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ASM Tech inks pact to acquire 20% stake in Myelin Foundry

20-Feb-26 14:48 Hrs IST

The partnership will integrate Myelin's 'edge-first AI stack'specializing in predictive intelligence and multimodal analytics'directly into ASM's engineering design led manufacturing portfolio. The collaboration is expected to address evolving requirements across semiconductor, electronics, solar and engineering sectors, where real-time operational intelligence and equipment reliability are increasingly critical.

As part of this initiative, the rollout will concentrate on several key areas. It will begin with predictive maintenance, shifting from reactive repairs to data-driven forecasting to minimize unplanned downtime. In additional, the partnership leverages multi 'modal analytics, integrating data from sensors, vision, and acoustics for a 360-degree view of machine health.

Further, it will advance AI-augmented operations by equipping human operators with real-time, intelligent assistance to improve safety and precision. Finally a strong emphasis will be placed on sustainability & efficiency optimizing energy consumption and resource utilization 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.'

ASM Technologies has been providing consulting and product development services in the areas of engineering services and product R&D. The company operates offshore development and support centres in India and overseas, catering to a diverse global clientele.

The counter rose 0.16% to end at Rs 2,642.15 on the BSE.

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2	31-01-2026	IT & IT Back Office	RFP - for Appointment of IAAP Certified Accessibility professionals as Auditors	Closed
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3	28-01-2026	IT	RFP for Procurement of Sophos Firewall	Closed
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	27-01-2026	IT & IT Back office	RFP - for Appointment of IAAP Certified Accessibility professionals as Auditors	Cancelled
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8	02-09-2025	IT	RFP for Procurement of Server	Closed
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19	22-11-2023	Compliance	Procurement of AML/PML software Solution - VC Meeting Link for opening of Tender Box on 22/11/2023 at 4.30 pm	Closed
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21	28-10-2024	IT	RFP for Procurement of Firewall	Closed
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22	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
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23	07-07-2023	CS	RFP for Secretarial Audit
24	26-06-2023	IT	RFP for AMC of Online UPS system installed at IFINs Branch office	Closed
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25	16-06-2023	IT	E-tender for engagement of annual system audit and cyber security audit agency	Closed
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26	15-06-2023	IT	RFP for AMC of 30KVA Online UPS system	Closed
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27	30-05-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch	Cancelled
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28	24-05-2023	ADMIN	RFP for Premises on Lease for Salem Branch	Closed
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29	24-04-2023	IA	Extension Of RFP iCOM IA for FY 2023-2024	Closed
30	25-04-2023	CS	Extension Of RFP for Seeking Quotations for Secretarial Audit Of IFIN Group for FY 2022-2023	Cancelled
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31	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
32	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024 for operations, accounts and control related activities.	Closed
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