Deeptech StartUp Mylein Foundary and chemical manufacturing firm Atomgrid secured early stage funding the company spokesperson said.
In total the company raised $4mm (33crores) in funding round led by SIDBI venture capital ltd and saw participation from their existing partners Endiya partners, Pratithti investments trust and Subh labh.
Founded by Gopichand Katragadda and Ganesh Suryanarayanan in 2019, Mylein is a deeptech startup that focuses on streamlining content creation based in Banaglore.
The company further focuses on developing AI backed tools that focuses on improved visual experiences and personalised outcomes for customers. Customer base includes global automotive and OTT (over-the-top) players who, according to the company, are eager to leverage AI’s power in their automotive and customer devices.
Mylein will use the funds to support the expansion of the company’s unique AI platforms, designed to operate at the edge of a network, and its entry into international markets.
Katragadda, Founder & CEO of Myelin Foundry, said, “This investment reaffirms the confidence in Myelin’s growth trajectory and the potential of our Edge AI and Gen AI platforms. We look forward to working closely with our valued partners to accelerate our journey of transforming industries with Edge AI solutions.”
Atomgrid:
Atomgrid is a speciality chemical manufacturing platform has raised $1.2 mm (10 crore) in seed funding led by Merak ventures.
Atomgrid will focus on using the funds for its in house research and development (R&D) infrastructure and increase its global outreach.
