TrueFoundry, a cutting-edge AI deployment and scaling platform, has raised $19 million in a Series A funding round, reinforcing its mission to streamline and accelerate AI application development across enterprises. Intel Capital led the funding round, which saw contributions from existing investors Eniac Ventures, Peak XV’s Surge (formerly Sequoia Capital India & SEA), and newcomers Jump Capital and a group of prominent angel investors. Notable backers include Gokul Rajaram, Mohit Aron, Cyan Banister, and several executives from Fortune 1000 companies.
Avi Bharadwaj, Investment Director at Intel Capital, will be joining the board of directors for TrueFoundry, further enabling the company in its pursuit to innovate and grow.
Accelerating Growth in AI Deployment:
With this most recent funding, TrueFoundry has now raised a cumulative total of $21 million since the inception of the company. It will use the capital to accelerate the development of the product, augment its team, and strengthen go-to-market efforts as the company scales its AI infrastructure solutions.
TrueFoundry’s platform aims to remove bottlenecks from AI deployment. It enables enterprises to develop and manage AI applications with greater efficiency, reducing the timelines for deployment from months to mere minutes. The company cuts infrastructure costs drastically while enhancing scalability, enabling smaller teams to build and deploy AI applications 10 times faster than industry norms.
Driving Efficiency with Advanced AI Solutions:
A key differentiator for TrueFoundry is its automation-driven AI infrastructure, which optimizes resources and reduces idle time. For instance, the platform has helped NVIDIA streamline GPU utilization for large language model (LLM) workloads by automating job scheduling and resource allocation. This innovation has led to lower operational costs, improved efficiency, and faster AI processing.
“At TrueFoundry, we’re building a future where AI manages AI removing the bottlenecks of human intervention and unlocking unparalleled speed and scale,” said Abhishek Choudhary, Co-Founder & Chief Technology Officer.
Transforming Enterprise AI Deployment:
TrueFoundry offers one unified platform as a service (PaaS) that enables the simplification of AI deployment across both cloud and on-premises environments. Such an approach forms a developer-friendly ecosystem that empowers full-stack data scientists and machine learning engineers to independently build, test, and scale AI models without the burden of infrastructure management.
Already, the platform has shown impressive results, with enterprises launching their internal AI solutions within two months and realizing the ROI within four months, in stark contrast to the industry average of 14 months.
“Companies using TrueFoundry are implementing AI much faster, making their ML workflows more streamlined, and unlocking efficiencies that were otherwise unattainable,” said Nikunj Bajaj, Co-Founder & CEO of TrueFoundry.
Market and Industry Expansion:
TrueFoundry has witnessed fourfold year-over-year growth in its customer base, deploying more than 1,000 AI and ML clusters across various industries. It has partnered with Fortune 500 companies and major enterprises such as:
- NVIDIA
As enterprises continue to embrace AI-driven solutions, TrueFoundry will be a leader in AI deployment infrastructure, making it easy for businesses to integrate and scale AI solutions efficiently.
The Road Ahead: AI Agents and Next-Gen Automation
TrueFoundry is developing its next generation of innovation-AI Agents. The proactive, self-sustaining system aims to anticipate, adapt, and autonomously optimize AI workloads, changing the definition of how AI is deployed and managed even more intuitively and efficiently.
“TrueFoundry is uniquely positioned to address the growing complexities of AI deployment,” said Avi Bharadwaj, Investment Director at Intel Capital. “Their platform simplifies the process for AI teams, enabling them to build, deploy, and scale applications with speed and efficiency.”
With this new infusion of funding and continued innovation, TrueFoundry is ready to revolutionize the enterprise AI deployment landscape, opening up new horizons in AI scalability, automation, and efficiency.
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