techcrunch.com
Open in
urlscan Pro
2001:4998:124:1704::5000
Public Scan
Submitted URL: https://is.turing.com/home/index/638e3a0acea0b43e6944c3a2/adNAW5iDvbzo4JRk6r5APoOCVIAHsA5Tmv6A3oCaNwxMfsBie8urdqDrxbMg...
Effective URL: https://techcrunch.com/2021/12/20/turing-books-87m-at-a-1-1b-valuation-to-help-source-hire-and-manage-engineers-remotel...
Submission: On December 05 via manual from US — Scanned from US
Effective URL: https://techcrunch.com/2021/12/20/turing-books-87m-at-a-1-1b-valuation-to-help-source-hire-and-manage-engineers-remotel...
Submission: On December 05 via manual from US — Scanned from US
Form analysis 1 forms found in the DOM
<form action="" class="form newsletter-form" id="">
<div class="form-field form-field--checkbox form-field--default form-field--required">
<div class="form-field__checkbox-wrapper " id="wrapper-Readership"><input class="form-field__input form-field__input--checkbox " id="checkbox-Readership" name="newsletters" type="checkbox" value="Readership"><label class="checkbox-field-label"
for="checkbox-Readership">Daily</label></div>
<div class="form-field__checkbox-wrapper " id="wrapper-Readership-wkend"><input class="form-field__input form-field__input--checkbox " id="checkbox-Readership-wkend" name="newsletters" type="checkbox" value="Readership-wkend"><label
class="checkbox-field-label" for="checkbox-Readership-wkend">Week in Review</label></div>
<div class="form-field__checkbox-wrapper " id="wrapper-Readership-startups"><input class="form-field__input form-field__input--checkbox " id="checkbox-Readership-startups" name="newsletters" type="checkbox" value="Readership-startups"><label
class="checkbox-field-label" for="checkbox-Readership-startups">Startups Weekly</label></div>
<div class="form-field__checkbox-wrapper " id="wrapper-Readership-event-updates"><input class="form-field__input form-field__input--checkbox " id="checkbox-Readership-event-updates" name="newsletters" type="checkbox"
value="Readership-event-updates"><label class="checkbox-field-label" for="checkbox-Readership-event-updates">Event Updates</label></div>
<div class="form-field__checkbox-wrapper " id="wrapper-Readership-sponsorship"><input class="form-field__input form-field__input--checkbox " id="checkbox-Readership-sponsorship" name="newsletters" type="checkbox"
value="Readership-sponsorship"><label class="checkbox-field-label" for="checkbox-Readership-sponsorship">Advertising Updates</label></div>
<div class="form-field__checkbox-wrapper wrapper-ec" id="wrapper-Extra Crunch Announcements"><input class="form-field__input form-field__input--checkbox checkbox-ec" id="checkbox-Extra Crunch Announcements" name="newsletters" type="checkbox"
value="Extra Crunch Announcements"><label class="checkbox-field-label" for="checkbox-Extra Crunch Announcements">TechCrunch+ Announcements</label></div>
<div class="form-field__checkbox-wrapper wrapper-ec" id="wrapper-Extra Crunch Events"><input class="form-field__input form-field__input--checkbox checkbox-ec" id="checkbox-Extra Crunch Events" name="newsletters" type="checkbox"
value="Extra Crunch Events"><label class="checkbox-field-label" for="checkbox-Extra Crunch Events">TechCrunch+ Events</label></div>
<div class="form-field__checkbox-wrapper wrapper-ec" id="wrapper-Extra Crunch Daily Newsletter"><input class="form-field__input form-field__input--checkbox checkbox-ec" id="checkbox-Extra Crunch Daily Newsletter" name="newsletters"
type="checkbox" value="Extra Crunch Daily Newsletter"><label class="checkbox-field-label" for="checkbox-Extra Crunch Daily Newsletter">TechCrunch+ Roundup</label></div>
</div>
<fieldset class="form-field form-field--email form-field--default form-field--required"><input class="form-field__input form-field__input--email" name="email" type="email" required="" value=""><label class="form-field__label">Email</label>
</fieldset><button class="button button--black button--primary" disabled="">Subscribe</button>
</form>Text Content
