Maruti Suzuki Invests In A Firm Focused On Artificial Intelligence And Machine Learning

A technology-led firm called Amlgo Labs Private Limited has received an investment of more than INR 1.99 crore from Maruti Suzuki India Limited. The startup helps businesses make data-driven decisions by working in the fields of machine learning (ML), artificial intelligence (AI), cloud engineering, and data analytics. As a result, Maruti Suzuki will hold more than 6.44% of the startup’s shares.

The Maruti Suzuki Innovation Fund, an attempt to make strategic investments in firms that demonstrate high levels of technological innovation, is making the investment.

The company has made two investments of this kind. In June 2022, the Company made an investment in Sociograph Solutions Private Limited.

“We have been working with startups since 2019 as a part of the Maruti Suzuki Innovation program,” stated Mr. Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki India Limited. In keeping with the government’s #StartUpIndia campaign, we are actively trying to support the development of innovative solutions for the automotive industry and bolster the startup ecosystem. We will be able to use machine learning and advanced analytics to significantly increase the quality of our new models thanks to our investment in Amlgo Labs Private Limited.

“Our collaboration with Maruti Suzuki has proven to be fruitful, helping our company augment and scale up operations,” stated Mr. Ajay Yadav, Founder of Amlgo Labs Private Limited. We will be able to improve our product by combining our knowledge of artificial intelligence, machine learning, and data analytics with Maruti Suzuki’s networking and mentoring programs.