Foundry, a Palo Alto, CA-based provider of a public cloud for AI/ML workloads, raised $80M in Seed and Series A funding.
The round was led by Sequoia Capital and Lightspeed Venture Partners.
The company intends to use the funds to expand its operations, improve its product offerings, and establish more strategic partnerships.
Led by CEO Jared Quincy Davis, Foundry is a public cloud engineered to cater to the demands of machine learning workloads. Foundry tackles the core economic and technical challenges in AI and deep learning by providing scalable GPU instances with convenient price-performance ratios. Early adopters range from large enterprises such as KKR and LG to academic institutions like Stanford and MIT, to AI startups through cluster partnerships with Lightspeed and Pear VC.
FinSMEs
21/03/2024