Turing’s $111M Series E: When in Doubt, Just Say "AGI"
Turing secures $111M to advance AGI, or as we like to call it, ‘the perpetual AI fundraising machine.’ Investors just can’t resist those glowing red eyes.
Another day, another AI company raking in millions. This time, it's Turing, securing a cool $111 million in Series E funding, proving once again that if you slap "AGI" on your pitch deck, the money cannon fires.
To make this thrilling announcement more digestible, we’re giving you the Top 5 Most Crucial Takeaways From Turing’s Big News:
1. Turing’s Valuation is Now a Casual $2.2 Billion
In case you were worried, Turing’s still a unicorn. With this round, the company has raised $225 million in total, ensuring that its AGI ambitions stay well-funded and that its investors can continue to dream of a world where AGI takes over everything except the difficult job of making press releases sound human.
2. AGI is Still the Future (Or at Least a Great Investment Hook)
Turing wants to accelerate AGI advancement. What does that mean? Something about "thinking, reasoning, coding, agentic behavior, multimodality, STEM, and frontier knowledge." In other words, big, smart AI things.
3. The Malaysian Sovereign Wealth Fund is Leading the Charge
Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund, led this round. So while Silicon Valley VCs were still recovering from their AI-induced spending sprees, Malaysia was out here saying, "We’ll take that AGI bet."
4. Turing’s AI Vetting Engine (Still) Loves AI Vetting Talent
Turing boasts that its AI-powered vetting and matching engine is fueling growth, helping it build a "talent cloud" of over four million software engineers, data scientists, and STEM experts. If you thought AGI was about replacing humans, well, apparently it still needs millions of them.
5. They Named Their Fine-Tuning Platform ALAN, Because Why Not?
Yes, ALAN. Not an acronym, just ALAN. A fine-tuning platform for model evaluations, reinforcement learning, and agent development. Given that most AI startups choose vague but ominous names, ALAN feels almost refreshingly personal, like a friendly AI assistant who might help, or at least won’t immediately try to replace you.
If you’re looking for an AI-powered workforce, or just want to invest in the world’s biggest game of "Will AGI Actually Happen?", Turing's got you covered.
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