Industry And Cluster | News & Insights

Infosys co-founder invests in deep tech AI startup Myelin Foundry

Published: June 12, 2020

Myelin Foundry, a deep tech AI startup, has raised undisclosed funding from Infosys Co-
founder and former Chairman Kris Gopalakrishnan’s family office — Pratithi. This startup had raised $1 million in seed round in September 2019 led by Endiya Partners.

The startup will use this latest round of funding to increase its reach in the OTT market in
India and internationally. According to Myelin, it has been seeing significant traction with
large customers and is looking to raise its Series A funding over the next two quarters.

The company was founded in January 2019 by Dr Gopichand Katragadda — the former
CTO at Tata Sons, Ganesh Suryanarayanan, and Aditi Olemann. According to a press
release, Myelin Foundry is building edge AI products that transform visual experiences
and personalised outcomes on consumer edge devices using proprietary AI algorithms for
video, voice, and sensor data.

The startup’s first product — Fovea Stream, is targeted at the media and entertainment industry where it can be deployed on edge devices such as mobile phones, to provide the high quality visual experience even with low bandwidth consumption for OTT providers and viewers.

Myelin Foundry builds artificial intelligence algorithms on video, voice, and sensor for
edge devices like mobile phones, tablets, or laptops. The founders of this startups have
expertise in producing deep learning frameworks with applications in Media & Entertainment, Health & Wellness, and National Security.

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