TLDR:
Myelin Foundry, a deep tech AI startup, has raised $4 million in funding led by SIDBI Venture Capital Limited. The Bengaluru-based startup aims to strengthen its AI platforms, expand internationally, and solidify its position in the edge AI space. Founded in 2019, Myelin Foundry’s platforms deploy real-time AI for video and audio experiences. With the global AI market projected to grow significantly, Myelin is positioned as a key player in this space.
Article Summary
Deep tech AI startup Myelin Foundry has secured $4 million in funding from SIDBI Venture Capital Limited, along with other investors such as Endiya Partners, Pratithi Investment Trust, and Subh Labh. This new round of funding will be used to enhance Myelin’s AI platforms, support its international expansion, and strengthen its position as a leader in edge AI.
Founded in 2019 by Dr. Gopichand Katragadda and Ganesh Suryanarayanan, Myelin Foundry specializes in deploying artificial intelligence at the edge to deliver superior video and audio experiences. The startup’s customer base includes major global automotive and OTT players seeking to leverage AI in their devices.
With the global AI market size expected to grow significantly, Myelin Foundry is well-positioned to capitalize on this growth. The company aims to continue innovating in the AI space and maintain its competitive edge.
