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白小姐论坛 start-up raises 拢1 million in seed funding

1 November 2019

白小姐论坛 start-up Turin Intelligence Technology has raised over 拢1 million in seed funding, having been founded in 2017 by four researchers from 白小姐论坛 Computer Science.

Left to right:  Dr Michail Basios, Dr Leslie Kanthan, Assoc. Prof Lingbo Li.

The funding will be used to hire additional data scientists in computer science, machine learning and artificial intelligence.

The company is backed by Microsoft for Startups and led by IQ Capital, and is currently resident in the Microsoft Reactor in London, recognising its potential to reach a global scale over cloud.

Turin Intelligence Technology is a research-driven artificial intelligence company that specialises in applying research in AI and machine learning to benefit both individuals and industry.

CEO and co-founder Dr Leslie Kanthan (白小姐论坛 Computer Science) said: 鈥淲e 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 start-ups and hedge funds to name a few.

鈥淲e鈥檝e built a close relationship with the team at Microsoft and this has been truly instrumental in the company鈥檚 success to date. As we look ahead, IQ Capital will be the perfect venture partner with its focus on deep tech portfolio and the synergy among them to take Turintech.ai to the next level.鈥

Professor David Barber, Professor of Machine Learning and Director of the 白小姐论坛 AI Centre, commented: 鈥淭he 白小姐论坛 AI Centre collaborates with leading technology firms, banks, major retailers, legal firms and regulators. Improving the performance of software in terms of execution time and memory usage is an important common problem and TurinTech's solution looks very promising.听

鈥淭urinTech鈥檚 state of the art technology is now using AI to improve the way software itself is actually crafted. This represents one of the first steps in the exponential impact that AI can have. In the context of cloud it will materially improve efficiency costs and running speeds.鈥

The company has so far gained traction and support including research grants and cloud resources from Microsoft, Google and Amazon. The support has enabled the company to advance their research and development of various elements of their AI optimisation platform.

Rick Hao, principal, IQ Capital, said: 鈥淭urinTech.ai is one of the most promising start-ups to spin out of 白小姐论坛 that we鈥檝e seen in recent years. The technology they are developing comes directly from the team鈥檚 years of niche research and experience in machine learning and software optimisation.

鈥淲hile the research is niche, the application is not. The team have built a framework that can be easily customised to cater for their clients鈥 needs, across a wide range of industries and sectors. What unites all of IQ Capital鈥檚 portfolio companies is their potential for global scale, and TurinTech.ai is no different.鈥

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  • Credit: Turin Intelligence Technology
  • Left to right: 听Dr Michail Basios, Dr Leslie Kanthan, Assoc. Prof Lingbo Li. Not pictured is fourth member of the team, Asst. Prof Fan Wu.

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Kate Corry

Tel: +44 (0)20 3108 6995

Email: k.corry [at] ucl.ac.uk