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AI startup TrueFoundry secures $19m series A
TrueFoundry, founded by former Meta engineers, raised US$19 million in series A funding led by Intel Capital, with participation from Peak XV Partners, Jump Capital, and others.
Founded in 2021, the startup provides an AI deployment platform that helps enterprises optimize machine learning operations with auto-scaling, monitoring, and centralized access controls.
Initially focused on machine learning, TrueFoundry now supports generative AI deployments on AWS, Google Cloud, Azure, and on-premise solutions.
The new funding will support US expansion, hiring for sales and product marketing, and partnerships with cloud providers.
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