AI Startup Myelin Foundry Raises USD 4M in Round Led by SIDBI Venture Cap
Bengaluru, May 8 -- Bengaluru-based artificial intelligence startup Myelin Foundry announced on Wednesday that it has raised USD 4 million in an equity funding round.
The round was led by SIDBI Venture Capital Ltd (SVCL) and also included participation from existing investors Pratithi Investment Trust, Endiya Partners, and Subh Labh.
Myelin plans to use the new funding to further expand into international markets and strengthen its AI platforms focused on providing real-time video and audio experiences.
The company's edge AI solutions are used by customers in the automotive and over-the-top media sectors.
"We look forward to working with our partners to accelerate transforming industries with our Edge AI solutions," said Gopichand Kat...
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