The company will use the capital raised to consolidate its products in India as well as the international video streaming market. To further build capabilities to position itself as a leader in the edge Artificial Intelligence space across industries.
Deep tech start-up, Myelin Foundry, has raised $1 million as a part of its pre-series A round of funding. This round was led by Beyond Next Ventures, a Japanese venture capital firm. The existing investor, Endiya Partners, also participated in this round.
The company will use the capital raised to consolidate its products in India as well as the international video streaming market. To further build capabilities to position itself as a leader in the edge Artificial Intelligence space across industries. Founded by Gopichand Katragadda, Ganesh Suryanarayanan, and Aditi Olemann in January 2019, Myelin Foundry aims to transform human experiences and industry outcomes, by building AI algorithms on video, voice, and sensor data, for edge devices. Myelin’s first product in the market, Fovea Stream, enables HD viewing with SD transmission.
Leveraging Artificial Intelligence and machine learning, Myelin’s product is currently being deployed across health and wellness, media, entertainment, and national security purposes. The start-up has previously also raised funds from Kris Gopalakrishnan of Infosys, Microsoft for Startups, and Pratithi Investment trust.
Source: Business World
