Investment20 Feb 2026, 12:43 pm
ASM Technologies to Invest Rs. 48 Crores in Myelin Foundry for Edge AI Solutions
AI Summary
ASM Technologies Ltd. has approved a proposed investment of Rs. 48 Crores in Myelin Foundry Private Limited. Myelin Foundry is a deep-tech AI company that specializes in predictive intelligence and multimodal analytics. The partnership aims to bridge the gap between AI and the factory floor by processing complex data directly on machines. The investment will focus on predictive maintenance, multimodal analytics, AI-augmented operations, sustainability, and efficiency. The investment is expected to be completed in 12 months.
Key Highlights
- ASM Technologies to invest Rs. 48 Crores in Myelin Foundry
- Myelin Foundry specializes in predictive intelligence and multimodal analytics
- Partnership aims to bring AI to the factory floor
- Investment focus on predictive maintenance, multimodal analytics, AI-augmented operations, sustainability, and efficiency
- Expected completion of investment in 12 months