We are thrilled to announce that Iterative has invested in Niyam AI and selected us to join their prestigious accelerator program. This partnership marks a significant milestone in our mission to revolutionize hardware design validation in the electronics manufacturing services (EMS) industry.

About Iterative

Iterative is a venture capital firm and startup accelerator headquartered in Singapore, with a focus on discovering and fostering high-potential startups throughout Southeast Asia. By investing in early-stage ventures from a variety of industries, Iterative provides more than just financial backing; it offers guidance, resources, and the opportunity to connect with a broad network of investors and business experts. Its well-structured accelerator program is designed to aid startups in their growth and to thrive in the competitive global marketplace. Being included in Iterative's portfolio is a privilege, and we eagerly anticipate utilizing their wealth of knowledge and connections to fast-track our development.

Problem Overview

The EMS industry, despite its technological advancements, continues to grapple with outdated design processes. Traditional methods are slow, error-prone, and cost the industry an estimated $70 billion annually due to delays, design flaws, and product recalls. The lack of innovation in electronic design automation (EDA) and computer-aided design (CAD) tools over the past two decades has left engineers with archaic interfaces and functionalities, akin to using MS Paint in the age of Cognition AI.

Several critical issues plague the industry:

• Fragmented Validation Processes: Manual checks and outdated validation methods lead to costly design flaws and frequent product recalls. The absence of comprehensive system-level validation tools results in unforeseen problems surfacing in later stages of development.
• Communication and Integration Breakdown: Siloed engineering teams with unique constraints and communication styles often face misinterpretations and conflicting design decisions, causing significant delays and errors.
• Reactive Approach and Lack of Real-Time Data: Current solutions are predominantly reactive, identifying issues only after they escalate. The lack of continuous monitoring and real-time data analysis leaves companies unaware of potential problems until it's too late.

Solution Overview

Niyam AI is revolutionizing hardware design validation, enabling electronics manufacturers and engineers to validate their products with unprecedented speed, accuracy, and efficiency. By integrating seamlessly with existing technologies and offering real-time feedback and predictive insights, Niyam AI dramatically reduces time and costs, minimizes human error, and mitigates the risks associated with costly product recalls.

Product Description

Niyam AI leverages Large Language Models (LLMs) to parse various documents, such as schematics, component datasheets, and CMF files. This enables users to conduct risk assessments, identify potential thermal loss or signal integrity issues, and study component compatibility among other functionalities.

Strategic Value of the Partnership

Joining Iterative's accelerator program provides Niyam AI with invaluable resources and support. Through this partnership, we gain access to Iterative's vast network of industry leaders, investors, and mentors. This will significantly enhance our ability to innovate and scale our solutions, ensuring we can deliver even greater value to our customers in the EMS industry. Iterative's expertise in nurturing startups will be instrumental in guiding us through the next stages of our growth journey.

We believe that Niyam AI's innovative approach to hardware design validation will have a profound impact on the EMS industry. This investment and the opportunity to join Iterative's accelerator program mark the beginning of an exciting journey, and we are committed to driving innovation and efficiency in the market.

We are excited about what the future holds and are grateful for the support from Iterative and our community. Thank you for being part of our journey!