TrueFoundry Grabs $19 Million Series A

<p>TrueFoundry has raised &dollar;19 million in Series A funding&comma; led by <a href&equals;"https&colon;&sol;&sol;www&period;intelcapital&period;com&sol;">Intel Capital<&sol;a>&comma; with participation from existing investors <a href&equals;"https&colon;&sol;&sol;www&period;peakxv&period;com&sol;">Peak XV&lpar;formerly Sequoia India&rpar;<&sol;a> and <a href&equals;"https&colon;&sol;&sol;www&period;eniac&period;vc&sol;">Eniac Ventures&period;<&sol;a><&sol;p>&NewLine;<p>The company is also adding <a href&equals;"https&colon;&sol;&sol;jumpcap&period;com&sol;">Jump Capital<&sol;a> as a new investor&comma; alongside angel investors including <a href&equals;"https&colon;&sol;&sol;www&period;linkedin&period;com&sol;in&sol;gokulrajaram1&sol;">Gokul Rajaram<&sol;a> &lpar;Product Leader&comma; DoorDash &amp&semi; ex-Google&rpar;&comma; <a href&equals;"https&colon;&sol;&sol;www&period;linkedin&period;com&sol;in&sol;mohit-aron-a83858&sol;">Mohit Aron<&sol;a> &lpar;Founder&comma; Nutanix &amp&semi; Cohesity&rpar;&comma; <a href&equals;"https&colon;&sol;&sol;www&period;linkedin&period;com&sol;in&sol;cyanb&sol;">Cyan Banister<&sol;a> &lpar;Early-stage investor&comma; Uber &amp&semi; SpaceX&rpar;&comma; <a href&equals;"https&colon;&sol;&sol;www&period;linkedin&period;com&sol;in&sol;ankit-sobti&sol;">Ankit Sobti<&sol;a> &lpar;Co-founder&comma; Postman&rpar;&comma; and <a href&equals;"https&colon;&sol;&sol;www&period;linkedin&period;com&sol;in&sol;lennyrachitsky&sol;">Lenny Rachitsky<&sol;a> &lpar;Author&comma; Lenny’s Newsletter and Lenny’s Podcast&rpar;&comma; as well as investments from executives at Fortune 1000 companies&period;<&sol;p>&NewLine;<p>The rapid rise of generative AI has made deploying machine learning models from development to production increasingly challenging&period; Enterprises grapple with governance&comma; data privacy&comma; and rising infrastructure costs like GPU orchestration and model scaling&comma; which slow innovation and limit the impact of AI&period; TrueFoundry’s platform tackles these pain points head-on&comma; enabling companies to deploy&comma; manage&comma; and scale AI applications seamlessly&comma; securely&comma; and cost-effectively&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Enterprises using TrueFoundry have built and launched their internal AI platforms in as little as two months&comma; achieving ROI within four months–a stark contrast to the industry average of 14 months&comma;” said Nikunj Bajaj&comma; CEO &amp&semi; Co-founder of TrueFoundry&period; &OpenCurlyDoubleQuote;Our platform integrates seamlessly across clouds&comma; models&comma; and frameworks&comma; ensuring no vendor lock-in while future-proofing deployments for evolving AI patterns like RAGs and Agents&period;”<&sol;p>&NewLine;<p>TrueFoundry’s unified platform as a service &lpar;PaaS&rpar; enables enterprise AI&sol;ML teams to build&comma; deploy&comma; and manage large language model &lpar;LLM&rpar; applications on cloud or on-prem infrastructure with speed&comma; scalability&comma; and security&period; With a developer-first interface&comma; it simplifies the AI deployment process&comma; empowering full-stack data scientists to independently create&comma; test&comma; and scale applications&period; The platform integrates essential AI deployment functions—from model cataloging and fine-tuning to API deployment—into a single system&comma; ensuring secure&comma; efficient operations while bridging the gap between DevOps and MLOps&period;<&sol;p>&NewLine;<p>TrueFoundry has helped customers accelerate development cycles&comma; achieve 10X faster business value&comma; save on infrastructure costs&comma; and scale with smaller teams&period; For example&comma; TrueFoundry optimized NVIDIA’s GPU usage for LLM workloads by automating resource allocation and job scheduling&comma; reducing idle time&comma; cutting costs&comma; and improving efficiency&period; The platform’s real-time monitoring and adaptive scaling ensured reliable AI model training and deployment&comma; while seamless integration sped up iteration and time-to-value&period;<&sol;p>&NewLine;<p>&&num;8220&semi;TrueFoundry is uniquely positioned to address the growing complexities of AI deployment&period; Their platform simplifies the process for AI teams&comma; enabling them to build&comma; deploy&comma; and scale applications with speed and efficiency&comma;” said Avi Bharadwaj&comma; Investment Director at Intel Capital&period; &OpenCurlyDoubleQuote;With a focus on cost-efficiency&comma; governance&comma; and security&comma; TrueFoundry is solving critical challenges for businesses&comma; and we believe they are poised to lead in the rapidly expanding AI infrastructure market&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The Series A funding–which brings the company’s total financing to &dollar;21 million–will allow TrueFoundry to accelerate its mission toward building a universal platform to build and deploy AI applications with zero infrastructure hassles&period; It fuels growth in key areas&comma; including team expansion and go-to-market efforts to drive customer acquisition and expansion&period;<&sol;p>&NewLine;

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