Turing, a key coding provider for OpenAI and other LLM producers, raises $111M at a $2.2B valuation

image via TechCrunch

March 6, 2025, 2:00 PM

• •Turing, which works with armies of engineers to contribute code to AI projects, has picked up a Series E of $111 million
• •The company says it works with some 4 million coders around the world
• •Turing’s turn as a major partner to AI companies was not how the company got its start

Turing, which works with armies of engineers to contribute code to AI projects, has picked up a Series E of $111 million, doubling its valuation in the process to $2.2 billion. Turing makes around $167 million in ARR (annualized revenue run rate), and it has been profitable for around a year, CEO Jonathan Siddharth said in an interview with TechCrunch. So the plan will be to use the funding to double down on expanding its business to more customers and to more use cases. Turing today says that it works with some 4 million coders around the world. The actual number of Turing employees is much smaller: it’s a figure in the hundreds, one of its investors said.

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