RIVERSIDE, Calif.--(BUSINESS WIRE)--US-based embedded vision player e-con Systems has secured $13M in funding from GR 2022 Holdings to expand operations in the US and other countries. The funding will be utilized 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 Cellular and Molecular Imaging Core Laboratory.
e-con Systems was co-founded by Ashok Babu Kunjukannan, Harishankkar Subramanyam and Maharajan Veerabahu in 2003. The company partners with Host Platform providers like NVIDIA, NXP, Qualcomm and others; key sensor makers like Sony, Onsemi and Omnivision. e-con Systems aims consolidate position as a world leader in embedded vision products and solutions and increase revenue threefold in the next four years. The funding will accelerate the firm’s growth in the embedded vision market.
Ashok Babu Kunjukkannan, Co-Founder & President of e-con Systems said, "We are pleased to announce our recent funding from GR 2022 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.”
Speaking about the funding, Mr. 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.”
Established in 2003, e-con Systems has grown into a leading OEM camera solution provider with a wide global footprint. We provide end-to-end camera solutions like MIPI camera modules, GMSL cameras, FPD Link III cameras, USB 3.1 Gen 1 cameras, GigE cameras, stereo cameras, and more. Over the years, we have reimagined how they are used in industries such as retail, medical, industrial, agriculture, smart city, etc.
About GR 2022
GR2022 Holdings is a US-based private equity firm with assets of around $100 million, focused on investing in growth-oriented technology companies. The firm collaborates with entrepreneurs to drive innovation and growth in the technology sector. Founder Radhakrishnan Gurusamy is a renowned American-Indian entrepreneur, philanthropist, and investor, who has also invested in healthcare and life sciences startups.