Automaker Maruti Suzuki India on Saturday introduced it has acquired a 6.44% stake in Amlgo Labs, a man-made intelligence and machine studying startup, for almost Rs 2 crore.

The startup operates within the space of information analytics, cloud engineering, and AI and machine studying to help corporations in data-driven decision-making.

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The funding is being made by means of the Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups that exhibit excessive ranges of technological innovation.

“Aligned with the federal government’s #StartUpIndia initiative, we’re actively working to assist strengthen the startup ecosystem and encourage innovation to develop options related to the auto trade,” Hisashi Takeuchi, managing director and chief govt, Maruti Suzuki India, mentioned in a press release.

That is the second such funding by the corporate. Earlier, it invested in Sociograph Options in June 2022.

“Combining our experience in knowledge analytics, ML and AI-based options, with mentorship and networking alternatives provided by Maruti Suzuki, we can additional refine our providing,” mentioned Ajay Yadav, founder, Amlgo Labs.

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Amlgo Labs has places of work in Gurugram, Bengaluru and Delaware within the US.

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