Myelin Foundry raises $4M led by SIDBI Venture Capital to strengthen AI platforms and expand into international markets.
May 08, 2024•over 1 year ago
Amount Raised
$4 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers