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INDUSTRY FIRST

Foundry raised $80M in seed and Series A funding co-led by Sequoia Capital and Lightspeed Venture Partners to build a new breed of public cloud for AI/ML workloads.

Mar 21, 2024•over 1 year ago

Amount Raised

$80 Million

Round Type

series a

Palo AltoInformation Technology

Investors

NeaConvictionMicrosoft Ventures (M12)RedpointLightspeed Venture PartnersSequoia Capital

Description

Foundry announced $80 million in seed and Series A funding co-led by Sequoia Capital and Lightspeed Venture Partners, with participation from Redpoint, Microsoft Ventures (M12), Conviction, NEA, and other leading technical and commercial minds from the industry. The funding will be used to expand its operations, improve product offerings, and establish more strategic partnerships.

Company Information

Company

Foundry

Location

Palo Alto, California, United States

About

A new breed of public cloud, backed by an orchestration platform that makes accessing AI compute as easy as turning on the light.

FundzWatch™ Score

75
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech