[Funding News] Myelin Foundry Secures $4 Mn Led by SIDBI Venture Capital

SIDBI Venture Capital Limited (SVCL) invested $4 million to the latest fundraising round for Myelin Foundry, a deep tech AI business. Subh Labh, Pratithi Investment Trust, and Endiya Partners are among the other investors.

The capital raised will be put toward fortifying Myelin's AI platforms, facilitating its global market growth, and enhancing its standing as the industry pioneer in edge AI.

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Its main goal is to create high-computing artificial intelligence algorithms that can operate in situations with limited resources (cheap, low-computing edge devices) and that can also be switched, scaled, and configured on the fly.

The Bengaluru-based firm secured $3 million in its Series A round last year, with Visteon Corporation and other investors leading the round.

About Myelin Foundry

Founded by Dr. Gopichand Katragadda and Ganesh Suryanarayanan in 2019, Myelin Foundry is a deep tech product start-up transforming human experiences and industry outcomes by building Artificial Intelligence algorithms on video, voice, and sensor data, for consumer edge devices

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