TrueFoundry Raised $2.3 Million in Seed Funding

Machine learning developer TrueFoundry has raised $2.3 million in seed funding from Surge and Eniac Ventures. The company plans to use the money to expand its technical team and develop new products. Its software helps developers create and deploy machine learning models more quickly than other companies.

TrueFoundry is based in Boston, Massachusetts and focuses on providing tools for small businesses. It was founded in 2014 and has been growing ever since. Since then, it has raised over $120 million from angel investors. It has also received funding from MIT and MassChallenge, a Boston-based startup incubator.

While First Star isn’t disclosing its latest funding round, its recent deals suggest where the firm might be focusing its energy. In a recent seed round for ChiselStrike, a tool for back-end software developers, First Star also invested in a $12 million Series A round for Zanskar, a company that uses geospatial data to decarbonize the U.S. power grid. One of its other projects, Fyto, could be categorized as climate tech, as it uses robots to grow ultra sustainable feed for cattle.

While initial cash may come from a founder’s own pocket, friends and family, it’s important to remember that the first $10-50K of a new venture is going to come from the founder’s savings and/or a family member’s checking account. The goal is to have enough funding to last you 12 months, plus 50% extra.

Remofirst also raises $2.3 million in seed funding. This funding comes at a time when the startup is competing against several larger players, including Atlas and Deel, both of which raised over $200 million last year. However, Remofirst isn’t discouraged by the larger competition. The company has also grown from five employees to 40, with a year-over-year revenue growth of 11x.

VTION Digital Analytics has raised $1.3 million from investors. The company plans to use the funds to accelerate its growth in India, develop its panels, and pursue global expansion. The company’s platform helps marketers analyze and understand consumer behaviour data and rewards consumers for sharing data.

Related Articles

Back to top button