Why We Invest in Turing.ai
Talent recruitment has been key for fast growing companies as all industries are undergoing a digital transformation. With Turing.ai, team leaders can now source Silicon-Valley-caliber software developers through its AI-powered planetary pool globally. In the post-COVID era, we believe AI and Big Data will continue to accelerate talent engagement in a remote-first hybrid world.
With a vision to ‘spin up the engineering dream team’ for anyone, Turing is one of the pioneers in harnessing the power of AI for automatic remote hiring and HR management. After five years of growth in platform scaling and customer success, Turing is now officially a Unicorn, proudly joining the elite #BillionDollarClub in service of greater market value-creation.
Remote-hiring is in great demand right now, especially during the Pandemic. As the pandemic causes serious local labor shortages across developed countries, there is an increasing demand for high-tech workers who can work remotely from other regions and even other countries.
From a technical point of view, Turing has access to millions of top talents around the world. It not only helps companies fill their needs, but also helps manage their hires. Therefore, it has huge amounts of data about talent distributions, skill requirements, salaries and technology trends.
Vast amounts of data, coupled with Turing’s AI tools, will enable Turing to best serve its clients and the developers. Even tech giants in Silicon Valley have not developed an insightful tracking platform for each engineer, driven by data. Therefore, what Turing has been developing would be very admirable and one of a kind.
No doubt a great company roots out from a founder of exceptional vision and ambition. Turing’s founder and CEO Jonathan Siddharth is a successful second-time entrepreneur and has also been a senior executive running a large organization. With his international and multicultural background, Jonathan is the best possible person capable of growing the business in this field.
We first got to know Jonathan and the founding team at a Stanford startup roadshow, where we were both mentors. We admired how Jonathan and his team started their first startup, Rover App, in 2008 with a grand vision of Machine Learning for Deep Personalization to discover content they really enjoyed.
The founders have built startup teams and products from scratch, and have experienced acquisitions and transitions into senior leadership roles in big companies. Now they have the best management team, extraordinary growth rates, and real products and business models their customers really want.
We believe that becoming a Unicorn is just “the beginning of Turing’s scaling up”.
In fact, the world’s most prestigious companies like Johnson & Johnson, Coinbase and Disney, are already relying on Turing to access Silicon-Valley-caliber talents around the world to elevate new product excellency.
AMINO has had the fortune of growing 13 unicorns in our portfolio, and we are excited to have Turing join the club. With its advanced AI screening technology and a rigorous interview process that further amplifies positive network effects, we believe Turing will continue to lead the global revolution of talent engagement, making it very difficult for other players to enter in the foreseeable, remote-first future.
AMINO Capital is an early stage venture firm based in Palo Alto, focusing on frontier-tech investments in big data and artificial intelligence. To date, Amino has funded over 200 companies mostly in seed and Series A, including 21 successful exits, 13 unicorns, and over 22 startups joining the ‘ $100 million club’. Some of Amino’s portfolio include Chime Bank, Webflow, Rippling, Weee, Oasis Labs, Headspin, Wyze, Avail MedSystems, Grail (acquired by Illumina), Orbeus (acquired by Amazon), Ozlo (acquired by Facebook), GrokStyle(acquired by Facebook), Assemblage (acquired by Cisco), Woomoo (acquired by Priceline), Contastic (acquired by SugarCRM), Mobike (acquired by Meituan), Evertoon (Acquired by Niantic | PokemonGo), Yiqixie (Acquired by Kuaishou), Dataform (acquired by Google) , et al.
