Myelin Foundry

About Myelin Foundry

Myelin Foundry is a deep-tech artificial intelligence startup that develops AI algorithms for video, voice, and sensor data on edge devices. The company was founded in Bengaluru, India, in January 2019 by Dr. Gopichand Katragadda, Ganesh Suryanarayanan, and Aditi Olemann, all of whom previously worked at Tata Sons. Katragadda, the current CEO, was the former Group CTO at Tata Sons, while Suryanarayanan, the CTO, was a technology leader within the Tata group.

Myelin Foundry's core business revolves around creating AI-powered products that enhance human experiences and industrial outcomes by enabling real-time processing of complex data directly on consumer devices. This "edge-first" approach allows for faster, more secure, and efficient operations without relying on the cloud. The company targets several key markets, including media and entertainment (OTT), automotive, and industrial manufacturing. Its business model involves providing these AI solutions to global players in these sectors, with a significant portion of its revenue coming from outside India, particularly the U.S.

The company has developed several platforms, including 'Fovea Stream' for the media industry, which enhances video quality on edge devices, enabling HD viewing at low bandwidth and reducing streaming costs. Another product, 'Upscaler AI', performs real-time SD to HD/FHD video enhancement, cutting streaming costs by 40%. For the industrial sector, the 'Predict AI' platform facilitates real-time predictive maintenance by analyzing sensor data to detect anomalies and forecast equipment failures. Myelin Foundry is also developing 'XAIRA', an agentic AI assistant for conversational support. More recently, the firm has been integrating generative AI into its edge solutions for the automotive and OTT sectors.

Myelin Foundry has secured significant funding to fuel its growth and global expansion. After an initial seed round of $1 million in 2019 led by Endiya Partners, the company raised further funds from investors including Kris Gopalakrishnan's Pratithi Investment Trust. In May 2021, it secured $1 million in a pre-Series A round led by Japanese VC firm Beyond Next Ventures. A major funding milestone was a $3 million round in January 2023, led by automotive supplier Visteon Corporation. This was followed by a $4 million equity round in May 2024, led by Sidbi Venture Capital. Most recently, in February 2026, ASM Technologies made a strategic investment of ₹48 Crores (approximately $5.8 million) for a 20% stake, valuing Myelin Foundry at ₹240 Crores and aiming to integrate its edge AI into smart manufacturing and semiconductor applications.