Robert Bosch invests in SimYog Tech

Robert Bosch invests in SimYog Tech
Robert Bosch invests in SimYog Tech

Robert Bosch Engineering and Business Solutions (RBEI) has made its first India venture investment in SimYog Technologies, a deep-tech start-up which helps reduce the time taken to develop electronic controllers that go into cars and trucks. Bengaluru-based SimYog, incubated at the Indian Institute of Science (IISc), raised $0.8 million (Rs 6.3 crore) in the funding round, which also saw participation of early-stage venture capital firm Ideaspring Capital. Dipanjan Gope, CEO of SimYog, also added that the company will utilise the funds to expand its product offering. R.K. Shenoy, senior vice-president at RBEI, said: “Typically, a lab requires $4-5 million of investment and with the huge number of electronics being built, there's also a significant wait time to use the lab. Instead, if every developer can test for EMIMC in the design stage, this was our interest. “SimYog is using data analytics and machine learning to solve this problem and we believe this will reduce development time as well as cost for us. This is why we worked with them to bring this to the market and also invested in them.” SimYog said it will utilise the funds to expand its product offering. Currently, the solution only tests one parameter, with the second coming by mid-2019. The company will also expand its team to 12 people-from five now-over the next one year, as it adds customers and products.

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