DARE - Because Entrepreneurs Do

The embedded software tool developer is IAN’s 25th investment.

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 tool set suite for electronic systems level design, and strengthen its sales and marketing effort.

Co-promoted in 2006 by a team of four engineers with extensive industry expertise–RK Patil, CEO; Venugopal Kolathur, CTO; Uma Bondada, VP Engineering and Parag Naik, who along with RK Patil also serves on the Board--Vayavya Labs counts global Electronic Design Automation (EDA) Tool Vendors and large Systems Design Houses for its EDA adjunct tools to architect solutions.

Vayavya tools can optimize time, effort and cost involved in Embedded Software Design & Development. Currently, Vayavya has about 20 engineers supporting this area. Vayavya Labs’ software facilities in Belgaum and Bangalore are staffed with about 70 professionals.

“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.

“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. In Vayavya, Indian Angel Network found passionate founders and a well-thought out, scalable model post IAN mentoring.

Comments (0)

Subscribe to this comment's feed