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Turing is a platform for hiring programmers launched in 2018. The service automatically performs such operations as determining the qualifications of candidates, selecting specialists, employment and remote work of developers. Turing offers highly qualified professionals from less expensive jurisdictions for Silicon Valley companies.
Programmers, entering Turing, can take a test to determine their qualifications and confirm it in a subsequent video interview. The last stage is the automatic selection of a programmer for the task set by the employer.
History
2021: Raising $87 million, estimated at $1.1 billion
December 20, 2021 it became known about the investment of $87 million in Turing. According to the results of the Series D funding round, the American platform for hiring programmers was estimated at $1.1 billion. Other transaction parameters are not disclosed.
The startup again invested the AltaIR of Igor Ryabenky and the investor club AltaClub, and the main investor was the fund WestBridge Capital.
From the moment AltaClub and AltaIR Capital invested in August 2020 to December 2021, Turing's business "has multiplied both in terms of the number of customers, and in terms of countries of presence, and according to estimates," the fund's press service said. Among the company's customers are such giants as Johnson & Johnson, Coinbase, Rivian, Dell, Disney, Plume and VillageMD, etc. By December 2021, according to its own data, there are more than 1 million developers from 140 countries on the Turing platform, which is nine times more than a year earlier.
 | Turing's growth was phenomenal, you can't say otherwise, "says Sumir Chadha, managing director of WestBridge Capital. - Over the past two decades, we have invested and witnessed the creation of large development companies operating remotely around the world. Turing has pioneered a new era of such companies based on machine learning and automation. |  |
According to TechCrunch in a publication dated December 20, 2021, in the near future, Turing will expand into related areas, such as project management, opening the way for a new product in which companies can use entire Turing teams, not individuals. It is for these purposes that the investments attracted in December 2021 will go.
At the time of receipt of this funding, the Turing platform places vacancies in 15 different types of work, covering more than 100 different technologies.[1]
2020: Attracting $305,000 of investments
On October 21, 2020, it became known that the startup Turing attracted $305 thousand in investments, including from Russian investors. The transaction was made through a convertible loan.
Members of the Russian club of venture investors Angelsdeck invested in Turing, including:
- investor Alexander Katalov;
- co-founder of the site for startups "Exploration by Battle" Vyacheslav Turpanov;
- entrepreneur Tigran Nazaretian;
- business angel Lyudmila Khrapchenko;
- Witherton Family Fund for Venture and Private Investment;
- investor Ilya Poz;
- serial IT entrepreneur Andrei Kamotsky;
- President of Nanolek Biopharmaceutical Company Vladimir Khristenko;
- venture builder i-Free.
Business angel Maxim Matsin and founder of health diagnostics startup Checkuper.online Sergey Charter invested in the HR startup.
The main investor in this transaction was business angel Dmitry Chernyak, who is an adviser to Turing and one of the first investors in the platform. Other investors included the founder of the Upwork job search platform Berud Shet, business angels Dmitry Alimov and Igor Ryabenky. How much money each of the investors invested in Turing is not specified.
Notes
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