Overview
Foundry provides a self-serve cloud platform for machine learning research and infrastructure teams to access NVIDIA GPUs on demand. Users can spin up short-term GPU instances for model development and experimentation, designed for burst compute so resources can scale quickly as needed. Pricing is market-based and updated weekly, allowing teams to access GPU power at competitive rates. Compared to traditional fixed-asset or long-term cloud contracts, Foundry emphasizes flexible, on-demand GPU capacity and real-time pricing to support demanding ML infrastructure needs. The goal is to give ML teams fast, scalable, and cost-conscious access to GPU compute for development and experimentation.
About Foundry
Industries
Data & Analytics
Hardware
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$80M
Headquarters
Palo Alto, California
Founded
2022
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Simplify's Take
What believers are saying
- Nebius partnership expanded regions and reserved capacity for experimentation, training, and production inference.
- Foundry's hiring in 2026 included SRE, product, and first sales-engineer roles, signaling growth.
- 550% preview growth reported in August 2025 suggests real demand for burst AI compute.
What critics are saying
- Mithril's August 2025 rebrand from Foundry confuses employers, customers, and market awareness.
- Nebius supply remains external; any pricing or capacity squeeze instantly hits Mithril's margins.
- AWS, Azure AI Foundry, and CoreWeave compress differentiation, risking commoditization by 2026.
What makes Foundry unique
- Foundry, now Mithril, offers self-serve burst GPU cloud across Nvidia H100, H200, Blackwell.
- Nebius integration added eu-north1, eu-central1, eu-west1 access through the Foundry Console in July 2025.
- Seed and Series A backing from Sequoia, Lightspeed, and M12 signaled elite investor validation.
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Funding
Total Funding
$80M
Above
Industry Average
Funded Over
2 Rounds
Lightspeed Venture PartnersIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↑ 0%2 year growth
↑ 0%In addition to new compute types, Mlfoundry is working on additional technical integrations with Nebius to make it even easier for Foundry customers to provision exactly the compute they need.
Today, 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 capaci
There are no jobs for Foundry right now.
Find jobs on Simplify and start your career today
About Foundry
Industries
Data & Analytics
Hardware
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$80M
Headquarters
Palo Alto, California
Founded
2022
There are no jobs for Foundry right now.
Find jobs on Simplify and start your career today