iTuring.ai has secured $5 million in Series A funding led by Dallas Venture Capital and Mela Ventures to enhance its AI/ML platform for the BFSI sector and expand its presence in the U.S. market.

Information on the Target

iTuring.ai, formerly known as CyborgIntell, is an enterprise-grade artificial intelligence and machine learning (AI/ML) platform tailored for the Banking, Financial Services, and Insurance (BFSI) sector. Recently, the company secured $5 million in Series A funding led by Dallas Venture Capital (DVC) and Mela Ventures. The funding will support the implementation of iTuring.ai’s proprietary zero-code platform, designed to empower banks and insurers by automating the complete lifecycle of data science and machine learning deployment.

The platform simplifies the intricate processes in the BFSI sector by incorporating advanced automation features for data preparation, feature engineering, model development, deployment, and continuous monitoring, all within a compliant environment that addresses stringent regulatory and audit demands. Currently, iTuring.ai provides its services across India, South Africa, and the United States, where it has formed a strategic partnership with a leading payment platform to enhance customer revenue growth while realizing substantial cost benefits.

Industry Overview in the Target's Specific Country

The BFSI industry is undergoing rapid transformation, driven by the increasing adoption of digital technologies and the urgent need for enhanced customer experiences. In the United States, the sector faces growing challenges