TLDR:
– Myelin Foundry raises USD 4 million in early-stage funding led by SIDBI Venture Capital
– Treacle secures INR 4 crore in pre-seed funding led by Inflection Point Ventures
Myelin Foundry, a deep-tech AI startup, has raised USD 4 million in a funding round led by SIDBI Venture Capital Limited (SVCL). The Bengaluru-based company plans to use the funds to strengthen its AI platforms and expand its presence in international markets. Myelin Foundry builds AI algorithms for edge devices, focusing on voice, video, and sensor data.
Treacle, a cybersecurity startup based in Kolkata, has secured INR 4 crore in a pre-seed round led by Inflection Point Ventures. The startup aims to enhance its technical and business development, marketing, partnerships, and expansion within the Indian market. Treacle’s AI-based deception technology provides advanced protection against cyber threats by analyzing attacker behavior and diverting them into mirage networks.
