Palo Alto based mostly AI coding supplier Turing has raised $111 million in a Collection E funding spherical, doubling its valuation to $2.2 billion, reported by TechCrunch first.
The corporate, which provides code for OpenAI and different AI corporations, has seen fast progress amidst the rise of a number of AI coding instruments.
“Excited to share that Turing has secured $111M in funding in a closely oversubscribed spherical at a $2.2B valuation,” wrote Turing CEO Jonathan Siddharth on Linkedin. “We’re one of many fastest-growing AGI infrastructure corporations on the planet—and we’re worthwhile.”
The funding will assist its work in AGI infrastructure, AI mannequin improvement, and enterprise AI functions. Siddharth calls Turing ‘an index wager on AGI.’
The spherical was led by Malaysia’s sovereign wealth fund, Khazanah Nasional Berhad, with traders together with WestBridge Capital, Sozo Ventures, and Plug and Play. Primarily based in Palo Alto, Turing has now raised a complete of $225 million.
“In 2018 Jonathan camped out in our Basis Capital workplaces coding the early model of Turing – an answer to the engineering expertise problem he’d confronted firsthand at his earlier startup,” mentioned Ashu Garg, basic accomplice at Basis Capital.
Turing’s expertise contains an AI-driven expertise platform for vetting, matching, and managing engineers, ALAN for mannequin analysis, reinforcement studying, and agent improvement, and compute and information to assist and enhance AGI fashions.
Initially launched as a distant hiring platform for engineers, Turing shifted focus in 2022 when OpenAI sought its assist in producing code to enhance AI mannequin reasoning. Immediately, its focus contains reasoning, coding, multimodality, and industry-specific functions.
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