Tech Company Financing Transactions

TrueFoundry Funding Round

TrueFoundry closed a $2.3 million funding round on 9/20/2022. Investors included Sequoia India, Eniac Ventures and private investors.

Transaction Overview

Company Name
TrueFoundry
Announced On
9/20/2022
Transaction Type
Venture Equity
Amount
$2,300,000
Round
Undisclosed
Investors

Sequoia India (Lead Investor)

Eniac Ventures

private investors (Anthony Goldbloom)

private investors (Dilip Khandelwal)

private investors (Maneesh Sharma)

private investors (Mike Boufford)

private investors (Naval Ravikant)

Proceeds Purpose
The startup, which plans to deploy 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 for its beta release.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
355 Bryant St. 403
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
www.truefoundry.com
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
TrueFoundry LinkedIn Company Profile
Social Media
TrueFoundry Company Twitter Account
Company News
TrueFoundry News
Facebook
TrueFoundry on Facebook
YouTube
TrueFoundry on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Nikunj Bajaj
  Nikunj Bajaj LinkedIn Profile  Nikunj Bajaj Twitter Account  Nikunj Bajaj News  Nikunj Bajaj on Facebook
Co-Founder
Abhishek Choudhary
  Abhishek Choudhary LinkedIn Profile  Abhishek Choudhary Twitter Account  Abhishek Choudhary News  Abhishek Choudhary on Facebook
Co-Founder
Anuraag Gutgutia
  Anuraag Gutgutia LinkedIn Profile  Anuraag Gutgutia Twitter Account  Anuraag Gutgutia News  Anuraag Gutgutia on Facebook

 

 

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