Foundry, a new breed of public cloud for AI/ML workloads, announced $80M in seed and Series A funding to orchestrate the world’s compute capacity, rendering it universally accessible and useful.
The round was co-led by Sequoia Capital and Lightspeed Venture Partners, with participation from Redpoint, Microsoft Ventures (M12), Conviction, NEA, and other leading technical and commercial minds from the industry.
Foundry is building to ensure humanity maximizes the utility of the computing power we already have, and will produce. Foundry provides scalable GPU instances with unmatched price-performance ratios. Early adopters range from large enterprises such as KKR and LG to prestigious academic institutions like Stanford and MIT, to prominent AI startups through cluster partnerships with Lightspeed and Pear VC.
This funding will allow Foundry to expand its operations, improve its product offerings, and establish more strategic partnerships. The company aims to create the ultimate AI/ML infrastructure platform that maximizes the use of compute, a critical and impactful resource, for the benefit of society.
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