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Myelin Foundry raises $4M led by SIDBI Venture Capital to strengthen AI platforms and expand into international markets.

May 08, 2024over 1 year ago

Amount Raised

$4 Million

Round Type

seed

Bengaluru

Investors

Subh LabhPratithi Investment TrustEndiya PartnersSidbi Venture Capital Limited (Svcl)

Description

Deep tech AI startup Myelin Foundry has raised $4 million in a new round led by SIDBI Venture Capital Limited (SVCL) and other investors. The funding will be used to strengthen Myelin’s AI platforms, support its expansion into international markets, and solidify its position as a leader in the edge AI space.

Company Information

Company

Myelin Foundry

Location

Bengaluru, Karnataka, India

About

Myelin Foundry is a deep tech product start-up transforming human experiences and industry outcomes by building Artificial Intelligence algorithms on video, voice, and sensor data, for consumer edge devices

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers