Press Release: Myelin Foundry raises $1 million in seed round

Press Release: Myelin Foundry raises $1 million in seed round

Bengaluru, IN – September 3, 2019

Myelin Foundry has closed a $1M seed funding round. This round has been led by Endiya Partners with an investment of $500K. This funding will be used for accelerating product development and market penetration.

About Myelin Foundry:

Myelin Foundry is a deep tech product start-up that transforms human experiences and industry outcomes by building Artificial Intelligence algorithms on video, voice, and sensor data for edge devices. The Myelin team has expertise in productising deep learning frameworks including CNNs, and GANs, with applications in Media & Entertainment, Health & Wellness, and National Security.

The Myelin AI solutions will:

1.Transform OTT industry by providing AI solutions that disrupt the cost of media streaming while providing enhanced viewer experience

2. Reduce time and cost to market for video and gaming content creators

3. Quantify state of wellness, leveraging AI and advanced sensors for measuring inflammation

4. Tackle the problem of limited data availability for AI model training, utilising sparse data AI techniques

About Endiya Partners:

Endiya Partners is a seed and early-stage venture capital fund that invests in IP led Indian product startups that are globally relevant. Leveraging deep domain expertise along with vast entrepreneurial and operating experience, the Endiya team plays a key role in co-creating scalable businesses. Endiya’s portfolio consists of disruptive and category-defining companies across Technology, Healthcare, and Tech-enabled Consumer sectors. Endiya’s current portfolio includes AlphaICs, Darwinbox, Hansel.io, Kissht and SigTuple, Founded in 2016, Endiya Partners has Rs 500Cr under management. 

For more information on Endiya Partners, visit www.endiya.com

Read the article on The Economic Times. We also got featured on VCCircle, YourStory and Inc42.

0

Post a comment

Top