Myelin Foundry raises $1 million in Pre-Series A funding

Bengaluru-based deep tech artificial startup, Myelin Foundry, on Wednesday said that it has raised $1 million as a part of its pre-series A round led by Japanese venture capital firm, Beyond Next Ventures.

Existing investor, Endiya Partners, also participated as a part of the pre-Series A round.

The company will be using the funds to further consolidate its presence in the India market, and expand into international geographies.

Myelin Foundry is a deep tech product startup, which allows users to access high-definition streaming experiences, through its proprietary product, Fovea Stream.

“We are excited to welcome Beyond Next Ventures as an investor. Myelin has developed globally leading products and capability in Edge AI.