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Venture Capital News: Turing Secures $111M Series E Round

2025-03-06
PALO ALTO, CA, Turing announced today that it has secured $111 million in committed capital for its Series E financing at a valuation of $2.2 billion.
Turing, one of the world's fastest-growing AGI infrastructure companies, announced today that it has secured $111 million in committed capital for its Series E financing at a valuation of $2.2 billion. Khazanah Nasional Berhad, Malaysia's sovereign wealth fund, led the round 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. The oversubscribed round brings Turing's total funding to $225 million since being founded in 2018. The round was priced when the company reached $167 million in annualized revenue run rate (ARR).

Turing is one of the world's fastest-growing AGI infrastructure companies accelerating the advancement and deployment of powerful AI systems. Turing has two main business lines: Turing AGI Advancement, which works with the world's leading AI labs to advance frontier model capabilities in thinking, reasoning, coding, agentic behavior, multimodality, STEM and frontier knowledge; and Turing Intelligence, which leverages learnings from advancing frontier AGI to build real-world AI systems that solve mission-critical priorities for Fortune 500 Companies. Powering this growth is Turing's AI-powered vetting and matching engine and its fine-tuning platform, ALAN, which accelerates workflows for model evaluations, finetuning, reinforcement learning, and agent development.
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