Maruti Suzuki takes stake in machine learning and AI startup Amlgo Labs
This strategic move will grant Maruti Suzuki a commanding equity stake of over 6.44% in Amlgo Labs, solidifying its position in the realm of technological innovation
Maruti Suzuki India Limited has unveiled plans for an investment exceeding Rs 1.99 crore in Amlgo Labs Private Limited, a pioneering technology startup.
Specialising in data analytics, cloud engineering, Machine Learning (ML), and Artificial Intelligence (AI), Amlgo Labs is dedicated to empowering companies through data-informed decision-making processes.
This strategic move will grant Maruti Suzuki a commanding equity stake of over 6.44% in Amlgo Labs, solidifying its position in the realm of technological innovation.
The investment will be channelled through the Maruti Suzuki Innovation Fund, an initiative designed to identify and support startups demonstrating exceptional technological prowess.
Notably, this marks Maruti Suzuki's second foray into strategic investments in startups, following its previous investment in Sociograph Solutions Private Limited in June 2022.
This latest move underscores Maruti Suzuki's commitment to fostering innovation and staying at the forefront of technological advancements within the industry.
