SimYog, a startup incubated at the Indian Institute of Science (IISc), has raised Rs 6.3 crore in the funding round led by Robert Bosch Engineering and Business Solutions (RBEI) along with contribution from of Ideaspring Capital,
The Bangalore-based startup will utilize the funds to expand its product offering.
Founded in 2017, by former Intel engineer Dipanjan Gope, SimYog operates in the Electronic Design Automation (EDA) space and is focused on providing “Design and Sign-off tools for Automotive Electronics”. The startup’s vision is a harmonious integration of physical science and data science to enable cost-effective and performance rich automotive hardware design saving time-to-market, reducing bill-of-material costs and improving yield-rate.
The startup’s deep-learning-based software solution allows hardware developers to test an electronic components’ resistance to electromagnetic interference (EMI) in the design stage. Typically, auto component makers develop multiple prototypes and test for EMI before mass production.
“Typically, a lab requires $4-5 million of investment and with the huge number of electronics being built, there’s also a significant wait time to use the lab. Instead, if every developer can test for EMIMC in the design stage, this was our interest,” said RK Shenoy, senior vice president at RBEI. “SimYog is using data analytics and machine learning to solve this problem and we believe this will reduce development time as well as cost for us. This is why we worked with them to bring this to the market and also invested in them.”
AS of now SimYog’s solution only tests one parameter, with the second coming by the middle of 2019. The 5-people company intends to expand its team to 12 people over the next one year, as it adds customers and products.
“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,” said Dipanjan Gope, CEO of SimYog, who was an Assistant Professor at IISc in past.
“In electric vehicles, 50-70% of the bill of materials IS FOR electronics, and if we can help a company like Bosch reduce the number of prototypes in developing these components, it will greatly reduce their time to market and costs.”
The startup is also an example of collaboration between industry and academia, showcasing the power of programmes put in place by IISc, said CS Murali, chairman of STEM CELL, the deep-tech startup incubator at IISc. SimYog emerged out of collaborative research that began in 2012 between Bosch engineers who enrolled for a PhD programme at IISc and Gope. The intellectual property is jointly held by the institute and the company.
Source – Economic Times | Images – Simyog.com