Pre-Series A funding led by Mela Ventures has brought in Rs 20 crore for SimYog, a platform for EMI/EMC monitoring and simulation. IdeaSpring, a previous investor, and 1Crowd also participated in the round.
The business intends to use the revenue raised to assist numerous clients who are struggling with EMI/EMC testing so they can provide high-quality products more quickly and affordably.
Prof. Dipanjan Gope, Founder and CEO of SimYog said, “I am very excited about the collaboration with academia, corporate, and venture capitalists. It clearly shows the overall confidence in the problem we are trying to solve and the solution itself. The mentorship from Mela Ventures is going to be invaluable in our global growth story. It is our dream to say that there is a bit of SimYog in every electronic device one touches. This investment will help us reach many customers who are facing the challenge of EMI/EMC testing and help them release quality products faster and cost effectively.”
In January 2019, the platform successfully secured $885.7K with the support of Karnataka Startup Cell, IdeaSpring, and Robert Bosch Venture Capital.
“With higher expectations from consumers, product companies are packing more technology in constrained spaces, leading to potential challenges in signal interference. EMI/EMC simulation tools in the early stages of the design cycle are crucial. SimYog has cracked the code on that front, and we are delighted to see the rapid progress they are making in this space,” NS Parthasarathy, managing partner, Mela Ventures, said.
Anant Devi, Arkaprovo Das, and Dipanjan Gope co-founded SimYog in 2017 to offer development and sign-off solutions for electronic components in cars. Using statistical analysis and ML, it enables hardware makers to test electrical components’ durability against electromagnetic interference during the design phase.