Ltd.Myelin was founded in January last year by Gopichand Katragadda, Ganesh Suryanarayanan and Aditi Olemann. The extended seed funding round comes a little over eight months after the startup raised $1 million from early stage venture capital fund Endiya Partners. The company looks to raise capital in a Series A funding round in the next two quarters, the statement added.The startup was founded in 2019 by former Tata Sons group chief technology officer Gopichand Katragadda, and former Tata Group employees Ganesh Suryanarayanan and Aditi Olemann.“Myelin is at the leading edge of artificial intelligence (AI) and machine learning (ML)-based solutions. It is focussed on developing artificial intelligence-backed tools that focus on improved visual experiences and personalised outcomes for consumers.The Bengaluru-based company said in a statement it will use the funds for entering over-the-top (OTT) markets in India and abroad. But we believe that we will emerge out of this into the positive in 12-18 months. The Bengaluru-based company said in a statement it will use the funds for entering over-the-top (OTT) markets in India and abroad. Sunil Munjal’s family office has invested in a host of startups, ecommerce ventures and social impact companies and funds. The funds from the round will be used for expansion into the Indian and international OTT market. Property of Mosaic Media Ventures Pvt. KC Ganesh, president of Prayog Advisors which is the family office of Kris Gopalakrishnan, said the portfolio was impacted by 15-20 percent due to COVID-19. Myelin Foundry, a deep tech AI startup, has raised undisclosed funding from Infosys Co-founder and former Chairman Kris Gopalakrishnan’s family office — Pratithi.
They are creating solutions that will change industries and Pratithi is happy to support the executive leadership of Myelin on this journey,” Gopalakrishnan said.
Myelin Foundry Pvt. It is also looking to raise its Series A round over the next couple of quarters.Myelin Foundry Pvt. Copyright © 2020 VCCircle.com. Axilor helps early-stage startups succeed. It helps founders improve their odds of success through its programs and a unique venture funding model. Our investments are long term, patient capital. Bengaluru-based deeptech startup Myelin Foundry has raised an undisclosed amount of capital from Infosys co-founder Kris Gopalakrishnan’s family office Pratithi Investment Trust. The family office of Ajay Piramal is known as one of the savviest value investors in the venture capital circuit with his son and son-in-law both actively involved in investing in early stage companies. They are creating solutions that will change industries and Pratithi is happy to support the executive leadership of Myelin on this journey,” Gopalakrishnan said.Myelin builds AI algorithms on video, voice and sensor data for edge devices to provide enhanced visual experiences and personalised outcomes for various industries, including media and entertainment, healthcare and industrial applications. Bengaluru-based deeptech startup Myelin Foundry has raised an undisclosed amount of capital from Infosys co-founder Kris Gopalakrishnan’s family office Pratithi Investment Trust.The startup will use the fresh funds to foray into the Indian and overseas over-the-top (OTT) market, an official statement said. Myelin Foundry, a deep tech AI startup that raised $1 million in seed round in September 2019 led by Endiya Partners, has now raised further from Kris Gopalakrishnan’s family office Pratithi. Accelerator Seed … MUMBAI: Bengaluru-based deep tech startup, Myelin Foundry, has raised an undisclosed amount in a fresh round of funding from Kris Gopalakrishnan’s family office, Pratithi. Ltd, which operates an eponymous deep technology startup focussed on streamlining content creation, has raised funding from Pratithi, the family office of Infosys co-founder Kris Gopalakrishnan.AI startups have seen a massive surge of investor interest and funding in the last few years, as companies and clients across sectors seek to address pain points in their operations. Startups are also using to launch new products, service categories, and entire sectors.“Myelin is at the leading edge of AI/ML-based solutions.