Turing completes Series A at ¥27.89B after ¥12.62B equity/debt extension
Turing completed its Series A at ¥27.89B after adding ¥12.62B in new equity and debt financing.
Why it matters
Turing completed its Series A at ¥27.89 billion after a ¥12.62 billion extension combining equity financing and a MUFG loan agreement.
Evidence notes
- The newly announced closing added ¥12.62B, made up of ¥6.82B in equity and a ¥5.8B loan agreement with Mitsubishi UFJ Bank.
- The ¥27.89B figure is the cumulative Series A total, not the amount newly raised in the July closing.
- Named participants in the extension include AMD Ventures, Mitsubishi Corporation, Mitsubishi UFJ Bank and Supermicro.
Company context
Turing develops end-to-end autonomous-driving AI and foundation-model technology for fully autonomous vehicles.