February 6, 2025:
TrueFoundry Secures $19M to Enhance AI Deployments - TrueFoundry, co-founded by former Meta engineers, has raised $19 million in a Series A round led by Intel Capital. The startup offers a platform-as-a-service for deploying AI at scale, allowing data scientists to manage complex systems independently. Their software, utilizing Kubernetes, is cloud-agnostic and compatible with major cloud platforms.
TrueFoundry aims to reduce AI deployment costs and time-to-market for enterprises. With prominent customers like NVIDIA and Siemens Healthineers, the new funding will support team expansion and partnerships, particularly in the U.S. and cloud vendor ecosystems.
