Indian Angel Network invests $1 million in Vayavya Labs

24 Jul

“Indian Angel Network, India’s largest national network of business angels investing in start-ups, has invested $ 1 million in Vayavya Labs. This will provide a major boost for the expansion plans we had for our System Design Automation Tools and strengthens our sales and marketing efforts.

The TIE Bangalore played a major role in bringing about this deal. We appreciate the support and enthusiasm of Mr. Sharad Sharma who said, “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.”

The investment brings two veteran entrepreneurs, Mr. Sharma and Mr. Vivek Raghavan, to our Board of Directors.
Very few investments have been made in EDA/ESL technology space in India in the last two decades. Vayavya’s development centre in Belgaum is perhaps the only in Electronic System Level Design technology to be located in a Tier-II city in India.”