TurinTech secures £1m in seed funding led by IQ Capital to expand its engineering team and develop its optimisation platform.
The University College London spin out raised the capital from IQ Capital to scale its artificial intelligence software optimisation suite.
TurinTech applies artificial intelligence to optimise and evolve generic software through an automated platform. The company emerged as a spin out from University College London.
University College London spin out TurinTech has secured £1m in a seed funding round led by IQ Capital. The capital will be deployed to expand the data science team and advance the development of the firm optimisation suite. TurinTech provides technology that allows developers and engineers to autonomously evolve software systems, with applications spanning algorithmic trading and other sectors.
From the founder
"We are at the precipice of automated optimisation and TurinTech.ai is well-positioned for clients who wish to increase profitability and reduce costs. Our research has prompted interest in our commercial product from big tech companies, a multinational FMCG, fintechs, other startups and hedge funds to name a few."
Leslie Kanthan
CEO and cofounder at TurinTech
Investor perspective
"TurinTech.ai is one of the most promising startups to spin out of UCL that we’ve seen in recent years. The technology they are developing comes directly from the team’s years of niche research and experience in machine learning and software optimisation."
Rick Hao
principal, IQ Capital
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
TurinTech
TurinTech provides an artificial intelligence platform that automates and optimises software development.