About Myelin Foundry
Myelin Foundry is a company based in Bengaluru (India) founded in 2019 by Gopichand Katragadda and Ganesh Suryanarayanan.. Myelin Foundry has raised $10.7 million across 8 funding rounds from investors including Visteon, Beyond Next Ventures and SIDBI Venture Capital. The company has 41 employees as of April 08, 2024. Myelin Foundry offers products and services including Fovea EDGE, Fovea STREAM, Fovea AUTO, and MICI. Myelin Foundry operates in a competitive market with competitors including Abacus.AI, Ambarella, IntelliFusion, Awiros and Unleash live, among others.
- Headquarter Bengaluru, India
- Employees 41 as on 08 Apr, 2024
- Founders Gopichand Katragadda, Ganesh Suryanarayanan
- Stage Minicorn
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
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Phone
*********
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Website
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Social
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- Legal Name Myelin Foundry Private Limited
- Date of Incorporation 21 Jan, 2019
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$888.19 K (USD)883.08as on Mar 31, 2023
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Net Profit
$-259.31 K (USD)69.27as on Mar 31, 2023
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EBITDA
$-222.05 K (USD)70.52as on Mar 31, 2023
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Total Equity Funding
$10.7 M (USD)
in 8 rounds
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Latest Funding Round
$4 M (USD), Series A
May 08, 2024
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Investors
Visteon
& 20 more
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Employee Count
41
as on Apr 08, 2024
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Products & Services of Myelin Foundry
Myelin Foundry offers a comprehensive portfolio of products and services, including Fovea EDGE, Fovea STREAM, Fovea AUTO, and MICI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables real-time AI inference on edge devices for automation.
Reduces content delivery costs using edge AI processing.
Supports in-vehicle infotainment and ADAS applications.
Facilitates multi-sensor data fusion for factory automation.
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Funding Insights of Myelin Foundry
Myelin Foundry has successfully raised a total of $10.7M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series A — $4.0M
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First Round
First Round
(24 May 2019)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - Myelin Foundry | Valuation | SIDBI Venture Capital | |
| Jan, 2023 | Amount | Series A - Myelin Foundry | Valuation | Visteon | |
| Apr, 2022 | Amount | Seed - Myelin Foundry | Valuation | Pratithi Investments , Beyond Next Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Myelin Foundry
Myelin Foundry has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Visteon, Beyond Next Ventures and SIDBI Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital management for SMEs and startups in India.
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Founded Year | Domain | Location | |
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Early-stage venture capital investing in AI, deep tech, healthcare, and fintech startups.
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Founded Year | Domain | Location | |
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Private investment arm of Kris Gopalakrishnan Family Office.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Myelin Foundry
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Myelin Foundry
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Myelin Foundry Comparisons
Competitors of Myelin Foundry
Myelin Foundry operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Abacus.AI, Ambarella, IntelliFusion, Awiros and Unleash live, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides AI based data models creation for data science
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| domain | founded_year | HQ Location |
AI-enabled image processors are manufactured for ADAS and security applications.
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| domain | founded_year | HQ Location |
Provider of AI and cloud-based vision processing units for video analytics applications
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| domain | founded_year | HQ Location |
Real-time video analytics solutions are provided via AI platform.
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| domain | founded_year | HQ Location |
AI based platform offering image and video analytics solutions
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| domain | founded_year | HQ Location |
AI and cloud-enabled video-security solutions are offered for fleet monitoring.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Myelin Foundry
Frequently Asked Questions about Myelin Foundry
When was Myelin Foundry founded?
Myelin Foundry was founded in 2019.
Where is Myelin Foundry located?
Myelin Foundry is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Myelin Foundry?
Gopichand Katragadda is the current CEO of Myelin Foundry. They have also founded this company.
Is Myelin Foundry a funded company?
Myelin Foundry is a funded company, having raised a total of $10.7M across 8 funding rounds to date. The company's 1st funding round was a Seed of $735.87K, raised on May 24, 2019.
How many employees does Myelin Foundry have?
As of Apr 08, 2024, the latest employee count at Myelin Foundry is 41.
What is the annual revenue of Myelin Foundry?
Annual revenue of Myelin Foundry is $888.19K as on Mar 31, 2023.
What does Myelin Foundry do?
Myelin Foundry was founded in 2019 in Bengaluru, India, as a deep-tech startup focused on artificial intelligence. Edge AI solutions are created to handle real-time processing of unstructured data, supporting applications across industries. Operations emphasize deployment at the edge to improve efficiency in sectors like manufacturing and healthcare, with leadership provided by co-founders Gopichand Katragadda as CEO and Ganesh Suryanarayanan as CTO.
Who are the top competitors of Myelin Foundry?
Myelin Foundry's top competitors include Abacus.AI, Ambarella and IntelliFusion.
What products or services does Myelin Foundry offer?
Myelin Foundry offers Fovea EDGE, Fovea STREAM, Fovea AUTO, and MICI.
Who are Myelin Foundry's investors?
Myelin Foundry has 21 investors. Key investors include Visteon, Beyond Next Ventures, SIDBI Venture Capital, Endiya Partners, and Eureka Stock and Share Broking Services.
What is Myelin Foundry's valuation?
The valuation of Myelin Foundry is $19M as of May 2024.
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