iTuring.AI Raises $5 Mn To Roll Out Zero-Code AI Platform

SUMMARY

Bengaluru-based AI startup iTuring.ai has raised $5 Mn (INR 43.2 Cr) in its Series A funding round from Dallas Venture Capital (DVC) and Mela Ventures

The fresh capital will accelerate the rollout of its proprietary, zero-code AI/ML platform for the banking, financial services and insurance (BFSI) sector

Founded by Suman Singh, Amit Kumar, Mohammed Nawas and Srivalsan Ponnachath in 2018, iTuring.ai is a SaaS startup which claims to help BFSI enterprises use their data to make smarter and faster decisions

Amid a string of funding rounds materialising for early to growth stage Indian AI startups, Bengaluru-based AI startup iTuring.ai has raised $5 Mn (INR 43.2 Cr) in its Series A funding round from Dallas Venture Capital (DVC) and Mela Ventures.

In a statement, the startup, which recently rechristened from its erstwhile name CyborgIntell, said that the fresh capital will accelerate the rollout of its proprietary, zero-code AI/ML platform for the banking, financial services and insurance (BFSI) sector.

The platform allows financial institutions to automate all stages in the journey of deploying data science and machine learning.

Further, the funds would also be utilised to advance iTuring’s product development, expand its US team and scale the platform’s autonomous AI capabilities. “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,” iTuring.ai founder and CEO Suman Singh said.

Founded by Singh, Amit Kumar, Mohammed Nawas and Srivalsan Ponnachath in 2018, iTuring.ai is a SaaS startup which claims to help BFSI enterprises use their data to make smarter and faster decisions through its end-to-end zero-code DSML (domain-specific modeling language) platform.

The flagship platform automates the entire lifecycle of data science and ML – from development and deployment to operationalisation and risk management. For banks, its AI solutions can help build better customer service, help minimise fraud and reduce costs.

iTuring claims that its platform has processed 170 TB data and built 37,500 models till date. It counts the likes of Reliance, LoanTap, Aadhar Housing Finance, and Bharti AXA among its clients. The startup serves clients across India, South Africa and the US.

The funding round for the startup, which had raised slightly over $1 Mn across two funding rounds prior to this, comes when AI continues to be the top sector for investors. A plethora of such startups, including Trupeer, QPi.Ai, Grexa AI, Kluisz.ai, have bagged funding in recent days.

A recent investor survey by Inc42 showed that more than half of the 80+ investors surveyed were looking to infuse funds in early stage AI startups in the second half of 2025.