# Foundry Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foundry-technologies

- Industry: IT Infrastructure
- Headquarters: Palo Alto, US
- Website: www.mlfoundry.com
- Total disclosed funding: $155M
- Latest round: Series A (Mar 21, 2024)
- Investors on record: 6

## About

Founded in 2022 and based in California, US, Foundry Technologies, Inc. operates as a technology company that offers infrastructure-as-a-service for the development of artificial intelligence and machine learning projects. The platform offers a new breed of public cloud services focused on AI compute orchestration. In March 2024, Foundry Technologies, Inc. raised Series A funding co-led by investor Sequoia Capital and new investor Lightspeed Venture Partners, with participation from other investors RedPoint Capital, M12, Conviction, and New Enterprise Associates. 

The company offers a platform for orchestrating AI compute resources, making them easier to access. They provide AI-based server rental services aimed at assisting clients in deploying AI software in their operations. Foundry's goal is to make global compute capacity accessible, specifically addressing the requirements of machine learning tasks. Their platform prioritizes characteristics like availability, scalability, cost-effectiveness, and security to accommodate users handling training processes, serving customers, or engaging in research.

## Funding rounds

- Series A, Mar 21, 2024, $75M — Lightspeed Venture Partners, New Enterprise Associates, Hong Shan, M12, RedPoint Capital, Conviction
- Seed, Sep 1, 2022, $80M — Hong Shan

## Investors

- Hong Shan — Seed, Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A
- M12 (https://capitalatlas.ai/funds/m12) — Series A
- RedPoint Capital (https://capitalatlas.ai/funds/redpoint-capital) — Series A
- Conviction (https://capitalatlas.ai/funds/conviction) — Series A