HomeInsightFunding Alert e-con Systems raises more than Rs 100 cr in funding from...

[Funding alert] e-con Systems raises more than Rs 100 cr in funding from GR 2022 Holdings Inc

e-con Systems has secured over Rs 100 crore in funding from GR 2022 Holding Inc., owned by Radhakrishnan Gurusamy, to exceed its operations in the US and other countries.
Team e-con Systems

e-con Systems has secured over Rs 100 crore in funding from GR 2022 Holding Inc., owned by Radhakrishnan Gurusamy, to exceed its operations in the US and other countries.

The company decides to use the funding to grow, building state-of-art facilities, autonomous mobile robots, shopping, and a cellular and molecular imaging core laboratory. Apart from this, funding to be growth in the market to increase its revenue in the upcoming years, as per reported by Yourstory.

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Karthik H., Partner at Ey, said that the Company is continuously growing by using machines across industries and becoming more innovative.

Ashok Babu Kunjukkannan, co-founder and president of e-con Systems said, “With the support of our talented team of engineers and our unwavering commitment to excellence, we are confident in our ability to maintain our position as a leading global provider of embedded vision products and solutions.”

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About e-con Systems

In 2003, Ashok Babu Kunjukkannan and Maharajan Veerabahu founded e-con Systems. With a significant global footprint, e-con Systems has developed into a prominent OEM camera solution provider. They offer complete camera solutions, including stereo cameras, USB 3.1 Gen 1 cameras, GMSL cameras, MIPI camera modules, and more. They have reinvented their use in a variety of applications over the years, including retail, healthcare, industrial, agriculture, smart cities, etc.

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Key sensor manufacturers like Sony, Onsemi, and Omnivision, as well as lens manufacturers Commonlands and Corning, as well as ISP partners NVIDIA and Socionext, are all partners of e-con Systems. Additionally, it works with suppliers of host platforms including NVIDIA, NXP, Qualcomm, and others.

Over 2 million cameras have been supplied to more than 90 different nations from its 300+ product solutions that have been produced.

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