Bengaluru-based AI startup Myelin Foundry raised $4 million in a funding round led by SIDBI Venture Capital Ltd (SVCL), with participation from existing investors.
Founded in January 2019 by Gopichand Katragadda and Ganesh Suryanarayanan, Myelin Foundry specializes in advanced AI platforms for real-time video and audio enhancement, serving industries like automotive and over-the-top media. Sateesh Andra, managing partner at Endiya Partners, praised the platform’s potential in delivering real-time AI computing on the Edge, reaffirming their commitment to Myelin’s growth.
Words from those involved in the funding round:
“We look forward to working closely with our valued partners to accelerate our journey of transforming industries with Edge AI solutions.”
— Gopichand Katragadda, CEO of Myelin
“We are excited to lead Myelin Foundry’s current equity round and support their vision of deploying AI solutions at the edge. Myelin’s innovative approach and strong leadership position them well to place Indian startups on the global AI map.”
— Debraj Banerjee, senior fund manager at SVCL
“Myelin’s platform has demonstrated immense potential in delivering real-time AI computing on the Edge. We are proud to continue supporting their journey of scaling and bringing innovative solutions to the market.”
— Sateesh Andra, managing partner at Endiya Partners
“My family office, Pratithi Investment Trust, remains committed to backing Myelin Foundry’s mission of creating global first AI platforms leading with Edge AI and Gen AI.”
— Kris Gopalakrishnan, co-founder of Infosys and an investor through Pratithi Investment Trust
Featured image: Credit: Myelin
