IAN invests in embedded s/w tool developer company

BANGALORE, INDIA: India's most complete player in the early stage entrepreneurial ecosystem, Indian Angel Network said today that it has invested US$1 million in Vayavya Labs, an embedded software tool developer.

This investment will help Vayavya expand its toolset suite for electronic systems level design, and strengthen its sales and marketing effort, said a press release.

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Currently, Vayavya has about 20 engineers supporting this area. Vayavya Labs’ software facilities in Belgaum and Bangalore are staffed with about 70 professionals.

By using Vayavya tools its customers can optimize time, effort and cost involved in Embedded Software Design & Development, added the release.

“Vayavya tools play a pivotal role in adding value by cutting down development, testing and debugging time at customer end thereby meeting the goal for go- to-market,” said Indian Angel Network member Sharad Sharma.

According to the release, Vayavya Labs, has established the first automated device driver tool that minimizes the system development, validation and migration cycle times significantly and helps user organisations make significant recurring savings in cost and time.

"In Vayavya Labs we found a differentiated business venture with a product that translates into savings for its customers. IAN is happy to play a role in this critical skill-starved area of the software industry," says Vivek Raghavan, a member of Indian Angel Network who along with Sharad Sharma has been a mentor to Vayavya.

IAN investors invest in ventures that have uniquely differentiated propositions, high quality execution teams and large markets.

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With the Vayavya deal, Indian Angel Network’s investments have now touched a landmark number of 25, added the release.

CEO RK Patil, who has an in-depth knowledge of the Embedded Software and extensive relationships with industry, said, “Vayavya Labs aims to build a valuable Indian company in the System Design Tools and Services and leverage the Electronic Design Automation (EDA) space in the US.”

Vayavya’s Services Business is focused on providing integration services, design services and solutions around Digital TV, IPTV and Set Top Box domain.

TiE Bangalore played the critical catalyst role of bringing IAN and Vayavya together.

Very few investments have been made in EDA/ESL technology space in India in the last two decades. Vayavya’s development centre in Belgaum is perhaps the only in Electronic System Level Design technology to be located in a Tier-II city, added the release.

Indian Angel Network comprises the who's who of successful Indian entrepreneurs and dynamic CEOs passionate about entrepreneurship and keen to leverage their strategic advice and large networks to build world class companies.

Very few investments have been made in EDA/ESL technology space in India in the last two decades. Vayavya’s development centre in Belgaum is perhaps the only in Electronic System Level Design technology to be located in a Tier-II city, added the release.