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Postmates VP Akshay Thakor Joins Turing s Executive Team & Uber s Former Chief Product Officer Manik Gupta joins as Investor & Advisor
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How To Be A Multi-Threaded CEO, Part One: Raising Capital
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ChromaCode has been named a finalist in the XPRIZE Rapid Covid Testing Competition, which aims to increase testing capabilities & accelerate the development of high-quality testing that is low cost, easy to use & quick reporting.
Turing is pleased to announce that it is expanding its Board of Directors, adding Ashu Garg, General Partner at Foundation Capital, and Sumir Chadha, Co-founder and Managing Director at WestBridge Capital. The move comes after Turing’s recent announcement of its $32 million Series B funding round led by WestBridge Capital, which has a $3.3 billion fund, and including Foundation Capital, which led Turing’s earlier round. To date, Turing has raised nearly $50 million in venture funding.
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PALO ALTO, Calif., Dec. 10, 2020 /PRNewswire/
Turing.com, an automated platform that lets companies hire Silicon Valley caliber remote developers at the touch of a button, announced today a $32-million Series B funding round led by $3.3-billion fund WestBridge Capital. The round includes a number of high-profile investors, such as Foundation Capital, which led Turing s seed round. Altair Capital, Mindset Ventures, Frontier Ventures, and Gaingels also participated in the Series B round, which was heavily oversubscribed.
Driven by the massive global shift to remote work, Turing taps into a global pool of developers to help companies hire in markets such as the San Francisco Bay Area, aka Silicon Valley and New York, where it is difficult and expensive to hire and retain top software engineers. Turing rigorously vets developers for a Silicon Valley bar.
Turing nabs $32M more for an AI-based platform to source and manage engineers remotely
As remote work continues to solidify its place as a critical aspect of how businesses exist these days, a startup that has built a platform to help companies source and bring on one specific category of remote employees engineers is taking on some more funding to meet demand.
Turing which has built an AI-based platform to help evaluate prospective, but far-flung, engineers, bring them together into remote teams, then manage them for the company has picked up $32 million in a Series B round of funding led by WestBridge Capital. Its plan is as ambitious as the world it is addressing is wide: an AI platform to help define the future of how companies source IT talent to grow.
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