{"id":"752f00fa-7215-480c-a269-91b59ffb1bb3","name":"Foundry","slug":"foundry","description":"Foundry Technologies, the a16z-backed AI compute startup founded by former DeepMind researcher Jared Quincy Davis, rebranded to Mithril in August 2025 and repositioned as an \"AI omnicloud.\" Unlike neoclouds such as CoreWeave, Lambda, or Nebius that own or lease their own data centers, Mithril does not operate hardware of its own. It runs a multi-cloud GPU marketplace that orchestrates virtual machines and Kubernetes workloads across other providers, with algorithmically set spot prices recalculated weekly from the prior seven days' supply and demand.\\n\\nThe platform offers Nvidia H100, H200, and A100 capacity, added B200 spot instances in December 2025, and rolled out Flexible Reservations (capacity guarantees with credits for unused hours) in March 2026. A June 2026 SkyPilot partnership deepened its portability story, and it maintains SOC 2 Type II compliance. Storage is priced separately at $0.08 per GB per month for NVMe. The company also publishes Project Ember, an open framework for compound AI systems, reflecting founder Davis's academic work on compound AI at Stanford and DeepMind.\\n\\nDisclosed customers skew toward research and AI-native teams rather than hyperscale training labs: the Arc Institute (developers of the EVO genomic foundation model), MIT, and Harvard's Broad Institute are named references, with the company describing users running 10,000+ GPU-hours per day. Foundry has not publicly disclosed an owned GPU fleet size, MW footprint, or total funding raised, consistent with an orchestration-layer business model where inventory sits on partner clouds rather than on its own balance sheet.","status":"private","founded":0,"hq":"Undisclosed","hqLat":7.6130084,"hqLng":5.248172,"hqGeocodedAt":"2026-08-23T21:01:53.699Z","hqAddress":null,"hqPrecision":null,"website":"https://foundry.com","fundingTotal":null,"type":"brain","roles":["data_center_operator"],"reviewStatus":"reviewed","heatIndex":54,"lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://mithril.ai/","title":"Mithril: The AI omnicloud (homepage; footer identifies Foundry Technologies as corporate entity)","publisher":"Mithril / Foundry Technologies"},{"url":"https://mithril.ai/pricing","title":"Mithril pricing (algorithmic weekly spot pricing; NVMe at $0.08/GB/mo)","publisher":"Mithril"},{"url":"https://mithril.ai/blog","title":"Mithril blog (Aug 2025 rebrand, Dec 2025 B200 launch, Mar 2026 Flexible Reservations, Jun 2026 SkyPilot partnership)","publisher":"Mithril"}],"keyFacts":[{"label":"Headquarters","value":"Undisclosed"},{"label":"Status","value":"private"},{"label":"Type","value":"brain"},{"label":"Business model","value":"Multi-cloud GPU marketplace (\"AI omnicloud\") that orchestrates VMs and Kubernetes workloads across third-party GPU providers rather than owning data-center capacity itself","sourceUrl":"https://mithril.ai/"},{"label":"Rebrand","value":"Rebranded from Foundry Technologies to Mithril on Aug 4, 2025; corporate entity remains Foundry Technologies","sourceUrl":"https://mithril.ai/blog"},{"label":"Founder","value":"Jared Quincy Davis, former DeepMind researcher and Stanford PhD focused on compound AI systems","sourceUrl":"https://mithril.ai/"},{"label":"GPU inventory","value":"Access to Nvidia H100, H200, A100, and (from Dec 2025) B200 GPUs across partner clouds; owned fleet size not disclosed because it operates as an orchestration layer","sourceUrl":"https://mithril.ai/blog"},{"label":"Pricing model","value":"Algorithmic spot pricing recalculated weekly from the trailing seven days of supply and demand; Flexible Reservations for guaranteed capacity introduced Mar 2026","sourceUrl":"https://mithril.ai/pricing"},{"label":"Storage pricing","value":"NVMe SSD at $0.08 per GB per month (file share or block); WEKA-backed storage with no ingress/egress fees","sourceUrl":"https://mithril.ai/pricing"},{"label":"Silicon partner","value":"Nvidia-only fleet across partner clouds; no AMD, Cerebras, or custom silicon disclosed","sourceUrl":"https://mithril.ai/blog"},{"label":"Named customers","value":"Arc Institute (EVO genomic foundation model, cited on-site by co-founder Patrick Hsu), MIT, Harvard Broad Institute; teams disclosed running 10,000+ GPU-hours per day","sourceUrl":"https://mithril.ai/"},{"label":"Ecosystem partnership","value":"SkyPilot integration partnership announced June 2026, extending workload portability across clouds","sourceUrl":"https://mithril.ai/blog"},{"label":"Compliance","value":"SOC 2 Type II","sourceUrl":"https://mithril.ai/"},{"label":"Positioning","value":"Long-tail and research-oriented compute buyers (labs, academic, AI-native startups) rather than hyperscale training tenants; both training and inference workloads via Spot plus reservations","sourceUrl":"https://mithril.ai/"},{"label":"Owned capacity (MW)","value":"None disclosed; company does not appear to own data-center capacity","sourceUrl":"https://mithril.ai/"},{"label":"Total funding","value":"Not publicly disclosed; company is a16z-backed but has not announced a headline round size","sourceUrl":"https://mithril.ai/"}],"aliases":[],"collisionRisk":"low","reviewNote":"SCOPE-REVIEW: Crypto mining — not physical AI","atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":null,"stockExchange":null,"secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":null,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-08-19T23:14:17.591Z","updatedAt":"2026-08-28T01:48:18.970Z","jsonLd":{"@context":"https://schema.org","@type":"Organization","@id":"https://registry.deploy.report/companies/foundry","url":"https://registry.deploy.report/companies/foundry","name":"Foundry","description":"Foundry Technologies, the a16z-backed AI compute startup founded by former DeepMind researcher Jared Quincy Davis, rebranded to Mithril in August 2025 and repositioned as an \"AI omnicloud.\" Unlike neoclouds such as CoreWeave, Lambda, or Nebius that own or lease their own data centers, Mithril does not operate hardware of its own. It runs a multi-cloud GPU marketplace that orchestrates virtual machines and Kubernetes workloads across other providers, with algorithmically set spot prices recalculated weekly from the prior seven days' supply and demand.\\n\\nThe platform offers Nvidia H100, H200, and A100 capacity, added B200 spot instances in December 2025, and rolled out Flexible Reservations (capacity guarantees with credits for unused hours) in March 2026. A June 2026 SkyPilot partnership deepened its portability story, and it maintains SOC 2 Type II compliance. Storage is priced separately at $0.08 per GB per month for NVMe. The company also publishes Project Ember, an open framework for compound AI systems, reflecting founder Davis's academic work on compound AI at Stanford and DeepMind.\\n\\nDisclosed customers skew toward research and AI-native teams rather than hyperscale training labs: the Arc Institute (developers of the EVO genomic foundation model), MIT, and Harvard's Broad Institute are named references, with the company describing users running 10,000+ GPU-hours per day. Foundry has not publicly disclosed an owned GPU fleet size, MW footprint, or total funding raised, consistent with an orchestration-layer business model where inventory sits on partner clouds rather than on its own balance sheet.","identifier":"752f00fa-7215-480c-a269-91b59ffb1bb3","address":"Undisclosed","publisher":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":3,"primary_source_types":[]}}}