TrueFoundry Raises $19 Million in Series A Funding for AI Deployment Optimization

TrueFoundry, a pioneering platform dedicated to the deployment and scaling of artificial intelligence (AI) applications, has successfully secured $19 million in its Series A funding round.

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Intel Capital led this major investment, joined by existing investors like Eniac Ventures and Peak XV’s Surge, plus new investors, including Jump Capital and angels like Gokul Rajaram and Mohit Aron.

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Based in Bengaluru and San Francisco, TrueFoundry wants to transform how businesses build and deploy AI applications.

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This funding will advance its mission, building a universal platform to overcome infrastructure challenges that enterprises face when implementing AI solutions.

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Nikunj Bajaj, CEO and co-founder of TrueFoundry, states the platform’s efficiency enables companies to build internal AI platforms in two months and achieve ROI within four months.

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This funding round extends TrueFoundry’s strong growth, with a fourfold rise in customer acquisitions year-over-year and the deployment of over 1,000 ML clusters.

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