.avif)
Total amount raised
$225 Million
Latest funding date
2025-03-06
Location
Turing has raised funding over 12 rounds, with the latest being a USD 111 million Series E in March 2025 led by Khazanah Nasional at a USD 2.2 billion valuation. The company is backed by a total of 99 investors, including Gaingels, Sozo Ventures, WestBridge Capital, and Khazanah Nasional.
Keep reading to explore the intricacies of Turing's fundraising journey and the investors backing this innovative platform.
What Is Turing?
Turing, based in Palo Alto, California, is a company that advances frontier AI and builds real-world systems for Fortune 500 companies, governments, and leading AI labs. The company operates in various sectors, including Artificial Intelligence, Generative AI, Information Technology, Machine Learning, and Software Engineering.
Founded with a mission to develop large-scale reinforcement learning environments and data generation systems, Turing collaborates with frontier labs and enterprises to bridge the gap between model training and real-world deployment. The company has raised USD 225 million since 2018 and has a substantial employee base ranging from 1001 to 5000 employees.
How Much Funding Has Turing Raised?
- Series E
- Amount Raised: USD 111,000,000
- Date: March 2025
- Lead Investors: Khazanah Nasional Berhad, with participation from WestBridge Capital, Sozo Ventures, UpHonest Capital, AltaIR Capital, Amino Capital, Plug and Play, MVP Ventures, Fortius Ventures, Gaingels, and Mastodon Capital Management
- Valuation at Round: USD 2.2 billion
- Motivation Behind the Round: To support R&D, sales, and marketing efforts for Turing's main business lines.
- Convertible Note
- Amount Raised: USD 6,850,000
- Date: December 2021
- Lead Investors: AltaIR Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational expansion and technological advancements.
- Series D
- Amount Raised: USD 87,000,000
- Date: October 2021
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up operations and enhance AI capabilities.
- Convertible Note
- Amount Raised: USD 135,000
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To cover short-term operational costs.
- Convertible Note
- Amount Raised: USD 5,000,000
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund ongoing projects and initiatives.
- Convertible Note
- Amount Raised: USD 6,200,000
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development.
- Series B
- Amount Raised: USD 32,000,000
- Date: September 2020
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market reach and product offerings.
- Seed
- Amount Raised: USD 14,000,000
- Date: August 2020
- Lead Investors: Foundation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and market entry.
- Convertible Note
- Amount Raised: USD 5,000,000
- Date: March 2020
- Lead Investors: Foundation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure early-stage funding for product development.
- Angel
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial development.
Total Amount Raised: USD 225,000,000 since 2018, as stated by Turing. Current Valuation: USD 2.2 billion. As of September 2026, the company's latest disclosed round is its March 2025 Series E.
Key Investors
- Khazanah Nasional
- Details: Khazanah Nasional is Malaysia's sovereign wealth fund, managing the commercial assets of the Malaysian government. It led Turing's USD 111 million Series E in March 2025.
- Investment Focus Areas: Technology, innovation, infrastructure.
- Notable Investments: Turing.
- WestBridge Capital
- Details: WestBridge Capital is a venture capital firm that invests in technology and innovation-driven companies. It has a strong presence in both the U.S. and Indian markets.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Turing, Byju's, OYO Rooms.
- Sozo Ventures
- Details: Sozo Ventures is a venture capital firm that invests in technology companies with a focus on helping them expand into global markets. The firm is known for its strategic partnerships and deep industry connections.
- Investment Focus Areas: Technology, AI, enterprise software.
- Notable Investments: Turing, Square, Palantir.
- AltaIR Capital
- Details: AltaIR Capital is a venture capital firm that invests in early-stage technology startups. The firm has a diverse portfolio and a strong focus on innovation.
- Investment Focus Areas: Technology, fintech, AI.
- Notable Investments: Turing, Miro, Lemonade.
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that supports early-stage startups. The firm has a history of backing companies that go on to become industry leaders.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Turing, Netflix, Uber.
What's Next for Turing?
Turing's USD 111 million Series E, announced on March 6, 2025 at a USD 2.2 billion valuation, is directed at R&D, sales, and marketing across its main business lines as it works on AGI advancement and real-world AI systems for Fortune 500 companies, governments, and frontier AI labs. The company works with 4 million coders globally and generates around USD 300 million in annualized revenue run rate.
With the Series E, Turing has raised USD 225 million since 2018, and the round was joined by WestBridge Capital, Sozo Ventures, UpHonest Capital, AltaIR Capital, Amino Capital, Plug and Play, MVP Ventures, Fortius Ventures, Gaingels, and Mastodon Capital Management. Its stated priorities are expanding large-scale reinforcement learning environments and data generation systems, plus growing its use cases and customer base.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Turing and gather other critical business insights.
Sign up for free to start making data-driven decisions and stay ahead in the competitive landscape.
