Intel Capital fuels TrueFoundry’s $19M funding to help boost AI deployments at scale

Quick Summary:

Cloud vendors have started offering their own software to ease the building and deployment of AI models, such as Amazon’s Sagemaker and Google Cloud’s Vertex.

With the fresh funding, TrueFoundry has raised over $21 million in total, including the $2.3 million in its seed round in September 2022 led by Peak XV’s (then Sequoia India) Surge.

Nonetheless, Gutgutia told TechCrunch that TrueFoundry’s solution is still pertinent as it helps “accelerate the usage of compute” for cloud providers, speed up the time-to-market for AI apps and reduce their overall costs.

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Article Details

Author / Journalist: Jagmeet Singh

Category: Technology

Markets: United StatesIndia

Topics: Exclusive Enterprise Startups AI Intel Capital Peak XV Partners TrueFoundry Intel

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 14:00:00 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 779 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 25929148

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