Machine Learning (ML) developer TrueFoundry has raised USD 2.3 million in a seed funding round led by Sequoia India and Southeast Asia’s Surge. Other investors in the funding round included Eniac Ventures and angel investor Naval Ravikant.

TrueFoundry will likely use the funding to expand its technology team and develop the product. TrueFoundry’s co-founder and chief executive officer (CEO) Nikunj Bajaj said that the company was born out of the idea that no business should miss out on machine learning opportunities.

He further said that data scientists and engineers could deploy machine learning models at the maturity and speed of big tech, reducing their production timelines from several weeks to a few hours.

Founded in 2021, TrueFoundry is a developer platform that enables startups to deploy and monitor machine learning models at the speed of big tech companies. Headquartered in the US, TrueFoundry has Amazon Web Services (AWS), Google Cloud and Tensorflow as clients and claims to enable ML teams to be ten times faster. Other angel investors in the company include Deutsche Bank Global CIO Dilip Khandelwal, Greenhouse Software CTO Mike Boufford, Head of GitHub India Maneesh Sharma, and Kaggle founder Anthony Goldbloom.