Foundry raises $80M to simplify access to AI cloud services

  • 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.

Also read: AI for corner kicks: Google Deepmind teams with Liverpool FC

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.


Fei Wang

Fei Wang, a reporter at BTW media dedicated in Internet Governance and IT infrastructure. She is studying bilingual broadcasting and hosting at Communication University of Zhejiang. Send tips to

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