A group of former Meta engineers are building a platform to help enterprises with machine learning. TrueFoundry has raised over two million dollars in a funding round.
Data scientists and engineers can focus on higher value, more creative tasks with the help of the San Francisco-headquartered startup. The custom platform is a cloud-agnostic solution that can be deployed on several cloud services.
Machine learning teams can get 10x faster results and their production times can be cut in half. It's helpful for businesses that don't have big machine learning teams.
Machine learning developers using TrueFoundry's platform can put their models into production as hosted endpoints and have their results monitored in less than five minutes.
Some key learnings from Meta have helped TrueFoundry solve machine learning deployment problems, according to the company's co- founder and CEO. After finishing his master's degree in Computer Science from the University of California, Berkeley, Bajaj worked at Meta and San Mateo-based software development company Reflektion.
In June of 2021, he founded TrueFoundry with two of his classmates. At Meta, where he worked as a software engineer, he was involved in the development of live video and mobile apps.
TrueFoundry considers Amazon, Microsoft and others to be its main competitors as they have native machine learning platforms. Gutgutia thinks that the big cloud players are not friendly to developers.
We want to provide a supreme developer experience from the beginning. He said that the curve of learning to get started is not more than an hour.
TrueFoundry serves customers with small data scientist teams and operates in sectors such as healthcare and retail.
The co-founding of the recruitment platform ENTHire was done by Bajaj, Choudhary and Gutgutia.
TrueFoundry, which has 16 employees and is mostly located in India, said Tuesday that it has raised $2.3 million. Other participants in the funding included Eniac Venture and angels such as Naval Ravikant.
The startup, which plans to use 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. Gutgutia said it wants to do a public launch over the next couple of months.
Advisers who can help promote the platform are also being sought.
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