TrueFoundry, a top AI deployment and scaling platform, has secured $19 million in Series A Funding led by Intel Capital. The funding round also saw participation from existing investors Eniac Ventures, Peak XV’s Surge (formerly Sequoia Capital India & SEA), and new investor Jump Capital. Notable angel investors contributed, including Gokul Rajaram, Mohit Aron, Cyan Banister, and executives from Fortune 1000 companies.
With this latest investment, TrueFoundry’s total funding reaches $21 million. The capital will accelerate its mission of building a universal AI development and AI deployment platform that eliminates infrastructure complexities. The funds will drive team expansion, go-to-market strategies, and customer growth efforts. Additionally, Avi Bharadwaj, Investment Director at Intel Capital, will join TrueFoundry’s board of directors.
“Enterprises using TrueFoundry have built and launched their internal AI platforms in as little as two months, achieving return on investment within four months—a stark contrast to the industry average of 14 months,” said Nikunj Bajaj, chief executive officer and co-founder of TrueFoundry.
TrueFoundry, based in India, offers a cloud-native platform designed to simplify machine learning (ML) training and deployment, enabling enterprises to manage their AI applications efficiently. By collaborating with industry leaders like Games 24×7 and Whatfix, TrueFoundry enhances ML scalability while optimizing infrastructure resources. Its platform facilitates fast model deployment—often within minutes—significantly reducing the time and effort typically required for AI implementation.
“TrueFoundry is uniquely positioned to address the growing complexities of AI deployment,” said Intel Capital’s investment director Avi Bharadwaj. “Their platform simplifies the process for AI teams, enabling them to build, deploy, and scale applications with speed and efficiency.”
TrueFoundry has enabled its customers to speed up development cycles, deliver business value 10 times faster, reduce infrastructure costs, and scale efficiently with leaner teams. For instance, the platform optimized NVIDIA’s GPU utilization for large language model (LLM) workloads by automating resource allocation and job scheduling, minimizing idle time, lowering costs, and enhancing overall efficiency.
“At TrueFoundry, we’re building a future where AI manages AI—removing the bottlenecks of human intervention and unlocking unparalleled speed and scale,” said Abhishek Choudhary, chief technology officer and co-founder of TrueFoundry.
TrueFoundry’s unified Platform-as-a-Service (PaaS) empowers enterprise AI and ML teams to develop, deploy, and manage LLM applications across cloud and on-premises infrastructure with speed, scalability, and security. The platform is designed with a developer-first interface and streamlines AI deployment, enabling full-stack data scientists to independently build, test, and scale applications without dependencies.
The company has experienced 4x year-on-year growth in its customer base and has successfully deployed over 1,000 ML clusters across its clients. TrueFoundry collaborates with Fortune 500 companies and major enterprises, including Siemens Healthineers, ResMed, Automation Anywhere, Games 24×7, and NVIDIA.
Looking ahead, TrueFoundry aims to revolutionize AI deployment with its AI Agent—a proactive, self-sustaining system designed to anticipate challenges and adapt dynamically.
