Turing raises JPY9.77B Series A equity at JPY61.5B reported valuation
Turing completed its Series A first close with JPY9.77 billion of equity and a separate JPY5.5 billion syndicated loan; JIC reported a JPY61.5 billion valuation for the equity deal.
Evidence notes
- JIC Venture Growth Investments and Global Brain co-led the JPY9.77 billion preferred-share financing.
- Japan Investment Corporation reports a JPY61.5 billion valuation for the rounded JPY9.8 billion equity deal, without identifying a pre- or post-money basis.
- The JPY5.5 billion syndicated loan is separate from the equity amount; JPY15.27 billion is the first-close package total.
Company context
Turing develops end-to-end autonomous-driving AI and foundation-model technology for fully autonomous vehicles.