TLDR:
- Foundry, a provider of a public cloud for AI/ML workloads, has raised $80M in Seed and Series A funding.
- The funding round was led by Sequoia Capital and Lightspeed Venture Partners.
Foundry, based in Palo Alto, CA, is led by CEO Jared Quincy Davis. The company aims to address the challenges in AI and deep learning by providing scalable GPU instances with cost-effective price-performance ratios. This has attracted interest from a variety of customers, including large enterprises, academic institutions, and AI startups.
The funding will be used to expand operations, enhance product offerings, and establish more strategic partnerships. This investment is a significant step towards solidifying Foundry’s position in the AI/ML market and driving further innovation in the field.
