e-con Systems opens new site in Bengaluru, eyes $10 million funding

e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel

Embedded vision camera producer e-con Systems on Monday said it was in the final stages of raising $10 million in funding from Private Equity (PE) investors after recently opening a new center in Bangalore.

The Chennai-headquartered firm aims to grow its employee base by 50 per cent to 600 people by the end of 2023. “This new investment will be utilised for an aggressive expansion spree, which will include geographical expansion of the sales force as well as strengthening and growing its R&D team,” the company said in a statement.

The company said it was “very bullish” on the