Enterprise AI/ML platform iTuring.ai has secured $5 million in its Series A funding round. The round was led by Dallas Venture Capital (DVC) and Mela Ventures, following an earlier $1.19 million raise co-led by SenseAI and Pentathlon Ventures, with participation from Ghosal Ventures.
The fresh capital will help the startup scale the rollout of its proprietary zero-code platform designed for the BFSI sector.
The platform allows banks and insurers to automate and manage the full lifecycle of machine learning and data science, from development to deployment and governance.
iTuring.ai was founded in 2018 by Suman Singh, Amit Kumar, Mohammed Nawas, and Srivalsan Ponnachath. The founding team set out to simplify AI adoption for financial institutions, making the process faster, fully compliant, and audit-ready.
Also Read | Inbound Aerospace Raises $1 Mn in Seed Funding Round
Built to meet the sector’s regulatory complexity, iTuring’s platform brings together data preparation, model training, deployment, and performance monitoring — all under one roof. The company claims its clients have reported faster delivery cycles and major reductions in manual intervention.
iTuring currently serves BFSI clients across India, the U.S., and South Africa. In the U.S., the company has also partnered with a major global payment platform to enable revenue growth and operational efficiency.
