solutions, with mentorship and networking opportunities offered by Maruti Suzuki, we will be able to further refine our offering.”
About Amlgo Labs Private Limited
Amlgo Labs is an Advanced Analytics, Machine Learning, Artificial Intelligence and Big Data solutions implementation Company with offices in Gurugram & Bangalore in India and Delaware, USA. Amlgo Labs started its journey in July 2017. Since then, the Company has been offering analytics-based solutions to organizations helping them improve their business through data-driven insights.
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