India, July 23 -- Amid a string of funding rounds materialising for early to growth stage Indian AI startups, Bengaluru-based AI startup iTuring.ai has raised $5 Mn (INR 43.2 Cr) in its Series A funding round from Dallas Venture Capital (DVC) and Mela Ventures.

In a statement, the startup, which recently rechristened from its erstwhile name CyborgIntell, said that the fresh capital will accelerate the rollout of its proprietary, zero-code AI/ML platform for the banking, financial services and insurance (BFSI) sector.

The platform allows financial institutions to automate all stages in the journey of deploying data science and machine learning.

Further, the funds would also be utilised to advance iTuring's product development, expand it...