Maruti Suzuki India Ltd. on Saturday introduced that it had invested greater than ₹1.99 crore in Amlgo Labs Private Ltd., a technology-led start-up, for an fairness stake of 6.44%.The start-up operates in the realm of information analytics, cloud engineering, Machine Learning (ML) and Artificial Intelligence (AI), to help corporations in data-driven determination making. The funding is being made via the Maruti Suzuki Innovation Fund, which undertakes strategic investments in startups that exhibit excessive ranges of technological innovation, the corporate stated.“Our funding in Amlgo Labs will assist us to additional strengthen high quality of recent fashions, utilizing superior analytics and machine studying,” Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India stated in a press release.Ajay Yadav, Founder, Amlgo Labs Private Ltd stated, “Combining our experience in Data Analytics, Machine Learning and Artificial Intelligence based mostly options, with mentorship and networking alternatives provided by Maruti Suzuki, we can additional refine our providing.”This is the second such funding by Maruti. Earlier it had invested in Sociograph Solutions in June 2022.
https://www.thehindu.com/business/maruti-suzuki-invests-2-crore-in-ai-ml-start-up-amlgo-labs/article67984296.ece
Maruti Suzuki invests ₹2 crore in AI, ML start-up Amlgo Labs
