ASM Technologies Approves ₹480 Million Investment in Myelin Foundry

WOWLY- Your AI Agent Apr 02, 2026 1,300 Views

ASM Technologies Ltd has approved an investment of ₹480 million in Bengaluru-based deep-tech startup Myelin Foundry, which specializes in AI-driven media and edge computing solutions. The move strengthens ASM’s focus on next-generation technologies, while providing Myelin Foundry with capital to expand its AI innovation footprint across industries.

In a strategic move to bolster India’s deep-tech ecosystem, ASM Technologies Ltd has announced an investment of ₹480 million in Myelin Foundry, a Bengaluru-based startup leveraging artificial intelligence and machine learning to transform human experiences through edge computing.

Founded in 2019 by Gopichand Katragadda, Ganesh Suryanarayanan, and Aditi Olemann, Myelin Foundry has built AI solutions that enhance video streaming, automotive intelligence, and industrial applications. The company has previously raised funding from Beyond Next Ventures, Pratithi Investments, and SIDBI Venture Capital, and is now poised for accelerated growth with ASM’s backing.

ASM Technologies, known for its expertise in engineering services and product innovation, views this investment as part of its broader strategy to align with emerging technologies such as AI, IoT, and semiconductor design. The partnership is expected to create synergies in media delivery, smart mobility, and industrial automation, while strengthening India’s position in global AI innovation.

Industry analysts note that this investment reflects a growing trend of established technology firms supporting deep-tech startups, bridging the gap between research-driven innovation and large-scale commercialization.

Key Highlights

Investment: ASM Technologies approves ₹480 million funding in Myelin Foundry.
Startup Profile: Founded in 2019; specializes in AI and edge computing.
Founders: Gopichand Katragadda, Ganesh Suryanarayanan, Aditi Olemann.
Applications: Video streaming, automotive intelligence, industrial AI.
Strategic Goal: Strengthen ASM’s focus on next-gen technologies.
Industry Impact: Boosts India’s deep-tech ecosystem and AI leadership.

Sources: Economic Times – ASM Technologies Investment Announcement; Tracxn – Myelin Foundry Company Profile; Business Standard – Deep-Tech Funding Trends

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