Predictive intelligence platform Myelin Foundry raises Rs.48-Cr from ASM Tech

Deeptech product start-up Myelin Foundry has raised INR 48 crore (around USD 5.3 million) from fellow Bengaluru-based, publicly listed digital services provider ASM Technologies in return for a 20% stake.Founded in 2019 by Gopichand Katragadda and Ganesh Suryanarayanan, Myelin Foundry provides AI solutions for edge devices across the media and entertainment and automotive sectors by offering real-time analytics and insights derived from audio, video, and sensor data.This transaction is expected to integrate Myelin Foundry’s edge-first AI stack, which specializes in predictive intelligence and multimodal analytics, directly into ASM Technologies’ engineering design-led manufacturing portfolio to bridge the gap between AI and factory operations, addressing industry requirements in semiconductor, electronics, solar, and engineering.