TechCrunch Login Join TechCrunch+ Searchsearch * TechCrunch+ * Startups * Venture * Security * Crypto * Apps * Events * Advertise * More Close Screen twitter(opens in a new window)facebook(opens in a new window)linkedin(opens in a new window)reddit(opens in a new window)mail(opens in a new window)Copy Share Link Link CopiedLink Copied Enterprise TURING BOOKS $87M AT A $1.1B VALUATION TO HELP SOURCE, HIRE AND MANAGE ENGINEERS REMOTELY Ingrid Lunden@ingridlunden / Invalid DateTime• comment Comment cameraImage Credits: Busakorn Pongparnit / Getty Images When it comes to engineering talent in the world of tech, demand continues to outpace supply, a predicament so acute that by 2030, that disparity will balloon to 85 million positions being unfilled, according to research from Korn Ferry. Today, a startup that believes it can stem that tide with a more inclusive, global approach to sourcing, hiring and managing talent is announcing a big fundraise to continue building out its platform. Turing — which uses AI to source, evaluate, hire, onboard and then manage engineers remotely (including the HR and compliance aspects) in a bigger platform that it calls the “Talent Cloud” — has raised $87 million, a Series D round of financing that values the startup at $1.1 billion. WestBridge Capital is leading the round, with previous backer Foundation Capital, new investor StepStone Group, and AltaIR Capital, strategic backer HR Tech Investments LLC (an affiliate of Indeed), Brainstorm Ventures, Frontier Ventures, Modern Venture Partners and Plug and Play Scale Fund all also participating. The round was oversubscribed and so the company also opened up a SAFE note at a $4 billion valuation, which is now also oversubscribed. The funding comes on the back of strong growth for Turing. Demand from engineers in far-flung parts of the world who could not or did not want to relocate to work ramped up. Jonathan Siddharth, the founder and CEO, told me in an interview that the total pool of candidates has grown 9x to 1 million engineers and developers from 140 countries in the last year, with that pool either looking for projects or already engaged in them. (Note: Last year when the company announced $32 million in funding, it told me it had 180,000 developers on the platform.) It covers some 100 technologies and 15 job titles currently, ranging from entry-level roles all the way up to engineering directors and CTO candidates, he said. Popular requests are for full-stack engineers, those who specialize in front-end or back-end languages, and site reliability engineers. In the near future, Turing will expand into adjacent areas like project management, paving the way for an upcoming product where companies can engage entire teams on Turing, rather than individuals that are then potentially managed as teams. Demand is also scaling on the platform. Customers span from technology companies through to non-tech companies that still need engineers to help run and build different aspects of their businesses. They include Johnson & Johnson, Coinbase, Rivian, Dell, Disney, Plume and VillageMD. “We now live in a remote-first world and everyone is racing to reap the value of that,” Siddharth said. Turing was founded on some basic premises about hiring and remote work that have borne out in the current market climate, shifted and altered perhaps permanently by COVID-19. Before the pandemic, working remotely was occasionally accepted, but in many situations businesses actually built infrastructure not just to enable people to work together in office environments, but to encourage them to stay there for as many hours as possible, with free and excellent food at all hours, pool tables and other diversions, and even nap pods for when you did need a short kip. This not only played out in entrenched ideas about office culture, but also impacted recruitment and hiring overall: You relocated for your job, and the company and you had to go through a major visa process to do so. And more often than not you were required to relocate to specific tech hubs like the Bay Area. This meant major strain on regional infrastructure, rent and bigger social make-up of cities and towns. Now with COVID-19 totally changing the game, we’re collectively asking ourselves if all that was really necessary, in order to do work, and do it well. Turing plays on all of that with a platform that effectively is providing a resounding “no” to those questions. “Twitter, LinkedIn, Siemens, they are all going remote and the reasons are obvious,” he said. (Note: Tthose are not named customers, just examples of companies going remote.) “You can now tap into a planetary pool of engineers, and smart people are looking where others are not. Also now we have more proven success of distributed teams.” But that’s not to say that remote management is easy: You need to build pipelines of engineers, you need to figure out how to evaluate them and you