News Orders & Deals ASM Technologies Board Approves ₹48 Crore Investment in AI Company Myelin FoundryASM Technologies Board Approves ₹48 Crore Investment in AI Company Myelin Foundry
ASM Technologies Limited announced a strategic ₹48 crore investment in AI company Myelin Foundry Private Limited, securing a 20% shareholding through cash consideration. The board-approved transaction, filed under SEBI Regulation 30, focuses on integrating edge-first AI solutions into manufacturing processes, targeting predictive maintenance, multimodal analytics, and AI-augmented operations across semiconductor, electronics, and solar ecosystems.
*this image is generated using AI for illustrative purposes only.
ASM Technologies Limited has announced a strategic investment of ₹48 crores in Myelin Foundry Private Limited, marking a significant expansion into artificial intelligence solutions. The company's board of directors approved this investment during their meeting held on February 20, 2026, which commenced at 8:30 AM and concluded at 12:15 PM.
Regulatory Compliance and Filing
The investment announcement was made through an official filing to the Bombay Stock Exchange under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Vanishree Kulkarni, Company Secretary and Compliance Officer (Membership No.: F13306), ensuring full regulatory compliance.
| Filing Parameter: | Details |
|---|---|
| Regulation: | SEBI Regulation 30 |
| Exchange: | Bombay Stock Exchange |
| Scrip Code: | 526433 |
| Filing Date: | February 20, 2026 |
| Meeting Duration: | 8:30 AM to 12:15 PM |
Investment Details
The investment will secure ASM Technologies a 20% shareholding in Myelin Foundry through a cash consideration structure. The transaction is expected to be completed within 12 months of approval, with no governmental or regulatory approvals required for the acquisition.
| Parameter: | Details |
|---|---|
| Investment Amount: | ₹48 Crores |
| Shareholding Acquired: | 20% |
| Nature of Consideration: | Cash |
| Completion Timeline: | 12 Months |
| Related Party Transaction: | Not Applicable |
| Industry Sector: | AI Solutions |
Strategic Partnership Objectives
The partnership integrates Myelin's "edge-first" AI stack, specializing in predictive intelligence and multimodal analytics, directly into ASM's engineering design-led manufacturing portfolio. The collaboration focuses on bridging the gap between AI and the factory floor through Edge AI processing.
Key Focus Areas
The rollout will concentrate on four primary areas:
- Predictive Maintenance: Moving from reactive repairs to data-driven forecasting to eliminate unplanned downtime
- Multimodal Analytics: Fusing data from sensors, vision, and acoustics for a 360-degree view of machine health
- AI-Augmented Operations: Empowering human operators with real-time, intelligent assistance to improve safety and precision
- Sustainability & Efficiency: Optimizing energy consumption and resource allocation through autonomous system adjustments
Leadership Perspectives
Rabindra Srikantan, Managing Director, ASM Technologies Ltd, said, "ASM has been progressively integrating AI across our engineering design-led manufacturing and automation solutions. This strategic investment in Myelin Foundry strengthens our technology foundation by adding advanced edge-based AI capabilities. The collaboration will enable us to deliver intelligent capital equipment for semiconductor, electronics, solar and engineering ecosystems as they move towards smarter manufacturing environments that enhance yield, through put, equipment reliability with predictive real time intelligence."
Gopichand Katragadda, Founder and CEO, Myelin Foundry, said, "Industrial AI must operate reliably in real production settings where decisions are made in real time. The investment from ASM Technologies allows us to scale our multimodal AI platforms across global manufacturing ecosystems and demonstrate the impact of edge intelligence at the machine level. Together, we aim to accelerate the shift towards autonomous, efficient and data-driven manufacturing."
About Myelin Foundry
Myelin Foundry Private Limited is a deep-tech AI company incorporated on January 21, 2019, in India. The company transforms industries with edge-native artificial intelligence, specializing in low-latency, secure environments and providing advanced vision and time-series analytics for industrial, automotive, and media sectors.
Financial Performance
| Financial Year: | Turnover (₹) |
|---|---|
| 2024-25: | 5,64,12,000 |
| 2023-24: | 6,15,69,000 |
| 2022-23: | 7,38,71,000 |
Funding History
Myelin Foundry has secured multiple funding rounds since its inception:
- Seed and early-stage funding rounds since 2019, including a pre-Series A round led by Beyond Next Ventures and Endiya Partners
- Series A funding of approximately USD 3 million led by Visteon Corporation in 2023
- Equity fundraising of approximately USD 4 million led by SIDBI Venture Capital Limited in 2024
Global Presence
Myelin Foundry operates through its U.S. wholly-owned subsidiary, Myelin Inc., incorporated in August 2023. The subsidiary supports global AI product business, facilitating deployment, customer engagement, and business development for edge-AI solutions across industrial automation, automotive systems, factory intelligence, and surveillance applications.
This strategic investment positions ASM Technologies to leverage cutting-edge AI capabilities in manufacturing processes, enhancing operational efficiency and technological advancement in their engineering portfolio.
Historical Stock Returns for ASM Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.48% | -6.71% | -10.97% | -22.14% | +125.24% | +1,699.59% |
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