Bangalore: SimYog (an IISc incubated startup), a leading EMI/EMC simulation and testing platform, today announced funding led by Mela Venturesalong with 1Crowd. Existing investor IdeaSpring also invested in the round. This is a unique collaboration among academia, corporate, and venture capitalists to back a deep tech solution out of India for the world. Founded by Prof. DipanjanGope, Anant Devi, and HarikiranMuniganti, the company is already delivering significant value to Fortune 100 and emerging companies.
As the density of electronics increases in all kinds of systems, there is an inherent challenge of Electromagnetic Interference (EMI) / Electromagnetic Compatibility (EMC). Today, the only solution is to test the final product in labs. EMI/EMC contributes to a significant percentage of compliance failures in products at verification and the mandatory certification stage. Global research institutions estimate that around 50% of electronic devices falter when it comes to EMI/EMC certification on the first trial. This causes cost escalations, delays in product introduction, potentially causes post-launch product recalls and consequently leads to a negative financial impact. All this costs the companies billions of dollars every year.
Founded in 2017, SimYog makes EMI/EMC simulation software for front-loading at the early design stage. EMI/EMC testing is a critical step in the design and manufacturing processes of electronic devices. The platform tests product designs for EMI/EMC compatibility across a spectrum of scenarios and user applications. This dramatically increases the chances of passing certification tests on the first attempt. Not only does it pinpoint the EMI/EMC-related issues at the design stage, but the platform’s superior diagnostics also recommend beneficial design modifications that aren’t possible in traditional physical labs.
SimYog’s Compliance Scope has saved a semiconductor company and its Automotive Tier-1 customers time to market to the tune of one extra design sample. This translates to reduced lab iterations and bill-of-material reduction, leading to a saving in the order of $2-3M for a single product line of sensors.
Prof. Dipanjan Gope, Founder and CEO of SimYog, said, “I am very excited about the collaboration with academia, corporate and venture capitalists. It clearly shows the overall confidence in the problem we are trying to solve and the solution itself. The mentorship from Mela Ventures is going to be invaluable in our global growth story. It is our dream to say that there is a bit of SimYog in every electronic device one touches. This investment will help us reach many customers who are facing the challenge of EMI/EMC testing and help them release quality products faster and cost-effectively.”
RK Shenoy, CTO Bosch Global Software Technologies, said, “SimYog’s EMI/EMC simulation at the design stage significantly reduces the risk of delays & higher verification costs during the certification stage. One can benefit from sample production cost savings, faster time-to-market, and improved product performance. SimYog plays a significant part in our product success, and we are excited about the promising roadmap.”
N S Parthasarathy, Managing Partner, Mela Ventures, said “With higher expectations from consumers, product companies are packing more technology in constrained spaces, leading to potential challenges in signal interferences. EMI/EMC simulation tool in the early stages of the design cycle is a crucial need. SimYog has cracked the code on that front, and we are delighted to see the rapid progress they are making in this space. Having an enviable client roster is a testimonial by itself to the category they have chosen to own and lead. Prof. Dipanjan has built a great team and a culture that will thrive and help millions of users safely use electrical and electronic devices.”
About SimYog:
SimYog Technology Private Limited is a startup headquartered in Bangalore, India. With a mission to enable “Agile for Hardware Design”. Today, they are focused on providing EMI/EMC simulation software for front-loading at the early design stage. Electromagnetic Interference (EMI) and Electromagnetic Compatibility (EMC) contribute to a significant percentage of compliance failures for electronic/electrical hardware in the verification stage. This leads to the loss of revenue due to delays in time-to-market or cancelled projects.
About Mela Ventures:
Mela Ventures Trust is a SEBI-approved AIF Category-2 fund for early-stage companies. With a goal to build next-gen entrepreneurs, the fund focuses on building a portfolio in areas such as AI/ML, AR/VR, IoT, Cloud Migration and Deep Technologies. Mela Ventures was founded by Industry veterans Krishnakumar Natarajan and Parthasarathy NS, who co-founded Mindtree and took it from a startup to a multi-billion-dollar market cap enterprise.
