Bengaluru-based AI startup iTuring.AI has secured $5 Mn (approx. ₹43.2 Cr) in a Series A funding round led by Dallas Venture Capital (DVC) and Mela Ventures. The investment comes as interest continues to surge in Indian AI startups across early and growth stages.
The company, formerly known as CyborgIntell, said the funds will be deployed to accelerate the rollout of its proprietary zero-code AI/ML platform tailored for the banking, financial services, and insurance (BFSI) sector. The platform enables financial institutions to automate the end-to-end journey of deploying data science and machine learning models.
In addition to platform expansion, the funding will support product development, enhance the company’s US operations, and boost its focus on building autonomous AI systems.
“This funding allows us to accelerate our mission and bring AI-driven ROI to our clients faster. We are now focused on building autonomous, agentic AI to solve last-mile challenges in customer acquisition, collections, underwriting, and fraud prevention,” said Suman Singh, founder and CEO of iTuring.AI.
Founded in 2018 by Singh, Amit Kumar, Mohammed Nawas, and Srivalsan Ponnachath, the SaaS company helps BFSI clients drive faster and more accurate decision-making using its no-code DSML (domain-specific modeling language) platform.
iTuring.AI’s flagship solution automates the full data science lifecycle—from development and deployment to operationalisation and risk management. The company claims to have processed over 170 TB of data and built more than 37,500 models to date.
Its clientele includes names such as Reliance, LoanTap, Aadhar Housing Finance, and Bharti AXA, with operations spanning India, the US, and South Africa.
Prior to this round, the startup had raised slightly over $1 Mn across two earlier rounds. The latest investment follows a wave of funding activity in the AI space, with other startups like Trupeer, QPi.Ai, Grexa AI, and Kluisz.ai also announcing fundraises recently.
A recent investor survey conducted highlighted that over 50% of the 80+ respondents were actively exploring investments in early-stage AI ventures in the latter half of 2025.
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