Deep tech AI startup Myelin Foundry has raised a pre-series A round of $1 million led by Japanese VC firm, Beyond Next Ventures. The company was founded in January 2019 by Gopichand Katragadda, Ganesh Suryanarayanan and Aditi Olemann. Endiya Partners, who invested during the Seed stage has also participated of the pre-Series A fund raise. Myelin Foundry is a deep tech product startup transforming human experiences & industry outcomes, by building AI algorithms on video, voice, and sensor data, for edge devices. Myelin’s first product in the market, Fovea Stream, enables HD viewing experiences with SD transmission. Among other recognitions, Myelin has been awarded the ‘Nasscom Emerge 50’ in the Enterprise category, and the ‘Investor’s choice’ in the 6th cohort of the NetApp Excellerator.
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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‘Digital today is the most advertised category’ – 30 quotes of the week on digital transformation
From digital change to Digital India, these quotes from the week of February 1-7 capture tech impacts sweeping across the world.
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Only three percent of the world is on the cloud. If you don t get senior management together, it does not happen. - Andy Jassy, Amazon
Climate change is an urgent and complex challenge, and CXOs need to come up with stricter regulations. Sustainability needs to be managed every day. - Mayank Chauhan, LogicLadder
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India’s startup ecosystem is flooded with data and insights about funding in the B2B technology space. However, there is hardly any statistics on B2B technology startups led by women leaders. Within this limited availability of data, the narratives point to the fact that the number of women driving B2B technology and especially B2B deep technology is small. Madhurima Agarwal, Leader, NetApp Excellerator agrees, “Historically, we have seen a lower percentage of women in the STEM (Science, Technology, Engineering and Mathematics) fields in India, so has been the case in the B2B technology space. There is a huge gap in the number of women entrepreneurs in deep technology compared to the B2C technology in the startup ecosystem.”