Already have an account? Sign In
Turing, founded in 2018 and headquartered in Palo Alto, California, is a technology company that operates an AI-enabled platform matching businesses with vetted remote developers and teams. The company offers services ranging from staff augmentation to fully managed services, primarily serving businesses in need of engineering talent.
Since its inception, Turing has demonstrated significant growth, raising a total of $214.7 million across multiple funding rounds. The company's most recent valuation, as of 2021, stood at $1.1 billion, marking its entry into unicorn status. Turing's impressive Mosaic Score of 805 out of 1000, with particularly strong performance in the 'money' category (904), suggests a solid financial foundation and market potential.
While there is currently no official news regarding Turing's IPO prospects, the company's rapid growth and substantial funding could potentially position it for future public market considerations. However, it's important to note that any discussions about a potential Turing IPO remain speculative at this point.
Factors that may influence Turing's future IPO decisions could include market conditions in the tech sector, the company's financial performance, and its strategic growth plans. The company operates in the competitive Internet Software & Services industry, with notable competitors such as Andela and Toptal, which may also impact its market positioning and potential IPO timing.
Investors interested in the potential opportunity to invest in Turing stock should keep an eye on official announcements from the company regarding any plans to go public. As always, it's crucial to conduct thorough research and consider various factors before making investment decisions.
Already have an account? Sign In
While Turing's IPO prospects remain uncertain, investors eager to gain exposure to innovative AI and tech companies don't have to wait. At Linqto, we offer members access to interests in promising pre-IPO private companies like Turing, potentially allowing you to benefit from their growth before they go public. Our platform provides opportunities to diversify your portfolio with lower minimum investments in emerging industry leaders, including those in the AI and software development sectors.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.