06 January 2016, India:
The Software products giants Zoho Corp has announced that it has made $10 million investment in five startups- Zentron Labs, vTitan and the names of rest three starts were not disclosed as per a report by ET.
Zentron Labs automates the processes that require visual checking. It uses industrial cameras in conjunction with Computer Vision algorithms to deliver innovative and custom Machine-Vision solutions that perform automated visual inspection.
vTitan’s next generation SMART infusion pumps are used for the administration of intravenous medications and promote safe and cost-effective drug delivery.
Zoho Corp was founded back in 1996 by Sridhar Vembu, The company has everything to boost sales, step up the productivity and other day-to-day activities.
“We are investing in companies that think like Zoho,“ said Vembu.“We are not venture capitalists and exits are not what we are looking for through these investments.”
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“As the founder of one of the most successful software product companies out of India, he is thinking of what the future holds,“ said Sharad Sharma, co-founder of software product think-tank iSPIRT. “These are bets he is making which will pay off in the next four-five years.”
“We talk to a lot of entrepreneurs but what makes the cut for Zoho is the acquisition needs to be tucked in to integrate into our product portfolio and we find a cultural fit in the entrepreneur,“ said Vembu. “Entrepreneurs who solely build a product startup with an intention of exit will not fit in Zoho culture.” (Source- ET, Image- Fit Small Business)
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