Maruti Suzuki acquires stake tech startup to use AI/ML in its new models
| Photo Credit: Special Arrangement
India’s largest automotive maker Maruti Suzuki on Saturday acquired an fairness stake of over 6.44 p.c in a startup known as Amlgo Labs to strengthen the standard of its new models utilizing advanced analytics and machine learning.
Amlgo Labs is a technology-led startup that operates in the world of knowledge analytics, cloud engineering, machine studying (ML) and synthetic intelligence (AI).
The funding of ₹1.99 crore into Amlgo Labs has been completed via Maruti Suzuki Innovation Fund.
“Our investment in Amlgo Labs Private Limited will help us to further strengthen quality of new models, using advanced analytics and machine learning,” stated Hisashi Takeuchi, MD & CEO, Maruti Suzuki India Limited.
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Ajay Yadav, Founder, Amlgo Labs stated, “Our collaboration with Maruti Suzuki has proven to be fruitful, helping our company augment and scale up operations. 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.”