Foundry Raises $80M for AI/ML-Specific Cloud Computing, Expanding Operations and Enhancing AI Infrastructure
Foundry emerges as a key player in the cloud computing domain, specifically tailored for AI and ML workloads.
Company Name: Foundry
Location: Palo Alto, CA
Sector: Cloud Computing for AI/ML
Funding Details: Raised $80M in Seed and Series A funding led by Sequoia Capital and Lightspeed Venture Partners.
Purpose of Investment: To fuel operational expansion, enhance product offerings, and forge more strategic partnerships.
Leadership: CEO Jared Quincy Davis
Product: Foundry provides a specialized public cloud platform designed to support AI and machine learning workloads efficiently. The platform addresses economic and technical hurdles in AI and deep learning projects by offering scalable GPU instances optimized for cost-effectiveness and performance.
About Company: Foundry emerges as a key player in the cloud computing domain, specifically tailored for AI and ML workloads. It has attracted attention from a wide range of users, from large corporations like KKR and LG to leading academic institutions and budding AI startups, through its strategic collaborations. Foundry’s commitment to solving the unique challenges of AI and deep learning workloads sets it apart, providing vital infrastructure that could accelerate advancements in the field.