Tech Company Financing Transactions
TrueFoundry Funding Round
TrueFoundry, based in San Francisco, raised $19 million in funding from Intel Capital, Eniac Ventures and private investors.
Transaction Overview
Company Name
Announced On
2/6/2025
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series A
Investors
Intel Capital (Lead Investor) (Avi Bharadwaj)
private investors (Gokul Rajaram)
private investors (Mohit Aron)
Proceeds Purpose
The company intends to use the funds to accelerate its development efforts and growth in key areas, including team expansion and go-to-market efforts to drive customer acquisition and expansion.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
355 Bryant St. 403
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
We live in a Data Driven world. Companies are investing huge amounts in Data Pipelines (growing at 40% year on year on average) but unable to reap Business value from it. The stats speak for themselves - 90% of ML Models built today don't end up in Production! For the ones that do, it takes a median of 5 weeks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nikunj Bajaj
Co-Founder
Abhishek Choudhary
Co-Founder
Anuraag Gutgutia
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We do our best to report on every notable VC transaction. All VC database entries reported here come from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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