need to stay communicated with them. Turing’s platform has been built, therefore, not just for sourcing but helping those at the company attain these other hard and soft skills. Most people come on board for fixed-term projects, Siddharth said, but some follow the path to taking on more extended, even permanent, roles at organizations. It’s not the only company addressing the talent gap. Fiverr, Upwork, LinkedIn and many others are also making it easier to find engineers wherever they might be, although what Turing has built covers more of the specialized end-to-end needs that arise around engaging them. (In that regard, it’s a little like Superside, which raised money for its designer and creative talent hiring and management platform last week.) “Turing’s ambitious vision of enabling fantastic opportunities for developers across the globe is inspiring,” said John Avirett, partner at StepStone Group, in a statement. “The Intelligent Talent Cloud truly is a remarkable way to democratize access and make lasting connections beyond inking the contract; they’re cultivating the process into long term career planning for the individual and the companies who use them.” “Turing is productizing every leg of a massive industry and has forever changed its face and perception going forward,” added Ashu Garg of Foundation Capital. More TechCrunch SEQUOIA INDIA BACKS PRISMFORCE TO HELP IT COMPANIES BUILD BETTER TALENT SUPPLY CHAINS WITH $3M NEW FUNDING, EGYPTIAN STARTUP ONEORDER SETS OUT ON GROWTH DRIVE ELON MUSK STEPS IN IT -- 'F#CK OFF IS MY VERY DIPLOMATIC REPLY TO YOU' HOW COMPANIES CAN SLASH BALLOONING SAAS COSTS close PLEASE LOGIN TO COMMENT Login / Create Account TECHCRUNCH SESSIONS: SPACE Los Angeles, CA December 6 Register Now SIGN UP FOR NEWSLETTERS See all newsletters(opens in a new window) Daily Week in Review Startups Weekly Event Updates Advertising Updates TechCrunch+ Announcements TechCrunch+ Events TechCrunch+ Roundup EmailSubscribe twitter(opens in a new window)facebook(opens in a new window)linkedin(opens in a new window)reddit(opens in a new window)mail(opens in a new window)Copy Share Link checkmarkCopy TAGS * alan turing * AltaIR Capital * ashu garg * Brainstorm Ventures * coinbase * designer * Disney * engineers * food * foundation capital Enterprise TURING BOOKS $87M AT A $1.1B VALUATION TO HELP SOURCE, HIRE AND MANAGE ENGINEERS REMOTELY Ingrid Lunden Invalid DateTime• When it comes to engineering talent in the world of tech, demand continues to outpace supply, a predicament so acute that by 2030, that disparity will balloon to 85 million positions being unfilled... TC SESSIONS: SPACE 2022 MEET THE STARTUPS COMPETING AT TC SESSIONS: SPACE Lauren Simonds Invalid DateTime• We’re over the moon to announce the three early-stage startups that will take the stage and go head-to-head in the pitch competition at TC Sessions: Space — next Tuesday, December 6, in Los Angeles... Apps THIRD-PARTY TWITTER APP MAKERS TURN THEIR ATTENTION TO MASTODON Sarah Perez Invalid DateTime• Open source Twitter alternative Mastodon has gained a bit of attention in the wake of Elon Musk’s Twitter acquisition. Now, it’s gaining interest from third-party Twitter app developers... TechCrunch plus-bold Market Analysis AUTONOMOUS DRIVING’S BLUNDERS ARE GOOD NEWS FOR THE CLIMATE Tim De Chant Invalid DateTime• If autonomous driving would have taken off before EVs got a foothold in the market, the results could have been catastrophic for the climate. TechCrunch plus-bold Market Analysis HOW COMPANIES CAN SLASH BALLOONING SAAS COSTS Kyle Wiggers Invalid DateTime• SaaS costs are rising, particularly for enterprise customers with lots of licenses. But there’s ways to combat the climb. Startups OPERATIVE INTELLIGENCE HELPS CONTACT CENTERS FIGURE OUT WHAT CUSTOMERS REALLY NEED Catherine Shu Invalid DateTime• A company may have a good contact center, but ideally they are able to help customers before they need to make a call. Operative Intelligence helps contact centers figure out what customers want mo... Apps GOOGLE’S NEW PIXEL UPDATE BRINGS NEW FEATURES LIKE CLEAR CALLING AND GOOGLE ONE VPN Ivan Mehta Invalid DateTime• Google’s latest “feature drop” for Pixel phones and the Pixel Watch brings features like a call quality enhancement function called “Clear Calling,” free access to Goo... Transportation BRIGHTDROP EXPANDS E-DELIVERY VAN BUSINESS TO CANADA WITH DHL EXPRESS Rebecca Bellan Invalid