PALO ALTO, Calif.--()--Turing today announced it achieved profitability in 2024 on $300 million in annual revenue runrate (ARR), which is nearly triple the prior year and solidifies its status as one of the world's fastest growing AGI infrastructure companies. Turing’s customer base includes the world’s leading AI labs and Fortune 500 companies across a broad range of verticals including high tech, banking & financial services, retail, and healthcare.

To build on this growth, Turing is advancing its capabilities to evaluate frontier models and improve model performance for thinking, advanced reasoning, coding, math, STEM and other forms of frontier knowledge. The company also is helping enterprises unlock the full capability of these models by building powerful AI systems and applications on top of these models to automate and augment a variety of business workflows. Turing recently added to its world class leadership roster to support this expansion.

“We’ve gone from $100 to $300 million in ARR in a single year, and we hit profitability,” said Jonathan Siddharth, Turing’s Founder and CEO. “2025 is the year of Agents, Advanced Reasoning and Multi-modality. Powerful AGI models need a massive amount of data to keep the scaling laws going and coding data is particularly key for AGI since coding and math are foundational for reasoning.” Siddharth continued, “Turing’s infrastructure includes the world’s largest human intelligence platform of 4 million+ developers, data scientists, STEM and Math professionals.”

Turing has two main business lines: Turing AGI Advancement, which works with the leading AI labs to advance frontier model capabilities in thinking, reasoning, coding, agentic behavior, multimodality, STEM and frontier knowledge; and Turing Intelligence, which leverages learnings from advancing frontier AGI to build real-world AI systems that solve mission-critical priorities for Fortune 500 Companies and government institutions.

Turing AGI Advancement has significantly expanded its LLM training capabilities and offers comprehensive model performance improvements across coding, advanced reasoning, multimodal reasoning, mathematics, STEM etc across public benchmarks and private evals. To support this growth, the company is deepening its talent pool with domain-specific experts, that include STEM PhDs, functional experts in sales, marketing, finance etc. and vertical experts across industries.

With Turing Intelligence, the company delivered transformative AI applications across industries including banking and financial services, retail, food & beverages, and healthcare. In healthcare, the company's predictive models cut supply chain costs by 15 percent, and in one case saved more than 5,500 hours annually per site in medical tray validation. A breakthrough in crystal analysis for the pharmaceutical industry reduced discovery time from more than 250 hours to just 2-3 hours. And in the financial sector, Turing improved chatbot response times by 40 percent while trimming costs by 30 percent.

Turing has added to its leadership team to prepare for growth in 2025: In December 2024, the company welcomed Google’s former VP of Legal, Catherine Lacavera, as its first Chief Legal Officer; it brought on former LinkedIn executive, James Raybould, as Head of Turing Intelligence; and promoted Sudarshan Sivaraman, a go-to market veteran previously with global business and technology consulting firm Capgemini, as Head of Turing AGI Advancement.

“Our vision with Turing Intelligence is to help enterprises and governments be AI-forward in everything they do, amplifying the productivity of humans and unleashing their fullest potential which is core to our mission,” said James Raybould, Turing’s newly appointed Head of Turing Intelligence. “AI use cases will continue to surge in coming years and decades, and Turing will be there every step of the way with our customers, providing critical infrastructure as we push the boundaries of the technology to the benefit of humanity.”

About Turing

Based in Palo Alto, California, Turing is the world's fastest-growing AGI infrastructure company accelerating the advancement and deployment of powerful AI systems. Turing has two main business lines: Turing AGI Advancement, which works with the world’s leading AI labs to advance frontier model capabilities in thinking, reasoning, coding, agentic behavior, multimodality, STEM and frontier knowledge; and Turing Intelligence, which leverages learnings from advancing frontier AGI to build real-world AI systems that solve mission-critical priorities for Fortune 500 Companies and high-growth startups.

Turing has received numerous awards, including Forbes's "One of America's Best Startup Employers," #1 on The Information's annual list of "Most Promising B2B Companies," and Fast Company's annual list of the "World's Most Innovative Companies." Turing's most recent private fundraising round in 2021 was oversubscribed and valued the company at $1.1 billion. Turing's leadership team includes AI technologists from industry giants Meta, Google, Microsoft, Apple, Amazon, Twitter, McKinsey, Bain, Stanford, Caltech, and MIT. For more information on Turing, visit www.turing.com. For information on upcoming Turing AGI Icons events, visit go.turing.com/agi-icons.