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Myelin Foundry raises Pre-Series A round led by Beyond Next Ventures
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[Funding alert] Deeptech startup Myelin Foundry raises $1M in pre-Series A led by Beyond Next Ventures
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Apr 5, 2021
When asked why the program excites Endiya, the firm’s Managing Director Sateesh Andra said, “The last few years have seen advancements in the field of Frontier Technologies globally, leading to accelerated digital transformation geared to embrace newer possibilities. We have guided our portfolio companies, SigTuple, AlphaICs, Steradian Semiconductors, Myelin Foundry, Shieldsquare and Cell Propulsion – all market innovating ideas in technology – to cross the chasm, whether it was in finding the right investment, their first set of customers, or the right team to work with. At Endiya, we understand the founders, the dilemmas they face and how this ecosystem works, putting us in a great position to share our knowledge with the FTIX cohort.”
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New Delhi: “The startups have demonstrated their skills to overcome the challenges of pandemic by providing quality products in affordable prices”, said Professor K. Vijay Raghavan, Principal Scientific Adviser to Government of India in his address at India CII Global Startup Summit 2021
While delivering the keynote address at the inaugural session of ‘India CII Global Startup Summit’, Prof. K VijayRaghavan, Principal Scientific Adviser to the Government of India highlighted the need for creating unique design driven products backed with strong IPR regime.
He also elucidated on the industry driven ‘Catapult’ model of UK saying that such a model and mechanism would be of critical significance to India especially for aerospace and hi-technology sectors. Professor Vijay Raghavan also talked about the need of engagement among the industry-academia-startups triad for multi-fold development of startups.
[Funding alert] Infosys to invest $1M in ideaForge Technology
In 2016, Infosys had announced investing in ideaForge, an Indian start-up focused on unmanned aerial vehicle or UAV solutions (drones).
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IT services major Infosys on Thursday said it will invest an additional $ 1 million (about Rs 7.2 crore) in
ideaForge Technology, a UAV systems manufacturing company.
In 2016, Infosys had announced investing in ideaForge, an Indian start-up focused on unmanned aerial vehicle or UAV solutions (drones). The company has agreed with ideaForge Technology.to invest an additional $ 1 million (earlier, the company had invested $ 1.5 million in 2016) taking the cumulative investment to $ 2.5 million as of date, subject to necessary closing conditions, Infosys said in a regulatory filing.
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