Deeptech AI startup Myelin Foundry raises $3M Series A

Deeptech AI startup Myelin Foundry has raised a Series A funding of $3M led by Visteon Corporation, a global automotive electronics major.

Other investors include its current investors Endiya Partners, Beyond Next Ventures, and Pratithi Investment Trust.

The company will use this funding to expand into international markets.

Myelin Foundry’s platforms deploy Edge AI to provide what it claims to be unparalleled video and audio experiences and outcomes.

Myelin has developed products for media & entertainment and intelligent mobility.

Its clients include leading streaming services and automotive OEMs.

Myelin Foundry was founded in January 2019 by Dr. Gopichand Katragadda and Ganesh Suryanarayanan.

According to recent market reports, the global market for Edge AI is estimated to be $8 billion by 2027, driven by factors such as advancements in AI-powered Edge solutions for factories, mobility, and entertainment.