iTuring.ai Raises $5 Mn in Series A Round Led by Dallas Venture Capital and Mela Ventures

The new capital infusion will fuel expansion to the US market, continue product innovation andexpanding the Product & Sales teams

July 23, 2025: iTuring.ai, previously branded as CyborgIntell, an enterprise-grade AI/ML platformfor the Banking, Financial Services & Insurance (BFSI) sector, has raised $5 million in Series A funding led by Dallas Venture Capital (DVC) and Mela Ventures. The investment will acceleratethe rollout of iTuring.ai’s proprietary, zero-code platform, which enables banks and insurers toautomate every stage in the deployment of data science and machine learning.

The platform addresses the sector’s complexity by integrating advanced automation for datapreparation, feature engineering, model development, deployment, and ongoing monitoring - allwithin a unified environment that meets the sector’s demanding regulatory and auditrequirements. The company delivers its AI/ML platform to clients across India, South Africa, andthe United States. In the U.S., it has established a strategic partnership with one of the world’sleading payment platforms, enabling them to drive customer revenue growth and realizesignificant cost savings

DVC Advantage Program will connect iTuring.ai to a global network of advisors, partners, andnew market opportunities, while Mela Ventures brings deep enterprise expertise and hands-onguidance in scaling operations and business development. Together, these partnerships are setto amplify iTuring.ai’s proven impact, accelerating innovation and expanding the reach of itscompliant, explainable AI solutions across the financial sector.

Speaking on this, Gokul Dixit, Partner, Dallas Venture Capital shared, “At Dallas Venture Capital,we are inspired by founders who marry deep domain expertise with the vision to re-imagine howsoftware is built and consumed. The iTuring.ai team is doing exactly that—compressing monthsof data-science effort into hours. They are doing it through a true no-code, enterprise-gradeAutoML and decision-AI platform. We believe this ‘AI-as-a-decision-fabric’ theme will define thenext decade of enterprise software and we are thrilled to partner with iTuring. Through the DVCadvantage program, we aim to assist them accelerate their global expansion and help everyenterprise turn data into trusted decisions in real time.”

“At Mela, we believe some of the most valuable AI companies of the next decade woulddifferentiate themselves on vertical specialization, being deeply embedded in workflows, solvinghigh-impact & domain-specific problems. The BFSI sector’s complexity, regulatory intensity, anddata richness make it the perfect proving ground for domain-trained AI systems. Powered by AI-ML, the iTuring platform provides a secure, scalable data infrastructure layer for the BFSI sector.,”added Parthasarathy NS, Managing Partner at Mela Ventures.

The new capital will be directed towards advanced product development, expansion of the USteam, and scaling the platform’s autonomous AI capabilities for mission-critical BFSI applications.

“Our vision from day one was to empower financial institutions to automate the full lifecycle ofAI model development, deployment, and governance with a transparent, explainable, and auditready solution,” said Suman Singh, Founder & CEO of iTuring.ai. “This funding allows us toaccelerate our mission and bring AI-driven ROI to our clients faster. We are now focused onbuilding autonomous, agentic AI to solve last-mile challenges in customer acquisition, collections,underwriting, and fraud prevention.”

iTuring.ai clients in the BFSI sector have reported rapid project delivery and significant reductionsin manual effort, with measurable gains in predictive performance. With this new investment,iTuring.ai will not only benefit from additional capital but will also leverage the strategic supportof Dallas Venture Capital and Mela Ventures.

About Dallas Venture Capital

DVC is a Dallas TX, US and Hyderabad, India based venture capital firm investing in Enterprisesoftware product startups. In addition to providing capital and financing needs, our investmentphilosophy centers around guiding business development, product, and technology strategy forour portfolio companies through the ‘DVC Advantage’ program to achieve successful outcomes.Operating from both the US and India, DVC creates a bridge that connects two of the largeststart-up ecosystems in the world. DVC is co-founded by Dayakar Puskoor, a pioneering Dallasbased venture capitalist with a record of investments in 40+ companies.

For more information on DVC, please visit www.dallasvc.com

About Mela Venture

Mela Ventures Trust is a SEBI-approved AIF Category-2 fund for early-stage companies. With agoal to build next-gen entrepreneurs, the fund focuses on building a portfolio in areas, such asEnterprise Tech and AI, Climate Tech, and Deep Technologies. Mela Ventures was founded byIndustry veterans, Krishnakumar Natarajan and Parthasarathy NS who have co-foundedMindtree and taken it from a startup to a multi-billion-dollar revenue enterprise. For moreinformation, visit https://www.melaventures.in/

About iTuring.ai

iTuring.ai is a zero-code enterprise AI software company focused on the BFSI sector. Our nextgeneration AI platform streamlines the entire lifecycle of data science and machine learning,enabling organizations to rapidly develop, deploy, manage, govern, and operationalize AIapplications at scale—ethically and responsibly. iTuring.ai is built to deliver transparency,accountability, compliance, and reliability across every phase of model development,deployment, and operation.

iTuring.ai is founded by Suman Singh, Amit Kumar, Mohammed Nawas & Srivalsan Ponnachath.For more information, visit www.ituring.ai.