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Burgeon Law advised SIDBI Venture Capital Ltd on their investment in Myelin Foundry, a leading artificial intelligence-based deep-tech startup!
The USD 4 million investment round was led by SIDBI Venture Capital Limited, with participation from Endiya Partners, Pratithi Investment Trust, and Subh Labh (among others).
Our transaction team, consisting of Anish Jaipuriar (Partner), Hardik Sabbarwal (Senior Associate), and Kritika Shrivastava (Associate), played a key role in getting the deal done.
In addition to the essential provisions, the deal documents included a strong focus on ring-fencing liabilities associated with the use and deployment of AI, considering both legal and regulatory aspects. ď¸
Congratulations to Myelin Foundry and SIDBI Venture Capital Ltd on this exciting development!
Read about this deal on The Economic Times: https://lnkd.in/dYxk8e8x
Watch the video on YouTube: https://lnkd.in/dMiYct_j
