Maruti Suzuki acquires over six percent stake in Amlgo Labs
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The objective of the fund is to make strategic investments in startups demonstrating a high level of technological innovation. This is the company’s second investment under the Innovation Fund. Earlier it had invested in Sociograph Solutions in June 2022.
New Delhi. Maruti Suzuki India on Saturday said it has acquired over six per cent stake in technology startup Amalgo Labs. Amalgo Labs helps companies make data-driven decisions. She works in the fields of data analytics, cloud engineering, machine learning (ML) and artificial intelligence (AI). Maruti Suzuki said in a statement that this investment is being made through Maruti Suzuki Innovation Fund.
The objective of the fund is to make strategic investments in startups demonstrating a high level of technological innovation. This is the company’s second investment under the Innovation Fund. Earlier it had invested in Sociograph Solutions in June 2022. Hisashi Takeuchi, Managing Director and CEO, Maruti Suzuki India, said, “Our investment in Emalgo Labs will help us further enhance the quality of new models by using advanced analytics and machine learning.
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