TrueFoundry Raises $19M Series A Funding

TrueFoundry, a San Francisco, CA-based provider of an AI deployment and scaling platform, raised $19M in Series A Funding.

The round was 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 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 company intends to use the funds to accelerate its development efforts and growth in key areas, including team expansion and go-to-market efforts to drive customer acquisition and expansion.

Led by CEO Nikunj Bajaj, TrueFoundry provides a unified platform as a service (PaaS) that enables enterprise AI/ML teams to build, deploy, and manage large language model (LLM) applications on cloud or on-prem infrastructure with speed, scalability, and security. With a developer-first interface, it empowers the AI deployment process, improving full-stack data scientists 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.

FinSMEs

06/02/2025