Intel Capital fuels TrueFoundry's $19M funding to help boost AI deployments at scale | TechCrunch
Briefly

TrueFoundry has raised $19 million, led by Intel Capital, to enhance its platform that simplifies AI deployment for enterprises. Following the rise of GenAI and its reliance on large language models, businesses are increasingly seeking effective solutions to harness AI without the need for significant GPU resources. TrueFoundry's software, delivered as a platform-as-a-service, assists full-stack data scientists with features such as auto-scaling and real-time monitoring, facilitating easier model experimentation and deployment. The company's autopilot system specifically aids in scaling AI applications by optimizing GPU and memory usage based on current performance metrics.
TrueFoundry's platform empowers data scientists to build and test complex AI systems independently, bridging the gap between model development and deployment.
The emergence of GenAI has accelerated enterprises' need to implement AI, driving demand for optimized computing resources, particularly GPU access.
TrueFoundry's autopilot system enhances AI application scaling by automatically managing GPU usage and adjusting memory needs based on real-time metrics.
With $19 million raised, TrueFoundry aims to streamline AI deployment processes to make them accessible for enterprises lacking extensive computational resources.
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