courtesy:myelin foundry
Myelin Foundry, a deep-tech AI startup, has raised $4 million in an equity fundraising round led by SIDBI Venture Capital (SVCL).
The round also saw continued participation of current investors Endiya Partners, Pratithi Investment Trust, and Subh Labh. With this latest funding, the Myelin Foundry aims to strengthen its AI platforms, support its expansion into international markets, and solidify its position in the edge AI space. Edge AI is a decentralized computational process technology that can execute operations at the very edge of a network, drastically reducing turnaround times.
The company is based in Bengaluru, and was founded in 2019 by Gopichand Katragadda and Ganesh Suryanarayanan.
“This investment reaffirms the confidence in Myelin’s growth trajectory and the potential of our Edge AI and Gen AI platforms. We look forward to working closely with our valued partners to accelerate our journey of transforming industries with Edge AI solutions,” said Katragadda, founder and CEO of Myelin Foundry.
The company, which deploys artificial intelligence in real time to provide video and audio experiences and outcomes, has global automotive and OTT players in the customer base.