A seed round led by Sequoia India and Southeast Asia’s Surge, the VC firm’s quick scale-up program, secured US $2.3 million for the machine learning company TrueFoundry, which has its headquarters in the US.
Along with many other angel investors, Eniac Ventures also invested in the round.
Abhishek Choudhary, Anuraag Gutgutia, and Nikunj Bajaj established TrueFoundry in June 2021 to give startups the ability to apply machine learning models as quickly as major tech firms. These technologies speed up deployment by automating the tedious steps in the machine learning process.
“TrueFoundry was born out of the idea that no business – big or small – should miss out on the opportunities of machine learning,” said Bajaj, who also serves as the company’s CEO.
He and Choudhary were both software and machine learning developers at Facebook. The three co-founders previously founded the AI-based hiring platform EntHire in addition to Gutgutia.
A current list of the 15 firms that make up Surge’s seventh batch includes TrueFoundry.
