BANGALORE, India—The Indian Angel Network has invested $1 million in embedded software tool developer Vayavya Labs to help the firm expand its toolset suite for electronic systems level design and bolster its sales and marketing efforts.
Using Vayavya tools, customers can optimize time, effort and cost involved in embedded software design and development, according to the company.
"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.
Vayavya established the first automated device driver tool that minimizes the system development, validation and migration cycle times significantly and helps user organizations make significant recurring savings in cost and time.
The niche product development plan that Vayavya is working on will make it a significant player in the growing IP-led market.
Vayavya CEO R.K. Patil said he aims to build a valuable Indian company in system design tools and services and leverage the EDA space in the U.S. The company’s services business is focused on providing integration services, design services and solutions around the digital TV, IPTV and set top box domains.
The Indian Angel Network, founded in 2006, brings together successful entrepreneurs and CEOs from India and around the world who are interested in investing in startup and early stage venture.