The Southeast Asian startup Surge and the US-based Sequoia India led $2.3 million in seed funding for TrueFoundry, a machine learning platform.
Naval Ravikant, a co-founder of Angel List, and Eniac Ventures also took part in the fundraising round. The firms said that the funds would be used for both product development and the hire of top IT expertise.
Abhishek Choudhary, Nikunj Bajaj, and angel investor Anuraag Gutgutia founded TrueFoundry in 2021 to give startups and small businesses the tools they need to deploy and analyse machine learning models at the same rate as large tech firms like Alphabet and Meta.
“With our automated platform, data scientists and engineers are able to deploy machine learning models at the speed and maturity of big tech, cutting their production timelines from several weeks to a few hours, Data is the new oil, and we want to enable companies to use machine learning faster and generate greater business value”, Nikunj Bajaj said.
According to TrueFoundry, its tools can be readily connected with servers like Amazon Web Services (AWS), Google Cloud, Tensorflow, and Kubernetes and are platform-independent.