Maruti Suzuki has invested Rs 2 crore in an AI-based start-up called AI.
Maruti Suzuki, India’s largest car maker, has announced an investment of Rs 2 crore in Bangalore-based start-up Sociograph Solutions. Said it was investing in an effort to support start-ups that come with promising mobility solutions.
Hisashi Takuchi, CEO, Maruti Suzuki Innovation Fund, said: “The start-up has invested in using Dave.ai, the company’s visual AI technology platform, to provide customers with a digital sales experience. And this investment will be a testament to its commitment to improving the number of businesses using contemporary technology.
It is also set up as part of Maruti Suzuki plans to invest in start-ups. Our mission is to promote innovation and the entrepreneurial spirit of startups. ‘
Dave.AI co-founders Shriram and Anand said, “After Maruti Suzuki’s investment, we have recorded a 300 per cent growth in revenue and have set a revenue target of US $ 1 million per annum this financial year.”
Maruti Suzuki Innovation Fund (MAIL) is a collaborative organization launched in January 2019 to identify, integrate and operate start-ups with innovative and sophisticated solutions, and collaborate to develop technological solutions in the automobile industry.
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