DeeperML

Turing, a prominent coding provider for OpenAI and other large language model (LLM) producers, has successfully raised $111 million in a Series E funding round. This new investment has propelled the company's valuation to $2.2 billion, doubling its previous valuation. Turing, initially an HR tech startup focused on vetting and hiring remote coders, has transformed into a key player in the AI development landscape, assisting in building LLMs and creating generative AI applications for enterprises.

The funding round was led by Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, with participation from WestBridge Capital, Sozo Ventures, and several other investors. Turing plans to utilize the funds to expand its business, reach more customers, and broaden its use cases. CEO Jonathan Siddharth emphasized that the company has been profitable for around a year and aims to leverage the investment to fast track the "next generation" of AI model advancement.

ImgSrc: d15shllkswkct0.

References :

• Analytics India Magazine: OpenAI’s Coding Provider Turing Raises $111 Million at $2.2 Billion Valuation
• TechCrunch: Turing, a key coding provider for OpenAI and other LLM producers, raises $111M at a $2.2B valuation
• Verdict: Turing secures $111m funding to advance AGI technology
• SiliconANGLE: AI training data provider Turing closes $111M investment

Classification:

• HashTags: #AITrainingData #Funding #MachineLearning
• Company: Turing
• Target: AI Developers
• Product: AI Training Data
• Feature: AI Training Data
• Type: AI
• Severity: Informative