Maruti Suzuki: Maruti Suzuki acquires stake in local AI startup Amlgo Labs

Car manufacturer Maruti Suzuki India announced on Saturday that it had acquired a 6.44% stake in Amlgo Labs, a company artificial intelligence and a machine learning startup, for nearly Rs 2 crore.

The startup operates in the field of Data analysiscloud engineering, AI and machine learning to help businesses make data-driven decisions.

The investment is made through the Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups that exhibit high levels of technological innovation.

“In line with the government’s #StartUpIndia initiative, we are actively working to help strengthen the startup ecosystem and encourage innovation to develop relevant solutions for the automotive industry,” said Hisashi Takeuchi, Managing Director and Managing Director of Maruti Suzuki India, in a statement.

This is the second such investment made by the company. Previously, it invested in Sociograph Solutions in June 2022.

“By combining our expertise in data analytics, ML and AI-based solutions, with the mentoring and networking opportunities offered by Maruti Suzuki, we will be able to further refine our offering,” a said Ajay Yadav, founder of Amlgo Labs.

Amlgo Labs has offices in Gurugram, Bengaluru and Delaware in the United States.