By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: Meta alumni’s startup TrueFoundry raises $2.3 million to accelerate ML deployments
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > General > Meta alumni’s startup TrueFoundry raises $2.3 million to accelerate ML deployments
General

Meta alumni’s startup TrueFoundry raises $2.3 million to accelerate ML deployments

admin Published September 20, 2022
Last updated: 2022/09/20 at 7:05 AM
Share
SHARE

[ad_1]

A group of former Meta engineers is building a platform to help enterprises deploy machine learning models at the speed of big tech companies. Their startup, TrueFoundry, has raised $2.3 million in a funding round.

The San Francisco, California-headquartered startup automates repetitive tasks in the machine learning pipeline to allow data scientists and engineers to focus on higher-value, more creative tasks. Built on Kubernetes, the custom platform works as a cloud-agnostic solution that can be deployed on Amazon Web Services (AWS), Google Cloud and TensorFlow.

TrueFoundry says it helps machine learning teams get 10x faster results and cuts their production timelines from “several weeks to a few hours.” This is helpful specifically for businesses that do not have large machine learning teams.

Unlike the traditional way that requires a large time duration, TrueFoundry says machine learning developers using its platform can put their models into production as hosted endpoints along with auto-scaling in less than five minutes and monitor results from the very beginning.

Nikunj Bajaj, co-founder and CEO of TrueFoundry, said in an interview with TechCrunch that some key learnings from Meta have helped the startup solve machine learning deployment problems. Bajaj worked as an ML Tech Lead at Meta and San Mateo-based software development company Reflektion after completing his master’s degree in Computer Science from the University of California, Berkeley.

He founded TrueFoundry in June 2021, along with his IIT Kharagpur batchmates Anuraag Gutgutia and Abhishek Choudhary. Choudhary, who serves as CTO at TrueFoundry, also worked at Meta as a software engineer and helped the social networking giant develop products including mobile apps and live video.

TrueFoundry considers Amazon, Google and Microsoft Azure as some of its key competitors as they also have their native machine learning platforms. Gutgutia, however, believes that the big cloud players are not very developer friendly.

“Our goal from day zero is to provide a supreme developer experience. The curve of learning to get started on our system is not more than one hour,” he said.

TrueFoundry is serving customers with small data scientist teams and operating in sectors such as fintech, e-commerce, financial services, healthcare and retail, among others.

Before venturing TrueFoundry, Bajaj and Gutgutia co-founded an AI-based recruitment platform EntHire, which was acquired by Info Edge last year.

TrueFoundry, whose current headcount is 16 and mostly situated in India, said Tuesday it has raised $2.3 million in a round led by Sequoia India’s Surge. Others participating in the funding included Eniac Ventures and angels such as AngelList co-founder Naval Ravikant, Deutsche Bank Global CIO Dilip Khandelwal, GitHub India head Maneesh Sharma, Greenhouse Software CTO Mike Boufford and Kaggle founder Anthony Goldbloom.

The startup, which plans to deploy the fresh funds to broaden its platform and hire more individuals, recently opened early access to its platform and is working with companies as early customers for its beta release. It aims to do a public launch over the next one or two months, Gutgutia said.

It’s also looking to onboard advisors who can help promote the platform and expand its reach.

[ad_2]

You Might Also Like

Revyze is building the TikTok of educational videos

YouTube ends the test asking users to get a premium subscription to watch 4K videos

Who is going to buy Cadillac’s $300,000 hand-built EV?

Don’t let today’s software rally improve your mood

Daily Crunch: Kanye West reaches agreement to acquire social media platform Parler

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin September 20, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Zopper raises $75 million to solve India’s insurance problem
Next Article TA: Bitcoin Price Attempts Recovery, Why 100 SMA Is The Key

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

Revyze is building the TikTok of educational videos

6 Min Read

YouTube ends the test asking users to get a premium subscription to watch 4K videos

2 Min Read

Who is going to buy Cadillac’s $300,000 hand-built EV?

4 Min Read

Don’t let today’s software rally improve your mood

1 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?