Bangalore-Based Jed-i Raises Funding from Accel

Bangalore-based engineering design and innovation firm, Jed-i, has raised an undisclosed funding from Accel Partners.

PRESS RELEASE:

Bangalore, Karnataka, India, Monday, May 14, 2012 — (Business Wire India)

Jed-i, dedicated to the creation of gifted engineers, announced that it has raised investment from Accel Partners.

Jed-i is pioneering conceptual engineering delivered through the flipped class room model in engineering education in India. Jed-i combines technology with a novel pedagogy to transform raw talent into world class engineers.

“Jed-i is about catalyzing aspiring students to become gifted engineers who will then go on to be part of global product and technology companies,” Swami Manohar, Managing Director, Jed-i said.

“Accel shares our passion and vision for maximizing the potential of engineering students in India. We are pleased to be backed by them,” Dr. V. Vinay, Chairman, Jed-i said.

“We are excited to partner with the Jed-I team. Dr. Vinay and Dr. Manohar have the rare combination of being academicians who also have deep technology industry experience. They bring a fresh new hands-on approach to engineering education and have built a platform that effectively uses technology for improving education delivery,” said Anand Daniel from Accel Partners.

About Jed-i

Jed-i, the Joy of engineering, design, and innovation, is the flagship program of LimberLink Technologies, a company founded by Dr. Swami Manohar and Dr. V. Vinay, former professors of IISc. They were the pioneers of the Simputer project. They previously founded PicoPeta Simputers and Strand Life Sciences. For more information please visit http://www.jed-i.in

About Accel

Founded in 1983, Accel Partners has a long history of partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, California, New York City, London and Bangalore, as well as in China via its partnership with IDG-Accel.

Accel has helped entrepreneurs build over 300 successful companies globally. In India, Accel has made investments in companies such as Babyoye, Cnergyis, enStage, Deeksha(Ace), Exclusively.in, Flipkart, HealthcareMagic, Kaatizone, Letsbuy, MuSigma, Myntra, Perfint, QwikCilver, Sconce, Vinculum and Virident.

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