Chennai-based e-con Systems secures $13M funding to expand embedded vision solutions globally
- ByStartupStory | May 15, 2023
Chennai-based embedded vision products and solutions company, e-con Systems, has secured $13 million in funding from GR 2022 Holdings Inc, headed by Mr. Radhakrishnan Gurusamy. The investment will be used to expand the company’s operations in the US and other countries and to build state-of-the-art facilities for imaging, Autonomous Mobile Robots, Autonomous shopping, and Cellular and Molecular Imaging Core Laboratory.
e-con Systems partners with key sensor and lense makers like Sony, Onsemi, Omnivision, Commonlands, Corning, and ISP partners like NVIDIA and Socionext. It also collaborates with host platform providers such as NVIDIA, NXP, Qualcomm, and others.
“We are excited to receive this investment from GR 2022 Holdings Inc, which will help us accelerate our growth plans and strengthen our position as a world leader in embedded vision products and solutions,” said Maharajan Veerabahu, co-founder and vice-president of e-con Systems.
The company’s co-founder and president, Ashok Babu Kunjukkannan, added, “We are committed to harnessing the power of cutting-edge technology to enable machines to perceive and comprehend the world around them. With the support of our talented team of engineers and our unwavering commitment to excellence, we are confident in our ability to maintain our position as a leading global provider of embedded vision products and solutions.”
Radhakrishnan Gurusamy of GR 2022 Holdings Inc said, “e-con Systems is a company with an amazing team of engineers and products that are used by leading companies worldwide. The company has a strong culture of innovation that has enabled them to be at the forefront of the latest cutting-edge technology. Market tailwinds supporting the applications of AI and automation to hardware products and rapid growth of embedded vision, e-con Systems is well poised for exponential growth in the coming future.”
The funding will allow e-con Systems to strengthen its position in the embedded vision market and drive innovation in the field. The company is committed to using the latest technology to enable machines to perceive and understand the world around them.
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