Digital Engineering 24/7

Helping design and engineering professionals discover, evaluate and specify technologies and processes that shorten the design cycle and enable success.

Zodius Technology Funds Invests in Allygrow Technologies

By DE Editors  

August 19, 2015

The Zodius Technology Fund has led a $20 million round for investing in Allygrow Technologies, an engineering services company.

Allygrow will serve industries such as aerospace, automotive, hi-tech, heavy industries and medical devices. With this investment, the company shall set up is operating infrastructure,

"The Engineering Services space is at an inflection point. It is poised for exponential growth with traditional sectors like automobiles and aerospace moving towards digital platforms, and sectors such as medical devices and next-generation electronics leveraging benefits of the Internet-of-Things revolution. I am delighted to start this venture with the backing of a savvy investor like Zodius and a seasoned entrepreneur such as Atul Nishar. We plan to setup the right blend of high-end competencies clubbed with a global operational delivery model. As a philosophy, we strongly believe in the concept of inclusive growth and hence our strategic approach for this venture will pivot on the central theme – 'Partnering for growth.' This also reflects in the name of our company, Allygrow Technologies. I look forward to the exciting times ahead," says Prashant Kamat, founder and CEO, Allygrow Technologies.

For more information, visit Zodius Technology Fund.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

 

Latest in Engineering Services

About DE Editors

DE Editors

DE's editors contribute news and new product announcements to Digital Engineering. Press releases may be sent to them via [email protected].

Follow DE
on Facebook
on Linkedin

Related Topics

Sponsored   Engineering Services   All topics
 

Subscribe

Subscribe to our FREE magazine, FREE email newsletters or both!

Join over 90,000 engineering professionals who get fresh engineering news as soon as it is published.

Subscribe today

 
 

From our Sponsors

Meltio Takes Metal Additive to the Next Level
Meltio's DED technology enables industries to tailor and customize their solutions to create & repair metal parts.
Easing the Transition from ETO to CTO with Configuration Lifecycle Management
Manufacturers are discovering that the Configure-to-Order (CTO) model provides significant benefits when it comes to customization.
Siemens + Altair = The Next Chapter in Design and Simulation
With its acquisition of Altair, Siemens creates a unified simulation portfolio combining generative design with high-performance computing and AI workflows.