e-cons system opens new location in Bengalore

Embedded vision camera maker e-con Systems announced Monday that it is in the final stages of raising $10 million in funding from private equity (PE) investors after recently launching a new centre opened in Bangalore.

Headquartered in Chennai, the company aims to increase its workforce by 50 percent to 600 employees by the end of 2023. "This new investment will be used for an aggressive expansion trajectory that includes both expanding its distribution geographically and strengthening and expanding its R&D team," the company said in a statement.

The company said it was "very optimistic" about the growth prospects for its embedded vision solutions and would capitalize on the adoption of AI processing across sectors. "Embedded Vision is transforming every single industry, from manufacturing, agriculture, logistics, transportation, sports, healthcare, life sciences and so on," it added.

Ashok Babu, Co-Founder and President of e-con Systems India Pvt Ltd said along with the cameras from e-con, the new facility would also offer custom solutions and complete system-level solutions to build their entire product.

“We are seeing that Indian companies are leading the embedded vision-enabled transformation with their new products and solutions. For example, the e-commerce industry has germinated many companies in India offering autonomous mobile robots, vision guidance robots, etc, which are powered by embedded vision solutions, and with our new office in Bangalore, we will be part of the India Growth Story,” he said.