IAN Invests $1 mn in Vayavya Labs
2011-07-19Indian Angel Network (IAN) has invested $1 million in Vayavya Labs. With the Vayavya deal, IAN has invested in total of 25 firms. IAN is a national network of business angels investing in start-ups; early stage ventures and has an investor base of over 170 angels. This investment will help Vayavya expand its toolset suite for electronic systems level design and strengthen its sales and marketing efforts, IAN claimed.
By using Vayavya tools, its customers can optimise time, efforts and costs involved in embedded software design and development. Its services business is focused on providing integration services, design services and solutions in the digital TV, IPTV and set-top box domains.
Currently, Vayavya has about 20 engineers supporting this area. Vayavya Labs' software facilities in Belgaum and Bengaluru are staffed with about 70 professionals. Vayavya Labs counts technology firms like Trident, Synopsys, NDS and Electra among its customers.
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