TrueFoundry—a leading AI deployment and scaling platform—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 and SEA) participated, along with new investor Jump Capital and several angel investors, including Gokul Rajaram, Mohit Aron, and executives from Fortune 1000 companies. In connection with the financing, Avi Bharadwaj, Investment Director at Intel Capital, will join TrueFoundry’s board of directors.
The rapid increase in generative AI has made deploying machine learning models from development to production increasingly challenging. And enterprises often 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 addresses these pain points head-on, enabling companies to deploy, manage, and scale AI applications seamlessly, securely, and cost effectively.
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. And with a developer-first interface, it simplifies the AI deployment process, empowering full-stack data scientists to create, test, and scale applications independently.
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 like Siemens Healthineers, Resmed, Automation Anywhere, Games 24×7, and NVIDIA.
TrueFoundry 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. And 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.
The Series A funding round – which brings the company’s total financing to $21 million – will enable 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.
Going forward, TrueFoundry aims to transform how 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.
KEY QUOTES:
“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. 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.”
– Nikunj Bajaj, CEO & Co-founder of TrueFoundry
“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. 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.”
– Avi Bharadwaj, Investment Director at Intel Capital
“At TrueFoundry, we’re building a future where AI manages AI–removing the bottlenecks of human intervention and unlocking unparalleled speed and scale. 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.”
– Abhishek Choudhary, CTO & Co-founder of TrueFoundry
