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 world of information analytics, cloud engineering, Machine Learning (ML) and Artificial Intelligence (AI), to help corporations in data-driven choice making.
The funding is being made by way of the Maruti Suzuki Innovation Fund, which undertakes strategic investments in startups that exhibit excessive ranges of technological innovation, the corporate mentioned.
“Our investment in Amlgo Labs will help us to further strengthen quality of new models, using advanced analytics and machine learning,” Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India mentioned in an announcement.
Ajay Yadav, Founder, Amlgo Labs Private Ltd mentioned, “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.”
This is the second such funding by Maruti. Earlier it had invested in Sociograph Solutions in June 2022.
