TrueFoundry, a San Francisco, CA-based AI deployment and scaling platform, has raised $19 million in Series A funding.
Investors
The round was led by Intel Capital, with participation from existing investors Eniac Ventures and Peak XV’s Surge, as well as new investor Jump Capital and several angel investors, including Gokul Rajaram, Mohit Aron, and executives from Fortune 1000 companies, joined the round, bringing TrueFoundry’s total funding to $21 million.
Founded in 1991, Intel Capital is a corporate venture capital arm of Intel, based in Santa Clara, California. The firm invests in technology startups and companies in the cloud, silicon, devices, and frontier sectors.
In conjunction with the financing, Avi Bharadwaj, Investment Director at Intel Capital, will join TrueFoundry’s board of directors.
TrueFoundry Use of Funds
The company will use the funding to expand its team, enhance product capabilities, and accelerate go-to-market efforts.
About TrueFoundry
TrueFoundry provides an enterprise platform-as-a-service that empowers AI/ML teams to build, deploy, and manage large language model applications on cloud or on-prem infrastructure with speed, scalability, and security. Designed for full-stack data scientists, it simplifies the end-to-end AI deployment process, offering features like auto-scaling, proactive maintenance, and centralized access controls.
Funding Details
Company: Ensemble Labs, Inc.
Raised: $19.0M
Round: Series A
Funding Date: February 2025
Lead Investor: Intel Capital
Additional Investors: Eniac Ventures, Peak XV’s Surge, Jump Capital, Gokul Rajaram, Mohit Aron, Fortune 1000 executives
Company Website: https://www.truefoundry.com/
Software Category: Enterprise AI
Source: https://www.businesswire.com/news/home/20250206649881/en/