The Indian Angel Network (IAN), a network of business angels in the country, on Monday said it has made an investment of $1 million in Vayavya Labs. The company, founded in 2006, was co-promoted by a team of four engineers and provides tools that enhance the productivity of embedded software tools for developers.
According to a release, the investment is IAN’s 25th investment in start-ups. The investment will help Vayavya to expand its tool set suite for electronic systems-level design, and strengthen its sales, the statement added. “Vayavya tools play a pivotal role in adding value by cutting down development, testing and debugging time at the customer-end, thereby meeting the goal for go-to-market,” said Indian Angel Network member Sharad Sharma, who is also head of Nasscom product forum.
Presently, Vayavya has a team strength of around 70 engineers in Belgaum and Bangalore. Vayavya Labs counts technology leaders —Trident, Synopsys, NDS and Electra Plc — among its customers. Vayavya’s development centre in Belgaum is perhaps the only in Electronic System Level Design technology to be located in a Tier-II city, the statement added.
By using the tools, customers can optimise time, effort and cost involved in embedded software design and development. The company’s services business is focused on providing integration services, design services and solutions in the Digital TV, IPTV and set-top box domains.