Stake sale · AI & Deep Tech

Myelin Foundry sells 20% stake to ASM Technologies

By Startup Enthusiast · 20 February 2026

What they do

Myelin Foundry builds edge-first AI tools for real-time audio video and sensor analysis in media and automotive sectors

ASM Technologies acquired a 20% stake for ₹48 Cr ($5.3 Mn) with completion expected within twelve months

The deal integrates Myelin's stack into ASM's manufacturing portfolio to improve operational intelligence across semiconductor and solar industries

ASM Technologies board approved investment to acquire 20% stake in Myelin Foundry.
The transaction value is ₹48 Cr which equals approximately $5.3 Mn.
Deal completion is expected within twelve months of the board approval.
This represents a secondary sale where existing shareholders sell their shares without new money reaching the company.
The announcement was timed with the India AI Impact Summit 2026 featuring major investment commitments.
Myelin Foundry previously partnered with Mahindra & Mahindra for AI in-vehicle experiences.
The company has raised over $8 Mn from previous investors including Visteon Corporation and SIDBI Venture Capital.
ASM Technologies is a listed digital services provider expanding its engineering design-led manufacturing portfolio.

The deal bridges the gap between AI technology and factory floor operations.
It addresses industry requirements for real-time operational intelligence in semiconductor and electronics sectors.
The integration supports equipment reliability in solar and engineering industries.
The timing highlights strong investor interest in Indian AI ecosystem during the summit.

Myelin Foundry targets media entertainment and automotive sectors with AI solutions for edge devices.
The company specializes in predictive intelligence and multimodal analytics on audio video and sensor data.
Core product XAIRA is an agentic AI assistant designed for natural conversations.
Product P.I.E. provides in-car protection information and entertainment suite capabilities.
INSPECT AI detects surface defects like dents cracks paint issues and wear on surfaces.
Upscaler AI enhances SD to HD or FHD resolution cutting streaming costs by 40%.
LIP-SYNC AI enables generative AI dubbing with lip-sync across multiple languages.
The firm operates as a Bengaluru-based startup founded in 2019.
The business model focuses on edge-first AI stacks for low-latency real-time processing.

Integration of Myelin’s edge-first AI stack into ASM’s engineering design-led manufacturing portfolio.
Addressing industry requirements in semiconductor electronics solar and engineering sectors.
Providing real-time operational intelligence and equipment reliability solutions.

ASM Technologies (buyer) — Listed digital services provider acquiring 20% stake in Myelin Foundry.
Visteon Corporation (existing) — Previous investor contributing to over $8 Mn raised funding.
SIDBI Venture Capital (existing) — Venture capital arm supporting early stage Indian startups.
Endiya Partners (existing) — Investment firm participating in prior funding rounds.
Beyond Next Ventures (existing) — Venture fund backing deep tech and AI companies.
Pratithi Investment Trust (existing) — Investment trust involved in previous Myelin Foundry financing.
Subh Labh (existing) — Investor in earlier stages of Myelin Foundry development.

Product: Edge AI solutions with XAIRA conversational AI assistant and P.I.E. in-car AI suite for local data processing
Customers: Media & entertainment, automotive, and industrial sectors requiring on-device AI
How it makes money: B2B licensing and technology partnership model with OEMs and enterprises
What sets it apart: On-device AI processing without cloud dependency for use cases with limited internet connectivity