Bengaluru: ASM Technologies Ltd, a global engineering design-led manufacturing company, announced a strategic investment and strategic partnership in Myelin Foundry Private Limited to deploy patented, high-performance AI solutions on Friday.
ASM has signed definitive agreements to invest approximately INR 48 crore to acquire an aggregate 20% stake in Myelin Foundry. This will address evolving industry requirements across semiconductor, electronics, solar and
engineering, where real-time operational intelligence and equipment reliability are increasingly critical.
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.
Bridging the Gap between AI and the Factory Floor
While many AI solutions remain confined to data centres, this partnership focuses on Edge AI: processing complex data directly on the machines. The rollout will be focusing on:
- 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
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.”
