Turing, a Palo Alto, California-based world's leading Intelligent Talent Cloud, announced that it raised $87 million at a valuation of about $1.1 billion.
The Series D financing was led by WestBridge Capital, with participation from Foundation Capital, along with new investor StepStone Group.
Other investors in the round include AltaIR Capital, HR Tech Investments LLC (an affiliate of Indeed), Brainstorm Ventures, Frontier Ventures, Modern Venture Partners, and Plug and Play Scale Fund.
The unicorn round brings Turing's total raised capital to over $140 million. This round was heavily oversubscribed; Turing has since opened a SAFE at a $4 billion valuation cap which is now also oversubscribed.
Company: Turing Enterprises Inc.
Raised: $87.0M
Round: Series D
Funding Month: December 2021
Lead Investors: WestBridge Capital
Additional Investors: Foundation Capital, StepStone Group, AltaIR Capital, HR Tech Investments LLC, Brainstorm Ventures, Frontier Ventures, Modern Venture Partners, and Plug and Play Scale Fund
Company Website: https://www.turing.com/
Software Category: Intelligent Talent Cloud
About the Company: Turing is the Intelligent Talent Cloud, an automated AI platform that lets companies "push a button" to vet, hire, and manage remote software developers worldwide. Turing is an information technology company that enables start-ups, businesses, and organizations to hire software engineers. With more than 1 million developers on the platform from over 140 countries, Turing lets you spin up your engineering dream team in the cloud.
Source: https://www.prnewswire.com/news-releases/turing-achieves-unicorn-status-following-series-d-bringing-total-raised-to-over-140-million-301448350.html