- Foundry, launched by former scientists at Google DeepMind, aims to make computing resources for AI training easier.
- Sequoia Capital and Lightspeed Venture Partners have become key supporters.
Former DeepMind scientists launch foundry
Former Google DeepMind scientists have unveiled Foundry, a cutting-edge cloud platform designed to democratize access to computing resources for AI training. The initiative has successfully secured a substantial $80 million in seed and series A funding, highlighting investor confidence in the venture’s potential.
Strategic investment led by sequoia capital and Lightspeed venture partners
Sequoia Capital and Lightspeed Venture Partners have emerged as key backers, co-leading the investment in Foundry. This significant financial support underscores the industry’s recognition of the platform’s importance and its potential to reshape the landscape of AI infrastructure.
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Expansion plans and hardware acquisition
Foundry intends to utilize the newly acquired funds to bolster its product offerings and forge strategic partnerships, aiming to enhance its presence and capabilities within the AI ecosystem. Based in Palo Alto, California, the company has already secured advanced hardware, including Nvidia’s H100 and A100s, enabling users to efficiently train and deploy AI models. Moreover, Foundry’s emphasis on flexibility, allowing users to adjust their hardware requirements dynamically, reflects its commitment to simplifying access to AI compute resources.
