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.

Significant Headcount Growth

Simplify's Take

What believers are saying

• $80M seed and Series A funding fuels global compute capacity orchestration.
• Nebius integration expands beyond NVIDIA GPUs for diverse ML workloads.
• Open-source fine-tuning demand aligns with flexible short-term GPU access.

What critics are saying

• Nebius direct Mlfoundry integration bypasses Foundry in 3-6 months.
• CoreWeave captures 40% AI GPU contracts with lower latency in 6-12 months.
• Lambda Labs spot pricing undercuts Foundry by 25% in 6-9 months.

What makes Foundry unique

• Foundry enables resellable reserved GPU instances for as short as three hours.
• Market-based pricing updates weekly for competitive burst compute access.
• Kubernetes orchestration supports programmatic scaling without manual scheduling.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$80M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

Lightspeed Venture Partners

Notable Investors:

Lightspeed Venture Partners

$60,000,000

Series A

Mar 2024

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$30M

$60M

View all funding stages