India-based, Myelin Foundry raise funds to expand internationally.
Myelin Foundry is a deep-tech product start-up that was founded in January 2019 by Dr. Gopichand Katragadda and Ganesh Suryanarayanan raised $3 million in Series A funding. It creates artificial intelligence algorithms for consumer edge devices that alter human experiences and industry outcomes. It has created products for media, entertainment, and intelligent mobility that are firsts in the world.
The round was led by Visteon Corporation, with participation from investors Endiya Partners, Beyond Next Ventures, and Pratithi Investment Trust.
“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.
The fresh round will enable expansion into international markets and consolidate Myelin’s platforms. Myelin will continue to develop its skills and establish itself as a pioneer in the field of edge AI.
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