BlueBinaries A Chennai based engineering and technology services company has raised Rs 60 crores from Anicut Capital. The company which specializes in Software Defined Vehicles (SDV) development will use the funds to expand its global presence and strengthen its technology.
Founded in 2017 BlueBinaries has become a key player in the Engineering Research and Development (ER&D) services space. With a strong focus on SDVs the company offers expertise in E/E architecture, cloud computing, AI and cybersecurity. BlueBinaries currently serves a diverse set of Original Equipment Manufacturers (OEMs) and Tier 1 automotive suppliers across Europe, UK, USA and Asia-Pacific.
The funds will be used to add to the customer base, enhance SDV and digital capabilities and fuel growth. The automotive electronics and software market is expected to reach $80 billion by 2030 driven by increasing demand for advanced vehicle features and connected mobility solutions.
