Maruti Suzuki invests 1.99 crore in AI and machine learning startup Amlgo Labs, to own 6.44% equity [Video]

Maruti Suzuki on Saturday, March 23 said that it has invested over ₹1.99 crore in technology-led startup Amlgo Labs Private Ltd. The carmaker said it will own an equity stake over more than 6.44% in the startup.

Amlgo Labs operates in the area of cloud engineering, data analystics, artificial intelligence and machine learning, to assist companies in decision making that is driven by data.

The company in a stock exchange filing said that the investment is being made via the Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups that exhibit high levels of technological innovations. Prior to this, the company had also invested in Sociograph Solutions Private Ltd in June 2022.

“Our investment in Amlgo Labs Private Ltd will help us further strengthen quality of new models, using advanced analytics and machine learning,” said Hisashi Takeuchi, the Managing Director and CEO of Maruti Suzuki.

Meanwhile, the …