# Simyog Technology Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/simyog-technology-private

- Industry: Electronics
- Headquarters: Bangalore, India
- Website: www.simyog.com
- Total disclosed funding: $3.3M
- Latest round: Series A (Dec 9, 2023)
- Investors on record: 4

## About

Simyog Technology Private Limited is a technology firm focused on delivering innovative EMI/EMC compliance solutions through its proprietary platform, Compliance-Scope®, aimed at hardware developers across various industries.Founded in 2017 in Bangalore, India, Simyog Technology Private Limited specializes in EMI/EMC compliance solutions. The company has completed two deals to date, with its latest funding round being a Series A, raising INR 200 million on December 9, 2023, led by Mela Ventures and including 1Crowd and Ideaspring Capital. The founders, Anant Devi and Harikiran Muniganti, have collectively established a strong presence in the compliance technology sector, and CEO Dipanjan Gope is at the helm of current operations. Simyog does not have any publicly disclosed subsidiaries or parent companies.Simyog Technology Pvt. Ltd. specializes in providing Compliance-Scope®, a virtual EMI/EMC laboratory designed for hardware developers to validate and enhance their designs at an early stage. Users can upload design files for diagnostic analysis, which suggests low-cost modifications at the PCB level. This platform utilizes data-based models integrated within advanced electromagnetic solvers to deliver outputs aligned with lab results. The end-users primarily include engineers and designers in automotive, aerospace, defense, medical, communications, industrial, and consumer electronics sectors, ensuring compliance with stringent regulations. Simyog actively serves a global market, with customers across North America, Europe, and Asia.For the most recent year, Simyog reported a revenue of INR 631,155.3 and an EBITDA of INR 8,011.7, reflecting its operational performance in the EMI/EMC compliance sector. The company implements a structured subscription model for its Compliance-Scope® service, which is crucial for businesses in electronics design and manufacturing, allowing them efficient access to necessary compliance tools and support.Following the recent Series A funding of INR 200 million on December 9, 2023, Simyog Technology Private Limited plans to utilize the investment to expand its customer base and enhance its product offerings. The company is looking to develop new products and extend its reach into additional markets and geographic regions, though specific new products or release dates were not detailed. The funding will support these initiatives as Simyog aims to better serve its clients and adapt to evolving compliance needs in the electronics industry.

## Funding rounds

- Series A, Dec 9, 2023, $2.4M — Ideaspring Capital, 1Crowd, Mela Ventures
- Seed, May 24, 2018, $0.9M — Robert Bosch Venture Capital, Ideaspring Capital

## Investors

- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Seed
- Ideaspring Capital (https://capitalatlas.ai/funds/ideaspring-capital) — Seed, Series A
- 1Crowd (https://capitalatlas.ai/funds/1crowd) — Series A
- Mela Ventures (https://capitalatlas.ai/funds/mela-ventures) — Series A