VC Fund Investments
AI startup Myelin Foundry raises $4-M led by SIDBI VC
Bengaluru-based deep tech AI startup Myelin Foundry has raised USD 4 million led by SIDBI Venture Capital Ltd (SVCL). Existing investors Endiya Partners, Kris Gopalakrishnan (Pratithi Investment Trust), and Subh Labh also participated in the round.The new funding is expected to further strengthen Myelin's expansion into international markets.Myelin was founded in January 2019 by Gopichand Katragadda and Ganesh Suryanarayanan. It claims to transform human experiences and industry outcomes by building Artificial Intelligence algorithms on video, voice, and sensor data, for edge devices. Myelin Foundry's customers include global automotive and OTT (over-the-top) players.
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