Turing Labs

Subscription-based software solutions for businesses

New York City, New York, United States

About Turing Labs

Turing Labs provides software solutions aimed at improving business operations for small to medium-sized enterprises (SMEs) and large corporations. Their products are offered through a subscription model, allowing clients to access a suite of applications designed to enhance productivity and efficiency. Clients pay an annual fee, which helps them manage their budgets effectively while ensuring a steady revenue stream for Turing Labs. The company offers various subscription tiers to accommodate different business sizes and needs, from basic packages for smaller companies to more comprehensive solutions for larger enterprises. This flexibility in their offerings sets Turing Labs apart from competitors, as they cater to a wide range of clients. The main goal of Turing Labs is to optimize business operations through their software, making it easier for companies to achieve their productivity objectives.

New York City, New YorkHeadquarters
2019Year Founded
$17.9MTotal Funding
SERIES_ACompany Stage
Consumer Software, Enterprise SoftwareIndustries
11-50Employees

Risks

Emerging AI-driven SaaS platforms could erode Turing Labs' market share.
Technological advancements may increase operational costs for continuous software updates.
Economic downturns could impact subscription renewals and new client acquisitions.

Differentiation

Turing Labs uses AI to enhance product development for consumer goods companies.
The platform offers scalable SaaS solutions tailored for SMEs and large corporations.
Turing Labs focuses on reducing time-to-market with AI-driven product formulation.

Upsides

AI-driven product development is gaining popularity in the consumer goods sector.
The SaaS market for consumer goods is expected to grow by 20% annually.
Remote work trends boost demand for digital collaboration tools, complementing Turing Labs' offerings.

Funding

Total raised$17.90 M
Latest valuation$82.50 M
StageSERIES_A
SEED
6/30/2020
$2
$8.75 M