Chennai-Headquartered e-con Systems Secures Rs 100 Crore In Funding for Global Expansion

Chennai-based e-con Systems, a Make in India embedded vision products and solutions company, has secured $13 million in funding for expanding its operations in the US and other countries. The investment comes from GR 2022 Holdings Inc, headed by Radhakrishnan Gurusamy.

The funding will be utilised for e-con System's growth plans, including investment in building contemporary and state-of-the-art facilities for imaging, autonomous mobile robots, autonomous shopping, and a cellular and molecular imaging core laboratory.

The company partners with key sensor makers like Sony, Onsemi, and Omnivision, and lense makers like Commonlands and Corning, and ISP partners like NVIDIA and Socionext. It also collaborates with host platform providers like NVIDIA, NXP, Qualcomm, and others.

Addressing the fundraising round, e-con Systems' co-founder and vice-president Maharajan Veerabahu, said, "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."

Ashok Babu Kunjukkannan, co-founder and president of e-con Systems said "We are pleased to announce our recent funding from GR22 Holdings Inc, which will significantly enhance our growth trajectory and bolster our ability to drive innovation in the embedded vision market. 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."

Speaking about the funding, 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."