Turing Labs offers a platform that uses AI to simulate and evaluate ingredient combinations to speed up product formulation for CPG companies, reducing the number of physical experiments technicians must run. Its technology is being used across home care, food and drink, and cosmetics to propose candidate formulations that technicians then test. The company says it is expanding beyond formulation into other digitally simulatable areas such as ingredients and packaging and plans to add functionality for alternative ingredients in processed foods. Turing works with several large, undisclosed household-name CPG customers and aims to expand that roster and deepen engagement with existing clients. The startup argues its platform addresses shrinking R&D budgets, faster go-to-market pressures, and new consumer and environmental demands by automating parts of the discovery and testing process. It raised new capital to accelerate R&D, grow engineering, widen operations, and build a go-to-market organization.

Total raised

$17M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2022