Image Source: Inc24
iTuring.ai, a Bengaluru and US-based enterprise AI startup, has raised $5 million in a Series A funding round led by Dallas Venture Capital (DVC) along with participation from Mela Ventures. This fresh infusion of capital will accelerate the development and global rollout of iTuring’s autonomous, zero-code AI platform specifically designed for the banking, financial services, and insurance (BFSI) sector.
Key Highlights: Revolutionary AI for Financial Services
Founded by Suman Singh, Mohammed Nawas, and Amit Kumar, iTuring.ai offers an end-to-end no-code AI/ML platform that automates the complete data science lifecycle including data preparation, feature engineering, model building, deployment, and ongoing monitoring—all within a single integrated environment.
The platform emphasizes transparency, explainability, and audit-readiness to comply with BFSI’s strict regulatory and governance norms, thereby easing AI adoption in risk-sensitive applications such as underwriting, fraud prevention, customer acquisition, and collections.
With the latest funding, iTuring aims to deepen its autonomous AI capabilities and expand its US-based team, building scalable solutions that compress months of manual data science work into hours.
iTuring.ai currently serves clients across India, South Africa, and the United States, including a strategic partnership with a global payments platform in the US market.
Investors at Dallas Venture Capital see iTuring as pioneering the future of enterprise software, positioning AI as an embedded "decision fabric" that transforms operational efficiency in BFSI.
Mela Ventures highlighted the BFSI sector’s complex data and regulatory environment as an ideal proving ground for iTuring’s domain-trained AI systems, which provide secure, scalable, and compliant infrastructure.
Outlook: Driving AI-Enabled Transformation in BFSI
iTuring.ai’s zero-code approach lowers barriers for financial institutions to innovate with AI, fostering faster ROI and operational robustness. The platform’s regulatory alignment and autonomous capabilities are set to accelerate AI integration across BFSI workflows, signaling a broader digital transformation in financial services globally.
Sources: YourStory, Inc42, StartupNews, StartupRise
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