TrueFoundry has secured $19 million in Series A funding led by Intel Capital. This round also saw participation from existing investors Eniac Ventures and Peak XV’s Surge. New investor Jump Capital joined alongside angel investors like Gokul Rajaram, Mohit Aron, and Cyan Banister.

Avi Bharadwaj, investment director at Intel Capital, will take a seat on TrueFoundry’s board. This funding brings the company's total capital to $21 million. TrueFoundry plans to use the investment to enhance its AI application platform and expand its team.

The company’s platform helps enterprises streamline AI and machine learning (ML) deployment. It reduces infrastructure challenges and speeds up the process of launching AI applications. According to CEO Nikunj Bajaj, businesses using TrueFoundry have launched internal AI platforms in just two months, achieving ROI within four months. The industry average is typically 14 months.

TrueFoundry operates a cloud-native system that optimizes ML workflows. The platform enables companies to deploy AI models within minutes. It has collaborated with major firms like Games 24x7 and Whatfix to improve scalability while cutting infrastructure costs.

"TrueFoundry is uniquely positioned to address AI deployment challenges," said Avi Bharadwaj. He noted that the platform allows AI teams to build, launch, and scale applications efficiently.

The company has grown its customer base fourfold year-over-year. It has deployed over 1,000 ML clusters across various clients. TrueFoundry also works with global enterprises like Siemens Healthcare, ResMed, and NVIDIA.

TrueFoundry aims to redefine AI deployment with its AI Agent. This technology is designed to optimize processes, reduce human intervention and improve scalability.

SOURCE: BUSINESSSTANDARD

PHOTO: COMMUNICATIONS TODAY

This article was created with AI assistance.