Ex-Facebook engineers’ machine learning firm secures $2.3m

TrueFoundry, a US-headquartered machine learning startup, has raised US$2.3 million in a seed round led by Sequoia India and Southeast Asia’s Surge, the VC firm’s rapid scale-up program.

(From left) TrueFoundry co-founders Anuraag Gutgutia, Abhishek Choudhary, and Nikunj Bajaj / Photo credit: TrueFoundry

Eniac Ventures also joined the round, as well as a clutch of angel investors.

Founded in June 2021 by Abhishek Choudhary, Anuraag Gutgutia, and Nikunj Bajaj, TrueFoundry offers solutions to startups that allow them to use machine learning models at the speed of big tech companies. These solutions automate the repetitive parts of the machine learning pipeline, which accelerates deployment.

“TrueFoundry was born out of the idea that no business – big or small – should miss out on the opportunities of machine learning,” said Bajaj, who also serves as the company’s CEO. He and Choudhary both worked at Facebook as software and machine learning engineers. Together with Gutgutia, the three co-founders previously established AI-based recruitment platform EntHire.

TrueFoundry was recently named among the 15 startups that make up Surge’s seventh cohort.

See also: Sequoia leads $1.2m raise in ex-Airbus exec’s greentech firm