-0.6 C
London
Wednesday, February 8, 2023

TrueFoundry raises $2.3 million from Sequoia India’s Surge and others

Must read

Who is Jim Burrow’s wife? Or is he dating a girlfriend? His love life, kids and more

Jim Burrow is a former professional football player and the father of NFL quarterback for the Cincinnati Bengals Joe Burrow. Iowa-born six-foot-tall Joe...

LeBron James breaks NBA scoring record with his 38,388th point, surpassing Kareem Abdul-Jabbar

James started the game needing 36 points to break the record considered unbreakable by some pundits. The record only includes scoring during regular...

Google discontinues feature that places playable podcasts directly in search results • londonbusinessblog.com

Google has confirmed that it is ending a feature that allowed users to access playable podcasts directly from Google search results, in favor of...

Palm.hr Raises $5M, Begins MENA Growth • londonbusinessblog.com

A few years ago Richard Schrems worked as a human resources consultant in Riyadh and at one point he tried to implement a technical...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

  • The US-based machine learning developer platform will use the investment to expand its specialized technology team and product development.
  • The round saw the participation of Eniac Ventures and AngelList co-founder Naval Ravikant, among others.
  • The platform aims to automate repetitive tasks in the ML pipeline.

Machine learning developer platform TrueFoundry today raised $2.3 million in seed funding. The investment round was led by: Sequoia India and the Southeast Asia Surge Program.

Eniac Ventures and prominent angels such as AngelList co-founder Naval Ravikant were other participants in the round. Other angel investors include Deutsche Bank Global’s CIO Dilip Khandelwal; head of GitHub India Maneesh Sharma; Greenhouse Software’s CTO Mike Boufford and Kaggle founder Anthony Goldbloom.

TrueFoundry will use the investment to expand its specialized technology team and product development.

Discover the future of SaaS in India

The 6-part video series will capture the vision of Indian SaaS leaders and highlight the potential for the industry in the decades to come.Sep 29, 2022 Starts at 4:00 PM (35 min)register now
Our Speakers

Beerud Sheth
Tim Barens

“Data is the new oil and we want to enable companies to use machine learning faster and generate more business value. Our investors and team share the belief that TrueFoundry is paving the way for innovation that moves companies forward for the future, and their participation in our pre-launch funding is a great testament to that.” Nikunj Bajajco-founder and CEO of TrueFoundry.

The platform aims to automate repetitive tasks in the ML pipeline, such as infrastructure and deployments, so data scientists and ML engineers can focus on more valuable, creative tasks. This allows companies to continuously upgrade existing models and release new models to gain a competitive advantage.

TrueFoundry, headquartered in the US, was founded in June 2021 by Abhishek Choudhary, Anuraag Gutgutia and Nikunj Bajaj — all experienced software and ML engineers. They also built and scaled major engineering systems to drive product excellence at Facebook in their earlier period.

Machine learning offers huge opportunities for businesses, but developing and launching ML models is a time-consuming and complex process for software engineers, ML engineers, and data scientists.

“TrueFoundry was born from the idea that no company – big or small – should miss out on the opportunities of machine learning. Our automated platform enables data scientists and engineers to implement machine learning models with the speed and maturity of big tech, reducing their production timelines from a few weeks to a few hours,” added Bajaj.

From Amazon Web Services (AWS), Google Cloud and Tensorflow to Kubernetes, the TrueFoundry platform is agnostic and helps integrate with the existing stack for seamless deployment.

The startup claims ML developers with its platform will take less than five minutes to get models into production – as hosted endpoints along with autoscaling and monitoring dashboards are automatically available from the get-go.

ALSO SEE:
CBI files suit against Rana Kapoor – The rise and fall of the former co-founder and CEO of Yes Bank

All about super-Earths, their dwarf stars and how they are more habitable than our Earth

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Who is Jim Burrow’s wife? Or is he dating a girlfriend? His love life, kids and more

Jim Burrow is a former professional football player and the father of NFL quarterback for the Cincinnati Bengals Joe Burrow. Iowa-born six-foot-tall Joe...

LeBron James breaks NBA scoring record with his 38,388th point, surpassing Kareem Abdul-Jabbar

James started the game needing 36 points to break the record considered unbreakable by some pundits. The record only includes scoring during regular...

Google discontinues feature that places playable podcasts directly in search results • londonbusinessblog.com

Google has confirmed that it is ending a feature that allowed users to access playable podcasts directly from Google search results, in favor of...

Palm.hr Raises $5M, Begins MENA Growth • londonbusinessblog.com

A few years ago Richard Schrems worked as a human resources consultant in Riyadh and at one point he tried to implement a technical...

Sandy Mahl- Wiki, age, height, net worth, husband, ethnicity

Sandy Mahl is a composer, entrepreneur, and the vice president and co-founder of the Wild Heart Ranch in Rogers County, Oklahoma. Likewise, she...