Tech Company Financing Transactions
Foundry Technologies Funding Round
On 3/21/2024, Foundry Technologies landed $80 million in Series A investment from Lightspeed Venture Partners, Sequoia Capital and Conviction VC.
Transaction Overview
Company Name
Announced On
3/21/2024
Transaction Type
Venture Equity
Amount
$80,000,000
Round
Series A
Investors
Lightspeed Venture Partners (Lead Investor) (Raviraj Jain)
Sequoia Capital (Lead Investor) (Shaun Maguire)
Proceeds Purpose
This funding will allow Foundry to expand its operations, improve its product offerings, and establish more strategic partnerships.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
555 Bryant Street 123
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Undisclosed
Website
Email Address
Overview
Founded by alumni from DeepMind's core Deep Learning Team and Stanford's CS PhD program (group led by Databricks co-founder Matei Zaharia), Foundry is a new breed of public cloud, meticulously engineered from the ground up to cater to the unique demands of machine learning workloads.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jared Davis
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Where The Data Comes From
We do our best to report on tech company VC transactions. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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