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Intel Capital fuels TrueFoundry’s $19M funding to help boost AI deployments at scale
TrueFoundry, a startup offering enterprises a platform to deploy compound AI systems at scale, as raised $19 million in a Series A round led by Intel Capital.
Founded in June 2021 by former Meta engineers Nikunj Bajaj and Abhishek Choudhary along with their IIT Kharagpur batchmate Anuraag Gutgutia, TrueFoundry initially offered a cross-cloud native software to speed up machine learning deployments. TrueFoundry Co-Founders Abhishek Choudhary, Anuraag Gutgutia, and Nikunj Bajaj (Left to Right) Image Credits: TrueFoundryTrueFoundry currently has 30 paid customers worldwide alongside “a lot of” users accessing its open-source RAG framework for experimentation. The all-equity Series A round saw participation from Eniac Ventures, Peak XV Partners, and Jump Capital, as well as angel investors including Gokul Rajaram, Mohit Aron, and Cyan Bainster.
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