About iTuring.ai
iTuring.ai is a company based in Bengaluru (India) founded in 2018 by Srivalsan Ponnachath, Mohammed Nawas, Amit Kumar, and Suman Kumar Singh.. iTuring.ai has raised $6.77 million across 6 funding rounds from investors including LetsVenture, Pentathlon Ventures and Mela Ventures.
- Headquarter Bengaluru, India
- Founders Srivalsan Ponnachath, Mohammed Nawas, Amit Kumar, Suman Kumar Singh
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
$460.13 K (USD)-15as on Mar 31, 2024
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Net Profit
$-436.46 K (USD)-151as on Mar 31, 2024
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EBITDA
$-265.03 K (USD)-504as on Mar 31, 2024
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Total Equity Funding
$6.77 M (USD)
in 6 rounds
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Latest Funding Round
$5 M (USD), Series A
Jul 23, 2025
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Investors
LetsVenture
& 8 more
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Employee Count
Employee Count
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Funding Insights of iTuring.ai
iTuring.ai has successfully raised a total of $6.77M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $5.0M
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First Round
First Round
(15 Mar 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series A - iTuring.ai | Valuation | Dallas Venture Capital , Mela Ventures |
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| Jul, 2024 | Amount | Seed - iTuring.ai | Valuation | Pentathlon Ventures |
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| Jan, 2022 | Amount | Seed - iTuring.ai | Valuation | LetsVenture |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iTuring.ai
iTuring.ai has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, Pentathlon Ventures and Mela Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund and startup accelerator focused on technology sectors
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Founded Year | Domain | Location | |
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Investments are made in B2B technology startups focusing on climate tech, enterprise SaaS, and deep tech.
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Founded Year | Domain | Location | |
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Investing in seed-stage B2B SaaS companies with a focus on digital transformation and emerging tech in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iTuring.ai
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - iTuring.ai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ituring.Ai Comparisons
Competitors of iTuring.ai
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about iTuring.ai
When was iTuring.ai founded?
iTuring.ai was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is iTuring.ai located?
iTuring.ai is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of iTuring.ai?
Suman Kumar Singh is the current CEO of iTuring.ai. They have also founded this company.
Is iTuring.ai a funded company?
iTuring.ai is a funded company, having raised a total of $6.77M across 6 funding rounds to date. The company's 1st funding round was a Seed of $911.42K, raised on Mar 15, 2019.
What is the annual revenue of iTuring.ai?
Annual revenue of iTuring.ai is $460.13K as on Mar 31, 2024.
What does iTuring.ai do?
Developer of zero-code AI platform automating the entire data science lifecycle. The platform enables enterprises, particularly in banking, financial services, and insurance to manage data preparation, feature engineering, model development, deployment, governance, and monitoring without writing code. It offers AutoML, decision-AI, and rule engines to integrate predictive models with business logic for real-time decision-making. The system supports explainable, bias-aware model operations and includes tools for model risk management, automated retraining, and audit-ready documentation. Designed for fast deployment and scalable infrastructure, the platform emphasizes transparent governance and measurable business impact through continuous performance tracking and feedback loops.
Who are iTuring.ai's investors?
iTuring.ai has 9 investors. Key investors include LetsVenture, Pentathlon Ventures, Mela Ventures, Dallas Venture Capital, and Ghosal Ventures.