With funding led by Intel Capital, TrueFoundry empowers enterprises to build and deploy AI applications with unparalleled efficiency and governance

February 06, 2025 09:10 AM Eastern Standard Time

SAN FRANCISCO–(BUSINESS WIRE)–TrueFoundry, a leading AI deployment and scaling platform, today announced it raised $19 million in Series A funding, led by Intel Capital. Existing investors Eniac Ventures and Peak XV’s Surge (formerly Sequoia Capital India & SEA) participated, alongside new investor Jump Capital and several angel investors including Gokul Rajaram, Mohit Aron, and executives from Fortune 1000s. In conjunction with the financing, Avi Bharadwaj, Investment Director at Intel Capital, will join TrueFoundry’s board of directors.

The rapid rise of generative AI has made deploying machine learning models from development to production increasingly challenging. Enterprises grapple with governance, data privacy, and rising infrastructure costs like GPU orchestration and model scaling, which slow innovation and limit the impact of AI. TrueFoundry’s platform tackles these pain points head-on, enabling companies to deploy, manage, and scale AI applications seamlessly, securely, and cost-effectively.

“Enterprises using TrueFoundry have built and launched their internal AI platforms in as little as two months, achieving ROI within four months–a stark contrast to the industry average of 14 months,” said Nikunj Bajaj, CEO & Co-founder of TrueFoundry. “Our platform integrates seamlessly across clouds, models, and frameworks, ensuring no vendor lock-in while future-proofing deployments for evolving AI patterns like RAGs and Agents.”

TrueFoundry’s unified platform as a service (PaaS) enables enterprise AI/ML teams to build, deploy, and manage large language model (LLM) applications on cloud or on-prem infrastructure with speed, scalability, and security. With a developer-first interface, it simplifies the AI deployment process, empowering full-stack data scientists to independently create, test, and scale applications. The platform integrates essential AI deployment functions—from model cataloging and fine-tuning to API deployment—into a single system, ensuring secure, efficient operations while bridging the gap between DevOps and MLOps.

This funding round follows a year of significant achievements for TrueFoundry, including:

• A 4X year-over-year growth in customer base
• Deploying 1,000+ clusters across clients for ML workloads
• Partnering with Fortune 500 companies and enterprises such as Siemens Healthineers, Resmed, Automation Anywhere, Games 24×7, and NVIDIA.

TrueFoundry has helped customers accelerate development cycles, achieve 10X faster business value, save on infrastructure costs, and scale with smaller teams. For example, TrueFoundry optimized NVIDIA’s GPU usage for LLM workloads by automating resource allocation and job scheduling, reducing idle time, cutting costs, and improving efficiency. The platform’s real-time monitoring and adaptive scaling ensured reliable AI model training and deployment, while seamless integration sped up iteration and time-to-value.

“TrueFoundry is uniquely positioned to address the growing complexities of AI deployment. Their platform simplifies the process for AI teams, enabling them to build, deploy, and scale applications with speed and efficiency,” said Avi Bharadwaj, Investment Director at Intel Capital. “With a focus on cost-efficiency, governance, and security, TrueFoundry is solving critical challenges for businesses, and we believe they are poised to lead in the rapidly expanding AI infrastructure market.”

The Series A funding–which brings the company’s total financing to $21 million–will allow TrueFoundry to accelerate its mission toward building a universal platform to build and deploy AI applications with zero infrastructure hassles. It fuels growth in key areas, including team expansion and go-to-market efforts to drive customer acquisition and expansion.

“At TrueFoundry, we’re building a future where AI manages AI–removing the bottlenecks of human intervention and unlocking unparalleled speed and scale,” said Abhishek Choudhary, CTO & Co-founder of TrueFoundry. “Our platform streamlines infrastructure with auto-scaling, intelligent maintenance, and proactive issue detection to ensure smooth operations. By centralizing model access, cost tracking, and maintaining zero data leakage, we ensure security and compliance, empowering businesses to deploy AI seamlessly and efficiently at scale.”

Looking ahead, TrueFoundry aims to redefine AI deployment with its AI Agent—a proactive, self-sustaining system that anticipates and adapts. By automating workflows, optimizing resources, and resolving potential issues before they arise, the AI Agent ensures enterprises can deploy smarter, scale faster, and achieve AI-driven results with unprecedented efficiency.

About TrueFoundry

TrueFoundry is an enterprise platform as a service that empowers enterprise AI/ML teams to build, deploy, and manage large language model applications at scale with speed, cost-efficiency, and robust governance. Designed for full-stack data scientists, it simplifies the end-to-end AI deployment process, offering features like auto-scaling, proactive maintenance, and centralized access controls. TrueFoundry’s vision is to create a self-sustaining AI ecosystem where AI manages AI, driving unparalleled speed, scale, and innovation for businesses. To learn more about TrueFoundry, visit www.truefoundry.com.

Contacts

Anuraag Gutgutia
Cofounder, TrueFoundry
anuraag@truefoundry.com

(c)2025 Business Wire, Inc., All rights reserved.