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truefoundry funding: TrueFoundry raises $2.3 million seed fund led by Sequoia India and Surge

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truefoundry funding: TrueFoundry raises $2.3 million seed fund led by Sequoia India and Surge

2022-09-20 00:30:00

US-based machine studying startup TrueFoundry mentioned it has raised $2.3 million seed fund led by Sequoia India and Southeast Asia’s Surge.
Angel Record cofounder Naval Ravikant and Eniac Ventures additionally participated within the funding spherical. The startups mentioned that the cash will likely be invested in hiring tech expertise and in addition in product growth.

Based in 2021 by former Meta executives Abhishek Choudhary and Nikunj Bajaj, and angel investor Anuraag Gutgutia, TrueFoundry gives instruments for startups and small companies to deploy and monitor machine studying fashions on the pace of massive tech corporations like Alphabet and Meta.

The corporate mentioned that for small companies growing such machine studying fashions on their very own would take vital time, cash, and energy. TrueFoundry’s product will be deployed in 5 minutes by machine studying builders of small companies and startups, making them 10x quicker. It will assist the machine studying engineers to focus extra on increased worth and extra artistic duties, the corporate mentioned.
TrueFoundry mentioned that its instruments are platform agnostics and will be simply built-in with servers like Amazon Net Providers (AWS), Google Cloud, Tensorflow, and Kubernetes.

“With our automated platform, information scientists and engineers are in a position to deploy machine studying fashions on the pace and maturity of massive tech, reducing their manufacturing timelines from a number of weeks to some hours,” Bajaj, who additionally occurs to be the CEO TrueFoundry. “Information is the brand new oil, and we wish to allow corporations to make use of machine studying quicker and generate better enterprise worth.”

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The startup’s different angel buyers embody Deutsche Financial institution International CIO Dilip Khandelwal, Head of GitHub India Maneesh Sharma, Greenhouse Software program CTO Mike Boufford and Kaggle Founder Anthony Goldbloom.

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