Company will use financing to expand technology team and for product development. : TrueFoundry, a machine learning (ML) developer, has raised $2.3 million in seed funding led by Sequoia India and Southeast Asia's Surge. Other investors in the round included Eniac Ventures and Naval Ravikant, an angel investor. TrueFoundry will use the funding for expanding its technology team and on product development, it said in a statement. "TrueFoundry was born out of the idea that no business--big or small—should miss out on the opportunities of machine learning.