Company · Data & infrastructure
Turing revenue, valuation & funding
Turing was valued at $2.2 billion in its March 2025 Series E. Sacra estimates its annualized revenue reached $350M at the end of 2025. Turing is a private company and hasn't announced plans to go public.
At a glance
- Valuation: $2.2 billion at its Series E in March 2025, led by Khazanah Nasional Berhad.
- Revenue: an estimated $350M in annualized revenue at the end of 2025, per Sacra. Turing publishes no audited results.
- Status: private. No stock ticker and no announced IPO plan.
- Founded: March 2018, by Jonathan Siddharth and Vijay Krishnan.
- CEO: Jonathan Siddharth, co-founder.
- Headquarters: San Francisco. In March 2025 it described itself as based in Palo Alto.
- Investors: Khazanah Nasional Berhad, WestBridge Capital, Foundation Capital and StepStone Group, among others.
- Products: Turing Frontier, which connects AI labs with U.S. experts, and ALAN, a fine-tuning platform.
Is Turing public? Can you buy its stock?
No. Turing is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol.
Turing hasn't announced plans to go public. Its executives haven't given a timeline for a listing, and no filing has been reported.
Its shares are held by its founders, staff and investors. Malaysia's sovereign wealth fund, Khazanah Nasional Berhad, led its last round in March 2025, according to Turing's announcement. This page reports facts and gives no investment advice.
Valuation, round by round
Turing's valuation went from $1.1 billion in its December 2021 Series D to $2.2 billion in its March 2025 Series E, doubling in a little over three years.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| Mar 2025 | $2.2B | $111M | Khazanah Nasional Berhad | Business Wire (Turing press release) |
| Dec 2021 | $1.1B | $87M | WestBridge Capital | Pulse 2.0 |
| Dec 2020 | — | $32M | WestBridge Capital | Turing blog |
Pulse 2.0 reported that Turing set up a SAFE note at a $4 billion valuation after the Series D. The December 2020 Series B was announced without a valuation.
Revenue
Turing doesn't publish audited results. It said its run rate nearly tripled to $300M in 2024, and Sacra estimates it reached $350M by the end of 2025.
| Date | Figure | Basis | Source |
|---|---|---|---|
| Dec 2025 | $350M | Estimate | Sacra |
| Mar 2025 | $300M | Reported | TechCrunch |
| Jan 2025 | $300M | Company | Turing |
A run rate is a month's revenue times twelve. It isn't a year's audited revenue, and the December 2025 figure is an estimate by Sacra.
How Turing makes money
Turing sells to AI labs and to large companies. Its homepage says it powers frontier AI labs with datasets, RL environments and expert talent. It also helps Fortune 500 companies deploy AI agents.
Turing said its annual revenue run rate nearly tripled to $300M in 2024, a profitable year, in a January 2025 announcement. Its Series E was priced when the run rate stood at $167 million, per its press release.
In March 2025 Turing said it had two main business lines.
- Turing AGI Advancement works with AI labs to advance frontier model capabilities. Business Wire
- Turing Intelligence builds AI systems for Fortune 500 companies. Business Wire
- HUMAIN partnership. In March 2026 Turing and HUMAIN, a PIF company, announced a partnership to build an enterprise AI Agent Marketplace on HUMAIN ONE. Business Wire
Products
- Turing Frontier (April 9, 2026). A platform that gives AI labs access to "elite U.S. professionals across software engineering, STEM, and enterprise knowledge work." Business Wire
- ALAN. A fine-tuning platform for model evaluations, finetuning, reinforcement learning and agent development. Business Wire
- On-demand talent (general availability August 2019). On-demand team solutions followed in November 2022, and custom engineering solutions in March 2023. Turing
Customers
Turing's main customers are frontier AI labs. Reuters reported that Turing counts OpenAI, Google, Anthropic and Meta among its clients, as cited by Sacra.
In March 2025 Turing said its platform had grown to more than four million software engineers, data scientists and STEM experts (Business Wire).
Leadership
- Jonathan Siddharth, co-founder and CEO. He started Turing in 2018 with Vijay Krishnan, his partner at an earlier startup. Business Wire
- Vijay Krishnan, co-founder. Turing listed him as CTO in March 2025. Business Wire (Turing press release)
- Ece Kamar, Chief Technology Officer since September 2026. She spent 16 years at Microsoft, where she led the AI Frontiers Lab at Microsoft Research. Business Wire
- Robin Bordoli, President and Global Chief Revenue Officer since July 2026. Business Wire
- Patrick McKinney, Chief Information Security Officer since September 2026. Business Wire
Who owns Turing?
