VVDN Technologies, a Gurgaon, India-based electronics product design, software, and manufacturing company, received a growth equity investment from Applied Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to expand its R&D in semiconductor technologies, as well as electronic products and solutions.
Led by CEO Puneet Agarwal, VVDN is a product engineering and manufacturing company focused on designing & manufacturing end-to-end products across several technology vertical markets (5G, Datacenter, Networking, and Wi-Fi, Vision, Automotive, IoT, Cloud & Apps). It serves global customers across several regions including the US, Canada, Europe, India, Vietnam, Korea, and Japan. VVDN has 11 advanced product engineering centres in India, which are fully equipped to design and test the complete hardware and software required to develop a complete product or solution. Its 7 Manufacturing facilities are located at Manesar, Gurgaon, and Pollachi, Tamil Nadu, (India), which includes in-house SMT factory, molding & tooling factory, die casting, antenna assembly, product assembly factory, and product certification labs.
VVDN’s engineering and manufacturing facilities are fully compiled to develop and manufacture enterprise, consumer, industrial, and automotive-grade products.
Commenting on the news, Puneet Agarwal said: “We are delighted with the strategic investment from Applied Ventures, LLC. The collaboration underscores our commitment to innovation and driving growth in transformative industries. With Applied Ventures’ support, VVDN is poised to expand its design and manufacturing capabilities to serve global semiconductor and systems companies.”
FinSMEs
23/02/2024