Sequoia India leads $2.3 million round for machine learning startup TrueFoundry

Oluwajuwonlo Afolabi -

TrueFoundry, a US-based machine learning startup has raised $2.3 million in its seed round funding led by Sequoia India and Southeast Asia-based Surge.

  • The capital will be used to hire new tech talents and support its product development, the startup claims.
  • Founded in 2021, TrueFoundry offers tools for startups and small businesses to deploy and monitor machine learning models at the speed of big tech companies such as Meta and Alphabet.
  • The ML startup helps small businesses to reduce the time, money, and effort it costs to develop machine learning models by using its product which can be deployed in five minutes by machine learning developers, data scientists, and engineers in small businesses and startups. The solution is 10x faster, TrueFoundry claims.
  • Its product is usable in varying sectors and can be integrated with servers like Amazon Web Services (AWS), Google Cloud, Tensorflow, and Kubernetes. Nikunj Bajaj, TrueFoundry's co-founder, says as data is the new oil, the startup wants companies to use machine learning faster and generate greater business value using data.
  • Dilip Khandelwal (Deutsche Bank Global CIO), Maneesh Sharma (Head of GitHub), Mike Boufford (Greenhouse Software CTO), and Anthony Goldbloom (Kaggle Founder) participated in the funding round as angel investors.