iTuring.ai raises $5M in Series A led by Dallas Venture Capital and Mela Ventures
The fresh capital will be utilised to advance product development, expand its US team, and enhance its autonomous AI capabilities for BFSI applications.
Enterprise AI platform iTuring.ai (formerly CyborgIntell) has raised $5 million in a Series A funding round led by Dallas Venture Capital (DVC) and Mela Ventures.
The fresh capital will be utilised to advance product development, expand its US team, and enhance its autonomous AI capabilities for BFSI applications.
“Our vision from day one was to empower financial institutions to automate the full lifecycle of AI model development, deployment, and governance with a transparent, explainable, and audit-ready solution,” said Suman Singh, Founder & CEO of iTuring.ai.
“This funding allows us to accelerate our mission and bring AI-driven ROI to our clients faster. We are now focused on building autonomous, agentic AI to solve last-mile challenges in customer acquisition, collections, underwriting, and fraud prevention.”
The Bengaluru- and US-based startup builds no-code, enterprise-grade AI/ML solutions for banking, financial services, and insurance (BFSI) sector.
The platform automates the end-to-end data science workflow, including data preparation, feature engineering, model development, deployment, and monitoring, within a single environment that meets the BFSI sector’s regulatory and audit requirements.
“At Dallas Venture Capital, we are inspired by founders who marry deep domain expertise with the vision to re-imagine how software is built and consumed. The iTuring.ai team is doing exactly that—compressing months of data-science effort into hours,” said Gokul Dixit, Partner, Dallas Venture Capital.
“We believe this ‘AI-as-a-decision-fabric’ theme will define the next decade of enterprise software and we are thrilled to partner with iTuring,” he added.
Founded by Mohammed Nawas, Suman Singh, Amit Kumar, iTuring.ai is a zero-code enterprise AI software firm focused on the BFSI sector. Their AI platform streamlines the entire lifecycle of data science and machine learning, helping businesses to develop, deploy, and manage AI applications.
At present, it serves clients across India, South Africa, and the United States. In the US, it has formed a partnership with a global payments platform, the company said.
“The BFSI sector’s complexity, regulatory intensity, and data richness make it the perfect proving ground for domain-trained AI systems. Powered by AI-ML, the iTuring platform provides a secure, scalable data infrastructure layer for the BFSI sector.,” added Parthasarathy NS, Managing Partner at Mela Ventures.
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