#News(Startup) [ via IoTForIndiaGroup ]
Robert Bosch Engineering and Business Solutions (RBEI) has made its first India venture investment in SimYog Technologies, a deep-tech startup which helps reduce the time taken to develop electronic controllers that go into cars and trucks.
Bengaluru-based SimYog, incubated at the Indian Institute of Science (IISc), raised Rs 6.3 crore in the funding round, which also saw participation of early-stage venture capital firm Ideaspring Capital, Dipanjan Gope, CEO of SimYog, told ET, adding that the company will utilise the funds to expand its product offering.
The startup’s deep-learning-based software solution allows hardware developers to test an electronic components’ resistance to electromagnetic interference (EMI) in the design stage. Typically, auto component makers develop multiple prototypes and test for EMI before mass production.
“Typically, a lab requires $4-5 million of investment and with the huge number of electronics being built, there’s also a significant wait time to use the lab. Instead, if every developer can test for EMIMC in the design stage, this was our interest,” said RK Shenoy, senior vice president at RBEI. “SimYog is using data analytics and machine learning to solve this problem and we believe this will reduce development time as well as cost for us. This is why we worked with them to bring this to the market and also invested in them.”
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