Active Hackathon

Bosch Makes Its First India Investment In IISc SpinOff SimYog Technologies

Robert Bosch Engineering and Business Solutions have announced its first venture investment in India in Bengaluru-based startup SimYog Technologies incubated in IISc. IISc-based SimYog has raised 6.3 Cr in a funding round with participation from early-stage venture capital firm Ideaspring Capital.

THE BELAMY

Sign up for your weekly dose of what's up in emerging technology.

“In the automotive sector 20 years ago, the bill of materials was largely mechanical, but now we’re seeing a transition, where a large portion of the cost of the vehicle is in electronic and electrical components,” said Dipanjan Gope, CEO of SimYog to a leading daily.

Further, he added that in electric vehicles, 50-70% of the bill of materials is for electronics, and if we can help a company like Bosch reduce the number of prototypes in developing these components, it will greatly reduce their time to market and costs.

SimYog said it will utilise the funds to expand its product offering. The company will also expand its team from the current 5 to 12 people over the next few years, as it adds more and more customers and products.

SimYog was founded in 2017 by Dipanjan Gope, Anant Devi and Arkaprovo Das is a startup that focuses on providing design and sign-off tools for automotive electronics. The start-up provides deep-learning-based software solutions which allow hardware developers to test electronic components’ resistance to electromagnetic interference in the design stage using data analytics and machine learning. Usually, the auto component makers develop multiple prototypes and test for EMI before mass production.

In 2018, SimYog is one of the 77 start-ups that were selected by the government of Karnataka for Elevate 100 incubation programme.

More Great AIM Stories

Martin F.R.
Martin Fredrick Raj worked as a Technology Journalist at Analytics India Magazine. He usually likes to write detail-oriented articles which are well-researched in articulated formats. Other than covering updates on analytics, artificial intelligence & data science, his interests also include covering politics, economics, finance, consumer electronics, global affairs and issues regarding public policy matters. When not writing any articles, he usually delves into reading biographies of successful entrepreneurs or experiments with his new culinary ideas.

Our Upcoming Events

Conference, Virtual
Genpact Analytics Career Day
3rd Sep

Conference, in-person (Bangalore)
Cypher 2022
21-23rd Sep

Conference, in-person (Bangalore)
Machine Learning Developers Summit (MLDS) 2023
19-20th Jan

Conference, in-person (Bangalore)
Data Engineering Summit (DES) 2023
21st Apr, 2023

3 Ways to Join our Community

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Telegram Channel

Discover special offers, top stories, upcoming events, and more.

Subscribe to our newsletter

Get the latest updates from AIM
MOST POPULAR

Global Parliaments can do much more with Artificial Intelligence

The world is using AI to enhance the performance of its policymakers. India, too, has launched its own machine learning system NeVA, which at the moment is not fully implemented across the nation. How can we learn and adopt from the advancement in the Parliaments around the world? 

Why IISc wins?

IISc was selected as the world’s top research university, trumping some of the top Ivy League colleges in the QS World University Rankings 2022

How does the Indian Army want to use AI?

An AI system that can collect data, analyse them and present the same to the commander in a very short time frame is one of the key requirements for the Indian Army

How Data Science Can Help Overcome The Global Chip Shortage

China-Taiwan standoff might increase Global chip shortage

After Nancy Pelosi’s visit to Taiwan, Chinese aircraft are violating Taiwan’s airspace. The escalation made TSMC’s chairman go public and threaten the world with consequences. Can this move by China fuel a global chip shortage?

[class^="wpforms-"]
[class^="wpforms-"]