Its founders, staff and investors. As a private company it doesn't publish who holds what, and no parent company or acquirer has been reported.
The March 2025 Series E brought its total funding to $225 million since its founding in 2018, according to Business Wire.
- Khazanah Nasional Berhad, Malaysia's sovereign wealth fund, led the March 2025 Series E. Business Wire (Turing press release)
- WestBridge Capital led the Series B in December 2020 and the Series D in December 2021. Business Wire (Turing press release)
- Foundation Capital led the seed round and joined later rounds. Business Wire (Turing press release)
- StepStone Group joined the Series D as a new investor. Pulse 2.0
- Sozo Ventures, UpHonest Capital, AltaIR Capital, Amino Capital and Plug and Play were among the firms that joined the Series E. Business Wire (Turing press release)
Competitors
Turing competes for AI lab work on training data and expert talent. TechCrunch reported in September 2025 that Mercor faces competition from Surge AI, Turing and Scale AI.
- Mercor, which TechCrunch reported counts Turing among its rivals. TechCrunch
- Surge AI, named by TechCrunch alongside Turing as a Mercor competitor. TechCrunch
- Scale AI, a data labeling firm that TechCrunch said is expanding into RL services. TechCrunch
- Toptal, Andela, Upwork, Deel and Remote, named by Sacra as competitors. Sacra
- Globant, EPAM and Cognizant, which Sacra calls increasingly direct competitors in larger accounts. Sacra
Timeline and latest news
From its founding to the latest reports, newest first.
- Sep 9, 2026Latest
Patrick McKinney joined as Chief Information Security Officer. Business Wire - Sep 1, 2026Latest
Ece Kamar was named Chief Technology Officer after 16 years at Microsoft. Business Wire - Jul 14, 2026Latest
Robin Bordoli joined as President and Global Chief Revenue Officer. Business Wire - Apr 9, 2026
Launched Turing Frontier, a platform connecting AI labs with U.S. experts. Business Wire - Mar 26, 2026
Announced a partnership with HUMAIN to build an enterprise AI Agent Marketplace. Business Wire - Dec 2025
Sacra estimates annualized revenue reached $350M by year end. Sacra - Mar 6, 2025
Raised $111 million in a Series E at a $2.2 billion valuation, led by Khazanah Nasional Berhad. Business Wire (Turing press release) - Jan 28, 2025
Said its run rate nearly tripled to $300M in a profitable 2024. Turing - Dec 20, 2021
Raised an $87 million Series D at a $1.1 billion valuation, led by WestBridge Capital. Pulse 2.0 - Dec 2020
Raised a $32 million Series B led by WestBridge Capital. Turing blog - Aug 2019
Its on-demand talent solutions reached general availability. Turing - Mar 2018
Founded by Jonathan Siddharth and Vijay Krishnan. Turing
Questions people ask
Is Turing a public company? Can I buy Turing stock?
No. Turing is private and has no ticker, so its shares aren't sold on any exchange.
When will Turing IPO?
Turing hasn't announced plans to go public, and no filing has been reported.
Who owns Turing?
Its founders, staff and investors, including Khazanah Nasional Berhad, WestBridge Capital and Foundation Capital. Stakes haven't been disclosed.
Who is the CEO of Turing?
Jonathan Siddharth, who co-founded the company in 2018.
Who founded Turing?
Jonathan Siddharth and Vijay Krishnan, in March 2018. They had worked together at an earlier startup.
How much is Turing worth?
$2.2 billion at its Series E in March 2025, according to Turing's announcement. No later priced round has been reported.
How much revenue does Turing make?
Sacra estimates $350M in annualized revenue at the end of 2025, up about 17% from a year earlier. Turing said its run rate reached $300M in 2024.
Is Turing profitable?
Turing said 2024 was a profitable year. Jonathan Siddharth told TechCrunch in March 2025 it had been profitable for about a year.
How does Turing make money?
It sells datasets, RL environments and expert talent to AI labs, and helps Fortune 500 companies deploy AI agents.
Who are Turing's competitors?
Mercor, Surge AI and Scale AI in AI training data, plus firms like Toptal, Upwork, Globant and Cognizant, per Sacra.
People on Real Alpha
- Jonathan Siddharth, Co-founder & CEO, Turing
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How this page is sourced
Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it. Spotted something that's off? .
Last checked Nov 8, 2026