Image via PostRound — weekly Series A log
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Turing: Capital Raising
Turing raised $42.1M Series A at $600M valuation from AMD Ventures, BIPROGY, DataDirect Networks, GMO Internet, Mitsubishi Corporation, MUFG Bank, Super Micro Computer, and Tokyo Electron Device on July 7, 2026. Develops and manufactures fully autonomous electric vehicles.
Source: PostRound — weekly Series A log
The leadership read
Fresh capital usually broadens artificial intelligence leadership bench strength — scale, go-to-market and operational depth — rather than any single appointment.
Market context: Backdrop: a 107.8 (Hot) Talent Market Index (up 2.4 on the month) with Asia activity steady (+1.2pts).
Turing: 3 signals in the last 90 days — above the Artificial Intelligence median of 1 across 88 tracked companies; 0.2% of MitchelLake's Asia signal flow; 3 tracked across 7 days.
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More signals across Artificial Intelligence
Capital Raising · Asia
Manus AI →Singapore-based agentic AI startup seeking $1bn raise to buy itself out of blocked Meta $2bn+ acquisition after Chinese regulatory intervention
Capital Raising · Asia
Featherless AI →Featherless AI secured funding to make open-source AI models viable at enterprise scale, accelerating core mission of practical, reliable AI at scale.
Capital Raising · Asia
Fere AI →Fere AI raised $1.3M to develop self-improving trading agents for financial markets, starting with digital assets
Leadership Change · Asia
Google DeepMind →Cao Liangliang, a director at Google DeepMind who worked on Gemini, has departed after 20 years in the US to join Hong Kong Polytechnic University.
Product Launch · Asia
Z.ai →Z.ai (formerly Zhipu AI) launched ZCode, a free agentic development environment competing with Cursor, Claude Code, and GitHub Copilot. The tool is purpose-built for GLM-5.2 LLM and offers aggressive pricing ($16.20–$144/month) undercutting competitors. Available on macOS, Windows, Linux with BYOK support and integrations with WeChat/Feishu for remote task steering.
Geographic Expansion · Asia
Vertiv →Vertiv has launched a manufacturing facility in Johor, Malaysia (operational since Q1 2026) and expects to reach technical production capacity by Q2-Q3 2027. Facility is ramping from 15-20% current capacity; planning three phases of expansion. Expected to create up to 500 skilled jobs and serve Malaysia, Australia, and South Korea markets.
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