Myelin Foundry, a Bangalore, India-based deep tech AI startup that transforms human experiences, raised $3 million in Series A funding.
The round was led by Visteon Corporation, with participation from investors Endiya Partners, Beyond Next Ventures, and Pratithi Investment Trust.
The new round will consolidate Myelin's platforms and expand into international markets. Myelin will further build capabilities and position itself as a leader in the edge AI space.
"Myelin was founded with a vision to transform human experiences and industry outcomes by building and deploying IP-led proprietary Edge AI products to process video, voice, and sensor data. We look forward to partnering with Visteon and scaling in the Mobility ecosystem. I am also happy to see the confidence of our seed round investors, as they continue to support our journey," said Gopichand Katragadda, founder and CEO of Myelin.
Myelin Foundry's platforms deploy artificial intelligence in real-time, at the edge to provide unparalleled video and audio experiences and outcomes.
Company: Myelin Foundry Pvt. Ltd.
Raised: $3.0M
Round: Series A
Funding Month: January 2023
Lead Investors: Visteon Corporation
Additional Investors: Endiya Partners, Beyond Next Ventures, and Pratithi Investment Trust
Company Website: https://www.myelinfoundry.com/
Software Category: Edge AI for Media & Entertainment and Automotive sectors
About the Company: Founded in January 2019 by Dr. Gopichand Katragadda and Ganesh Suryanarayanan, Myelin Foundry is a deep-tech product start-up that transforms human experiences and industry outcomes by building artificial intelligence algorithms on video, voice, and sensor data, for consumer edge devices. It has developed global-first products for media and entertainment and intelligent mobility. The company has also established its product-market fit and built key customer relationships, which include leading streaming services and automotive OEMs. Its mission is to create state-of-the-art, deep-tech products.
Source: https://www.entrepreneur.com/en-in/news-and-trends/myelin-foundry-raises-3-million-in-series-a-funding-round/443443