In a significant stride for the Indian tech landscape, Bangalore-based AI startup Myelin Foundry has secured a notable $4 million funding round led by SIDBI Venture Capital Ltd (SVCL), marking a pivotal milestone for the company. The infusion of capital is poised to fuel Myelin Foundry’s ongoing efforts to push the boundaries of artificial intelligence (AI) deployment, signaling its commitment to innovation and growth in the field.

Notably, Myelin Foundry has garnered support from existing investors such as Endiya Partners, Pratithi Investment Trust, and Subh Labh, alongside SVCL. This collective backing underscores the startup’s position in the global Edge AI technology segment, reinforcing its pursuit of excellence and market leadership.

At the helm of Myelin Foundry are founders Gopichand Katragadda and Ganesh Suryanarayanan, who established the company in January 2019. With the latest funding boost, Myelin Foundry is poised to strengthen its presence in international markets, further amplifying its impact and reach on a global scale.

CEO Gopichand Katragadda expressed confidence in the company’s performance thus far, citing the investment as a testament to investors’ faith in Myelin Foundry’s Edge AI and Gen AI platforms’ potential. He reiterated the company’s mission to revolutionize industries by delivering cutting-edge Edge AI solutions that redefine customer experiences, underscoring its commitment to innovation-driven transformation.

Myelin Foundry’s AI platforms are tailored to revolutionize real-time video and audio experiences, catering to a diverse customer base including global automotive and OTT (over-the-top) players. With industry leaders increasingly leveraging the power of AI to enhance their products and services worldwide, Myelin Foundry stands poised to drive innovation and shape the future of AI-enabled technologies.