Maruti Suzuki India recently disclosed its investment in Amlgo Labs Private Limited, a pioneering startup driven by Artificial Intelligence and Machine Learning (AI-ML) technologies.
With a substantial investment exceeding Rs 1.99 crore, Maruti Suzuki secures a significant equity stake of over 6.44 percent in this innovative venture.
Amlgo Labs specializes in data analytics, cloud engineering, and AI-ML applications, providing invaluable support to businesses seeking data-centric decision-making solutions.
Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki India Limited, emphasized the company's commitment to fostering innovation and bolstering the startup ecosystem, aligning with the government's #StartUpIndia initiative.
The investment stems from the Maruti Suzuki Innovation Fund, established to strategically invest in startups showcasing remarkable technological innovations. Notably, this marks the company's second investment in this realm, following its prior investment in Sociograph Solutions Private Limited in June 2022.
Ajay Yadav, Founder of Amlgo Labs Private Ltd, expressed optimism about the collaboration, stating, "By synergizing our proficiency in data analytics, ML, and AI-based solutions with the mentorship and networking opportunities provided by Maruti Suzuki, we aim to enhance and refine our offerings."
Amlgo Labs maintains a presence in Gurugram, Bengaluru, and Delaware, USA, underlining its global footprint and commitment to innovation.
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