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Foundry, a cloud computing service provider focused on AI workloads, emerged from stealth with $80M in funding. Led by former Google DeepMind and Meta veterans, the company has a $350 million valuation. Notable investors include Neo and Sequoia. Foundry aims to maximize computing power for AI model training, addressing GPU utilization bottlenecks. The company's innovative approach has garnered significant support and interest in the AI industry.
Foundry's Unveiling: $80M Injection for Tailored AI Cloud Solutions #acceleratorcompute #AI #AIstartup #artificialintelligence #CloudServices #Conviction #Foundry #Funding #industrybottlenecks #Investment #JaredQuincyDavis #LightspeedVenturePartners https://t.co/DAx4BTFogp https://t.co/nU99ZqDzmA
Foundry Emerges From Stealth With $80M For Purpose-Built AI Cloud The round was co-led by @sequoia @lightspeedvp @Redpoint @M12vc @w_conviction @NEA and others. @jaredq_ @mlfoundry https://t.co/HQAfvpx5O8 via @crunchbasenews
Huge congrats to @mlfoundry and @jaredq_! You are partnering with one of the most brilliant investors of our time @shaunmmaguire and @sequoia! Can’t wait to experience your products and looking forward to seeing your impact on the world of AI! https://t.co/dZngufN2xl