The Silicon Review ^Asia

Robert Bosch Engineering and Business Solutions (RBEI)has pumped in money for the first time in an Indian deep-tech startup called SimYog Technologies.

Established by IISc Bangalore, SimYog has raised Rs 6.3 crore in its funding round. Apart from RBEI, early-stage venture capital Ideaspring Capital also took part in the funding round. As per the CEO of SimYog, the company will use the funding to expand its product offerings.

The software solution that SimYog develops lets hardware developers to test an electronic components’ resistance to EMI (electromagnetic interference) in the design phase. Usually, auto component manufacturers make several prototypes and test for EMI before manufacturing out on a large scale.

As per RK Shenoy, VP of RBEI, a lab typically needs to invest $4-5 million and because there is a lot of new electronics production, there is also a significant wait time for the lab use. The deep-tech startup is utilizing ML and data analytics to bring solutions to the problem and RBEI has faith on them as it will cut down the development time and cost for RBEI.

SimYog will use the funding to expand its products portfolio. Currently, the company’s solutions only test a single parameter and by mid-2019, it will produce its second solution. Currently, the company has a team of 5 people and will add another 7 people within a year, as it adds products and customers.

“In the automotive sector 20 years ago, the bill of materials was largely mechanical, but now we’re seeing a transition, where a large portion of the cost of the vehicle is in electronic and electrical components,” quoted Dipanjan Gope, CEO of SimYog.