Stanford-StartX Fund has backed Turing.com in a series B round that boosted the software developer sourcing platform’s overall funding to at least $46m.
Turing.com, a US-based remote software developer hiring marketplace, has raised $32m in a series B round featuring Stanford-StartX Fund, the VC unit aligned to Stanford University’s StartX accelerator.
Investment firm WestBridge Capital led the round, which also included Foundation Capital, Altair Capital, Mindset Ventures, Frontier Ventures, 500 Startups Vietnam, Gaingels and Founders Fund.
Chapter One Ventures also took part, as did Plug and Play Tech Ventures, UpHonest Capital, Ideas & Capital, Canvas Ventures, B Capital, Peak State Ventures, Amino Capital, Spike Ventures, Brainstorm Ventures, Visary Capital and various angel investors.
Founded in 2018, Turing runs a machine learning-equipped recruitment marketplace where employers can quickly source vetted software engineers from hotspots such as Silicon Valley.
The product is intended to let companies hire top-tier software developers to work remotely, extending the available talent pool.
Turing will use the series B capital to refine its platform and increase internal headcount in areas such as engineering, sales and marketing.
Foundation Capital led a $14m seed round for the company in August 2020 that included assorted angel investors, however details of its series A round could not be ascertained.
Vijay Krishnan, co-founder and chief technology officer at Turing, said: “Data Science also makes our vetting more efficient by optimising the automated vetting engine for information-gain per unit of time.
“Facebook and Google built amazing businesses by building deep user profiles. Turing builds deep developer profiles.”