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Machine learning (ML) developer platform TrueFoundry has raised $2.3 million in seed funding led by Sequoia India and Surge in Southeast Asia. The round also saw investor participation, including high-profile angels such as Eniac Ventures and AngelList co-founder Naval Ravikant. The raised funds will be used to expand the professional technical team and further product development.
“TrueFoundry was born out of the idea that no business — big or small — should miss out on the opportunity for machine learning. With our automation platform, data scientists and engineers can deploy machine learning models with the speed and maturity of Big Tech, transforming their Production time has been reduced from weeks to hours. Data is the new oil, and we want to enable companies to use machine learning faster and generate greater business value. Our investors and team believe that TrueFoundry is co-founding for TrueFoundry Person and CEO Nikunj Bajaj said:
TrueFoundry is designed to automate repetitive tasks in ML pipelines, such as infrastructure and deployment, so that data scientists and ML engineers can focus on higher-value, more creative tasks. According to a company statement, this enables businesses to continuously upgrade existing models and release new ones to gain a competitive advantage.
Founded in June 2021 by Abhishek Choudhary, Anuraag Gutgutia, and Nikunj Bajaj, TrueFoundry is platform-agnostic and easily integrates with your existing stack for seamless implementation. It automates repetitive tasks in ML pipelines to accelerate ML deployment and real-time endpoint monitoring.