upGrad invests 3.6M USD to set up TuringMinds

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Edtech major upGrad is investing 3.6M USD towards setting up TuringMinds, which outsources research and product development to other companies.

TuringMinds currently operates over 15+ offline facilities in the US, India, Europe, the UK, and the Middle East. Further, its offices in Hyderabad, Bengaluru, and Detroit are operating with a professional workforce of 250 product engineers and the business aims to double this in the next quarter.

TuringMinds is building a complete ecosystem of senior data scientists and ML engineers through campus recruitments in India.

“TuringMinds specialises in taking an idea, quickly building prototypes and accelerators (Apps), testing them with the industry, and picking the cherries among them. We are seeing tremendous response from industries globally (SMEs to MNCs) for developing world-class products and services in emerging technology areas like AI and ML,” said Prof Anuradha Sharma, President of TuringMinds.

On the need for such strong hiring in these times, Sharma added, “Our teams will work as the core team to incubate 50 prototypes (including Products and Accelerators) and file 8-10 patents to support small and medium-scale industries in the next eight months.”