PALTO ALTO — Building the Future of Compute Access Foundry, a groundbreaking initiative aimed at reimagining global compute infrastructure, has announced $80 million in Seed and Series A funding. This funding will drive the development of a revolutionary platform designed to maximize the utility and accessibility of AI compute resources, addressing critical challenges in the rapidly growing AI and ML sectors.

The Compute Revolution The increasing reliance on advanced AI models like ChatGPT and large language models has propelled demand for high-performance GPUs and compute power. As compute becomes the cornerstone of technological progress, its efficient utilization is more critical than ever. Foundry’s mission is to ensure that compute capacity—an essential resource for innovation—is accessible, cost-effective, and scalable.

Solving Under-Utilization and Complexity Recognizing inefficiencies caused by under-utilization and the complexity of existing compute infrastructure, Foundry launched in late 2022 to address these challenges. By optimizing hardware and software integration, Foundry has developed an innovative orchestration platform that simplifies access to compute resources. This approach enables users to scale AI workloads seamlessly while reducing costs, ensuring that progress in AI isn’t hindered by infrastructure limitations.

Partnerships and Backing Foundry’s funding round was supported by an array of prominent investors and industry leaders, including Sequoia Capital, Lightspeed Venture Partners, Microsoft Ventures, and renowned figures like Jeff Dean (Google), Eric Schmidt (former Google CEO), and Nobel laureate Paul Milgrom. Their collective backing underscores the transformative potential of Foundry’s vision.

Making Compute as Accessible as Light Inspired by the simplicity of a light switch, Foundry aims to abstract the complexities of AI compute infrastructure. The platform offers solutions for scalability, availability, and elasticity, delivering optimal price-performance for diverse workloads. With a focus on security and user-centric design, Foundry ensures that companies and researchers can focus on innovation without being bogged down by technical hurdles.

Driving Industry Impact Already working with early adopters, including leading enterprises like KKR and LG, Foundry has demonstrated its ability to deliver compute power at significantly reduced costs. By providing GPU instances tailored for AI/ML workloads, the platform has become a critical resource for organizations ranging from Fortune 1000 companies to cutting-edge startups and academic institutions.

Looking Forward With the new funding, Foundry plans to expand its operations, enhance product offerings, and foster strategic collaborations. Its ultimate goal is to establish a definitive platform for AI/ML infrastructure, empowering researchers and businesses to harness the full potential of compute resources.

Founded in 2022, Foundry is reshaping AI compute infrastructure to maximize efficiency and accessibility. Leveraging expertise from top institutions and companies like DeepMind, OpenAI, and Microsoft, Foundry is creating a next-generation platform that addresses the core challenges of modern AI and ML workloads.