What is Turing?
Headquartered in Palo Alto, California, Turing is a privately held enterprise founded in 2018 that specializes in advanced AI solutions. The company is primarily focused on the development of Artificial General Intelligence (AGI) infrastructure, emphasizing high-level reasoning, complex problem-solving, and advanced coding capabilities. By integrating cutting-edge research with practical, scalable deployment, Turing provides the foundational technology necessary for breakthroughs across diverse industrial sectors. Its market position is defined by its ability to translate theoretical AI advancements into tangible, high-performance tools that address the most challenging computational requirements of modern enterprises.
How much funding has Turing raised?
Turing has raised a total of $244.2M across 5 funding rounds:
Multiple Rounds
$46.1M
Series D
$87M
Series E
$111M
Debt (2020): $150K with participation from PPP
Angel/Seed (2020): $14M led by Foundation Capital
Series B (2020): $32M supported by Gaingels, Foundation Capital, Frontier Ventures, Westbridge Capital Us Advisors, Mindset Ventures, and Altair Capital
Series D (2021): $87M featuring Foundation Capital, Brainstorm Ventures, Westbridge Capital Us Advisors, AltaIR Capital, and StepStone Group
Series E (2025): $111M backed by Plug and Play Tech Center, Khazanah Nasional Berhad, Sozo Ventures, and Gaingels
Key Investors in Turing
Plug and Play Tech Center
Founded in 2006, Plug and Play Tech Center is an early stage investor, accelerator and corporate innovation platform with global headquarters in Sunnyvale, California with additional locations across the globe.
Khazanah Nasional Berhad
Khazanah's commercial objective is to grow financial assets and diversify revenue sources for the nation, while its strategic objective is to hold strategic assets that bring long-term economic benefits. Khazanah Nasional Berhad was founded in 1993 and is located in Kuala Lumpur, Malaysia.
Gaingels
Gaingels is the leading investment syndicate in support of and representing the LGBTQ community and allies in the venture capital space, investing in high-growth companies resolved on building more inclusive teams.
What's next for Turing?
With the successful closure of this major strategic investment, Turing is poised to enter a new phase of operational expansion. The company is expected to prioritize the scaling of its AGI infrastructure, likely focusing on enhancing the reasoning capabilities of its core models to maintain a competitive edge in the rapidly evolving AI landscape. Furthermore, the influx of capital will likely support the recruitment of top-tier research talent and the expansion of its deployment capabilities, enabling the firm to address broader enterprise-level demands. As Turing matures, the focus will shift toward long-term sustainability and the commercialization of its proprietary AI frameworks, ensuring that its technological advancements translate into sustained market leadership and measurable impact for its global client base.
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