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Venture Capital News: Foundry Raises $80 Million in Seed and Series A

2024-03-22
PALO ALTO, CA, Foundry, a new breed of public cloud for AI/ML workloads, announced $80M in seed and Series A funding.
Foundry, a new breed of public cloud for AI/ML workloads, announced $80M in seed and Series A funding to orchestrate the world's compute capacity, rendering it universally accessible and useful. The round was 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. Foundry is building to ensure humanity maximizes the utility of the computing power we already have, and will produce.
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