e-con Systems, a leading Make in India embedded vision products and solutions company, has announced securing more than INR 100 crores (USD 13M) in funding for expanding its operations in the US and other countries. The investment comes from GR 2022 Holdings Inc, headed by Radhakrishnan Gurusamy.
The funding will be utilized for e-con System's growth plans, including investment in building contemporary and state-of-the-art facilities for imaging, Autonomous Mobile Robots, Autonomous shopping, and Cellular and Molecular Imaging Core Laboratory.
e-con Systems partners with key sensor makers like Sony, Onsemi, and Omnivision, and lens makers like Commonlands and Corning, and ISP partners like NVIDIA and Socionext. It also collaborates with Host Platform providers like NVIDIA, NXP, Qualcomm, and others.
The company aims to consolidate its position as a world leader in embedded vision products and solutions and increase its revenue threefold in the next four years. The funding will help the company to speed up and boost its growth in the embedded vision market.
e-con Systems' co-founder and vice-president Maharajan Veerabahu, said, "We are excited to receive this investment from GR 2022 Holdings Inc, which will help us accelerate our growth plans and strengthen our position as a world leader in embedded vision products and solutions."
Ashok Babu Kunjukkannan, Co-Founder & President of e-con Systems said "We are pleased to announce our recent funding from GR22 Holdings Inc, which will significantly enhance our growth trajectory and bolster our ability to drive innovation in the embedded vision market. We are committed to harnessing the power of cutting-edge technology to enable machines to perceive and comprehend the world around them. With the support of our talented team of engineers and our unwavering commitment to excellence, we are confident in our ability to maintain our position as a leading global provider of embedded vision products and solutions."