TrueFoundry, an AI deployment and scaling platform, has raised $19 million in a Series A funding round 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 Series A funding round brings the company’s total financing to $21 million. TrueFoundry had previously raised $2.3 million in its seed round, led by Peak XV’s Surge, in September 2022.
The funds raised will be used to accelerate its mission toward building a universal platform to build and deploy AI applications with zero infrastructure hassles. The funds will be also used for team expansion and go-to-market efforts to drive customer acquisition and expansion.
“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,” said 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,” said 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,” said Abhishek Choudhary, CTO & Co-founder of TrueFoundry.
Founded in 2021 by Nikunj Bajaj, Anuraag Gutgutia and Abhishek Choudhary, TrueFoundry is a unified enterprise platform as a service (PaaS) that empowers enterprise AI/ML teams to build, deploy, and manage large language model (LLM) applications at scale with speed, scalability, security, 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 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.
