Turing

Founded in 2018.

Turing announced a $14 million seed round led by Foundation Capital. TechCrunch reported that the company had grown annualized revenue to $10 million before the raise and that the funding would support continued expansion of its remote developer marketplace.

Turing said it had secured an oversubscribed $14 million seed round led by Foundation Capital. The company described the financing as a major milestone in its history and said the capital would accelerate its remote-work platform.

Turing announced new partnerships with Oyster and Deel to expand its boundaryless ecosystem. The company framed the alliances as a way to broaden global hiring, payroll, and compliance support for distributed teams.

Turing announced a $111 million Series E financing, valuing the company at $2.2 billion based on Q3 2024 revenue. The company said the round brought total funding to $225 million since its founding in 2018.

Turing said it was one of Anthropic’s official launch partners for Claude for Financial Services. Turing also introduced CRaiG, a compliance requirements generator built for financial-services workflows, as one of the initial applications on the platform.