DateTime• BrightDrop, General Motors’ electric delivery van subsidiary, added DHL Express Canada to its portfolio of customers, marking the company’s entrance into its first international market.... Startups IF ROWY HAS ITS WAY, IF YOU CAN USE EXCEL, YOU CAN BUILD SOFTWARE Haje Jan Kamps Invalid DateTime• Low- and no-code application building continues apace. Gently hum “Row row row your code, gently down the streams,” as we talk with the founder behind Rowy, the company that’s lik... Enterprise CONFIRMED: SLACK CEO STEWART BUTTERFIELD STEPPING DOWN IN JANUARY Ron Miller Invalid DateTime• Just days after Salesforce co-CEO Bret Taylor announced his resignation, Slack CEO Stewart Butterfield announced that he will be stepping down in January. Business Insider first reported the news. ... Apps ZENLY WAS THE BEST SOCIAL APP AND IT WILL (SADLY) SHUT DOWN ON FEBRUARY 3 Romain Dillet Invalid DateTime• Zenly, the popular social mapping app that Snap acquired five years ago, is going to shut down on February 3, 2023. This is going to be a sad day as there is nothing quite like Zenly. The team base... TechCrunch plus-bold Market Analysis THOUGHTS ON THE DEMISE OF CIRCLE’S SPAC DEAL Alex Wilhelm Invalid DateTime• Declining USDC in circulation means that the asset base from which Circle generates much of its revenue is also falling. That’s a harder growth story to pitch. Apps FACEBOOK TO NOW TEST AGE VERIFICATION TECH ON FACEBOOK DATING IN THE US Sarah Perez Invalid DateTime• Meta is bringing its age verification technologies to another of its products, Facebook Dating. Though the service has not taken off as a significant Tinder rival, it will now serve as the testing ... TechCrunch plus-bold Growth WHICH WAY IS UP? THE END OF FREE MONEY AND THE IMPORTANCE OF KEEPING CASH ON HAND Max Schireson Invalid DateTime• Someone once told me that successful companies each succeed in their own way, but companies all fail the same way: They run out of cash. Startups IS THIS WHAT GOOD NEWS FEELS LIKE? Alex Wilhelm Invalid DateTime• Equity is getting into the holiday spirit. And by that we mean thinking far too much about the geopolitical-technological landscape. TC SESSIONS: SPACE 2022 CHECK OUT WHAT’S HAPPENING TOMORROW AT TC SESSIONS: SPACE Lauren Simonds Invalid DateTime• Happy TC Sessions: Space 2022 Eve! Tomorrow’s the big day in L.A. for everyone involved with or interested in pushing the boundaries of what’s possible and forging humanity’s future in space. There... Startups TWELVE LABS LANDS $12M FOR AI THAT UNDERSTANDS THE CONTEXT OF VIDEOS Kyle Wiggers Invalid DateTime• To Jae Lee, a data scientist by training, it never made sense that video — which has become an enormous part of our lives, what with the rise of platforms like TikTok, Vimeo and YouTube ̵... Transportation LOFT DYNAMICS RAISES $20M TO TACKLE PILOT SHORTAGE WITH VR TRAINING Paul Sawers Invalid DateTime• Loft Dynamics, a Swiss startup creating virtual reality (VR) simulation technology for helicopter pilots, has raised $20 million in funding from U.S. venture capital (VC) firms, including David Sac... TechCrunch plus-bold Growth IF YOU’RE A BOOTSTRAPPED STARTUP, TURN TO USER-CENTERED DESIGN TO THRIVE DURING ADVERSITY Adam Sandman Invalid DateTime• When it comes to user-centered design (UCD), the goal of each design process is the same: create a great product for your end users. Commerce TEMASEK BACKS INDIA’S HEALTHKART IN $135 MILLION FUNDING Manish Singh Invalid DateTime• Indian consumer nutrition platform HealthKart has raised $135 million in a new financing round as it looks to expand in international markets and shore up cash to buy firms, it said Monday. Temasek... Transportation APPLE EXPANDS CAR KEY SHARING, BIRD CHARTS OUT A STRATEGY AND LAYOFFS COME FOR MOTIONAL Kirsten Korosec Invalid DateTime• The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is... * About * TechCrunch * Staff * Contact Us * Advertise * Crunchboard Jobs * Site Map * Legal * Privacy Policy * Terms of Service * TechCrunch+ Terms * Privacy Dashboard * Code of Conduct * About Our Ads * Trending Tech Topics * Tech Industry Layoffs * Google Search On Event 2022 * Amazon Fall Event 2022 FacebookFacebook(opens in a new window)TwitterTwitter(opens in a new window)YouTubeYouTube(opens in a new window)InstagramInstagram(opens in a new window)LinkedInLinkedIn(opens in a new window) © 2022 Yahoo.All rights reserved.Powered by WordPress VIP(opens in a new window).