Wednesday, July 17, 2024
HomeBusinessTrueFoundry fundraises $2.3 Million to enhance ML deployments

TrueFoundry fundraises $2.3 Million to enhance ML deployments

Machine learning (ML) developer platform TrueFoundry has raised $2.3 million in seed funding led by Sequoia India and Surge in Southeast Asia. Investors also participated in the funding round, including Eniac Ventures and high-profile angels such as AngelList co-founder Naval Ravikant. The funds raised will be used to expand the technical team and further product development.

 

“TrueFoundry was born from the idea that the potential of machine learning should not be overlooked by companies large and small. Deploy learning models and reduce production time from weeks to hours. Data is the new oil, and we want to help companies harness machine learning faster to create more business value. Our investors and team share the belief that TrueFoundry is paving the way for innovation to power the future of companies, and their participation in our pre-launch funding proves it. ”

 

TrueFoundry aims to automate repetitive tasks in ML pipelines such as infrastructure and deployment, so data scientists and ML engineers can focus on higher-value, more creative work. It enables companies to continuously update existing models and release new models to gain a competitive advantage.

Founded by Abhishek Choudhary, Anuraag Gutgutia, and Nikunj Bajaj in June 2021, TrueFoundry is platform agnostic and easily integrated with existing stack for seamless implementation. Automate repetitive tasks with ML pipelines to accelerate ML deployment and live endpoint monitoring.

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