Bengaluru-based enterprise AI startup iTuring.ai has secured USD 5 million in Series A funding to help banks and financial firms embrace AI faster. The round was led by Dallas Venture Capital and Mela Ventures, following an earlier investment of USD 1.19 million from SenseAI and Pentathlon Ventures, supported by Ghosal Ventures.
Founded in 2018 by Suman Singh, Amit Kumar, Mohammed Nawas, and Srivalsan Ponnachath, iTuring.ai focuses on building AI solutions tailored for the banking, financial services, and insurance (BFSI) sector. Its goal is to make AI adoption easier, quicker, and more compliant.
Offers Zero-Code Solution
The company’s core product is a proprietary, zero-code platform that allows financial institutions to automate every stage of data science and machine learning, from data preparation and model development to deployment and monitoring. The platform is designed to meet strict industry regulations while improving efficiency.
“Our vision from day one was to empower financial institutions to automate the full lifecycle of AI model development, deployment, and governance with a transparent, explainable, and audit-ready solution,” said Suman Singh, founder and CEO of iTuring.ai.
Supports Global Clients
iTuring.ai already serves clients in India, South Africa, and the United States. In the US, it has formed a strategic alliance with a major global payment platform, helping financial firms cut operational costs and grow revenue.
Clients using iTuring.ai’s platform report faster project delivery, reduced manual effort, and better predictive accuracy. These results highlight the platform’s role in simplifying complex AI workflows and helping companies stay compliant.
Plans Future Growth
The newly raised funds will help iTuring.ai speed up its platform rollout, hire talent, and deepen its presence in existing and new markets. The company aims to become a trusted partner for financial institutions looking to make AI part of everyday operations.
By focusing on AI for financial services, iTuring.ai shows how advanced technology can solve real industry challenges, making AI development not just faster but also safer and easier to manage.
