ASM Technologies Partners with AI Startup Myelin Foundry to Modernise Industrial Manufacturing with Edge Based AI

ASM Technologies Ltd, a global engineering design-led manufacturing company, has announced a strategic investment and strategic partnership in Myelin Foundry Private Limited to deploy patented, high-performance AI solutions.

ASM has signed definitive agreements to invest approximately INR 48 crore to acquire an aggregate 20% stake in Myelin Foundry.

This will address evolving industry requirements across semiconductor, electronics, solar and engineering, where real-time operational intelligence and equipment reliability are increasingly critical.

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The partnership integrates Myelin’s "edge-first" AI stack—specializing in predictive intelligence and multimodal analytics—directly into ASM’s engineering design led manufacturing portfolio.

Bringing AI to the Factory Floor

• Unlike many AI systems that work only in data centers, this partnership focuses on Edge AI, which processes data directly on machines. The rollout will focus on:
• Predictive Maintenance: Using data to forecast issues and prevent unplanned downtime instead of reacting to breakdowns.
• Multimodal Analytics: Combining sensor, visual, and sound data to get a complete view of machine health.
• AI-Augmented Operations: Giving operators real-time smart assistance to improve safety and accuracy.
• Sustainability & Efficiency: Automatically optimizing energy use and resources to make operations greener and more efficient.

Rabindra Srikantan, Managing Director, ASM Technologies Ltd, said, “ASM has been progressively integrating AI across our engineering design-led manufacturing and automation solutions. This strategic investment in Myelin Foundry strengthens our technology foundation by adding advanced edge-based AI capabilities. The collaboration will enable us to deliver intelligent capital equipment for semiconductor, electronics, solar and engineering ecosystems as they move towards smarter manufacturing environments that enhance yield, through put, equipment reliability with predictive real time intelligence.

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Gopichand Katragadda, Founder and CEO, Myelin Foundry, said, “Industrial AI must operate reliably in real production settings where decisions are made in real time. The investment from ASM Technologies allows us to scale our multimodal AI platforms across global manufacturing ecosystems and demonstrate the impact of edge intelligence at the machine level. Together, we aim to accelerate the shift towards autonomous, efficient and data-driven manufacturing.”

About Myelin Foundry

Founded in 2019 by Dr Gopichand Katragadda and Ganesh Suryanarayanan, the Bengaluru-based Myelin Foundry offers AI solutions for edge devices in the media, entertainment, and automotive sectors. Their technology provides real-time insights by analyzing data from audio, video, and sensors.

ASM Technologies Ltd

ASM Technologies Limited is a publicly listed company in India. With over three decades of experience, ASM has been supporting customers in the areas of Engineering Design led Manufacturing. ASM has multiple delivery locations in India with a global presence in USA, Vietnam, UK, Singapore, Japan, Canada, and Mexico. 

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