# Myelin Foundry Private.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/myelin-foundry-private

- Industry: Software
- Headquarters: Bengaluru, India
- Website: www.myelinfoundry.ai
- Total disclosed funding: $6.4M
- Latest round: Series B (May 10, 2024)
- Investors on record: 5

## About

Founded in 2019 and based in Karnataka, India, Myelin Foundry Pvt. Ltd. operates as a deep technology company that offers software solutions. The company was founded by its CEO, Gopichand Katragadda. In February 2026, Myelin Foundry Pvt. Ltd. raised INR 480 million in venture funding led by new investor ASM Technologies Limited.

The firm’s product line includes Fovea STREAM, an AI-powered video enhancement platform; Fovea EDGE, which is a suite of AI-powered tools designed for automated visual inspection tasks on factory floors; and Fovea AUTO, which is a platform that automates visual inspection in factories and helps manufacturers automate visual inspection tasks on the factory floor using AI.

The company plans to use the funds raised in February 2026 to integrate edge-based AI into ASM’s manufacturing offerings to support real-time operational insights.

## Funding rounds

- Series B, May 10, 2024, $4M — SIDBI Venture Capital, Endiya, Pratithi Investment Trust
- Series A, Jan 3, 2023, $1.9M — Visteon Corporation Pension Plan, Endiya, Beyond Next Ventures, Pratithi Investment Trust
- Seed, Sep 28, 2019, $0.6M — Endiya

## Investors

- Endiya (https://capitalatlas.ai/funds/endiya) — Seed, Series A, Series B
- Visteon Corporation Pension Plan — Series A
- Beyond Next Ventures (https://capitalatlas.ai/funds/beyond-next-ventures) — Series A
- Pratithi Investment Trust — Series A, Series B
- SIDBI Venture Capital (https://capitalatlas.ai/funds/sidbi-venture-capital) — Series B