iTuring.ai Secures $5 Mn in Series A Funding to Scale Zero-Code AI Platform

iTuring.ai, an enterprise-grade AI/ML platform focused on the Banking, Financial Services & Insurance (BFSI) sector, has raised $5 million in a Series A funding round led by Dallas Venture Capital (DVC) and Mela Ventures. This follows a prior raise of $1.19 million co-led by SenseAI and Pentathlon Ventures, along with Ghosal Ventures, as part of the same round.

The newly infused capital will be used to accelerate the rollout of iTuring’s proprietary zero-code platform, which allows banks and insurers to automate the entire AI/ML lifecycle — from model development and deployment to governance and monitoring — without writing a single line of code.

Founded in 2018 by Suman Singh, Amit Kumar, Mohammed Nawas, and Srivalsan Ponnachath, iTuring.ai enables BFSI institutions to build and scale AI applications with transparency, compliance, and audit-readiness — critical requirements in the highly regulated financial sector.

“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 & CEO of iTuring.ai.

The platform brings advanced automation to tasks like data preparation, feature engineering, and model monitoring, helping clients drastically reduce manual effort, accelerate project timelines, and boost predictive performance.

iTuring currently serves clients across India, South Africa, and the United States, where it has formed a strategic partnership with a major global payment platform. This collaboration has helped clients drive customer growth and realize significant cost savings.

With this funding, iTuring aims to deepen its global footprint and expand its role as a key AI enabler in the BFSI landscape.

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