Turing CFO, CTO and SVP Products Are Out [Plus 10 More Senior Staff]
Turing made waves last year with its hyper expansion, hiring 30+ ex-Hikvision employees and raising $80 million from PRC China investors. Now, it faces growing challenges as 3 executives have left the company in the past few months.
[July 2022: 6 more senior team members are out including another C-level executive.]
[October 2022: 5 more senior Turing employees are out.]
Inside this note, we examine the departures, Turing's hiring trends, accomplishments, risks, and outlook.
CFO ***
******'* ******* *********** *** ********* **** ****** **** week ***** **** **** * *****:
***** ****** ********** *** *** *******, the *** ********* ** ** ***** on *** ******** *******. ***** ** reported ** **, *** *** ******* the $** ******* ******* ********* *** has *** **-***** ** ** *** LinkedIn ******* ** **** ** ******* that ** "******* $*** ****** ********** with ***".
*** ***, ****** *** * ********* Co-Founders ** ******, *** ********* ********** in ******* ******** *** ***********.
CTO ***
******'* ******* ******** **** **** * **** ** Turing, *** *** ******** *******:
** ****** ********* ********** ** ******, Baidu, *********, *** ****.
** ** *** **** ****** ********* of **'* **** ** ****** ** assess *** ****** ****** ****.
SVP ********
******'* *** ** ************ ********** ** ****:
****** *** ***** ******** *******, *********** with **** *** **** ***** ********** within *** ********, *** *** ****** inside ****** ** * *** ******.
**** *** ************ **** ***, ** was ********* ********* *** ** **** very ****** ***** *** ******* ** industry ** *** ********* (****** ** fairness, ** ** **** ** **** much ** **** * ***** ****** of ****.
Employee ***** *** **********
****** **** ** *********** ***** ** his ******** ******* ***** ****** ***** a ***-****** *******:
******* ** ** ***** ******* **** to ********* *** (***-****** ****** *) camera *** ******** ******* **** * SaaS-first ********** ** ***** *** *** valuation
** ********, ******** ***** ************* ***** employees (***) *** ** ****** ** the **** * ****** ***** *** surge ** ****** **** **** ** mid ****:
*** ********* *********** ** *** **** discrepancy ** *** **** ** ******'* PRC ********** *** **** ***** ********* would ** *** **** ****** ** have ******** ********. ****** *** **** reticent ** **** ***** *** *** operations ** *******, *** ********* *** **** ********** ************ **** ****** **.
****** ***, *** ****** ********* (**** employee ******) ** *******.
Turing ** *******
****** *** *** ******* ** *** request ** ******* ***** ***** ********** leaving ** ***** ***** ******* ***** or ****** *******.
**********
* ********** ******* ** * ****** after ***** ** *** ******* *** less **** * ***** **** ****** underlying **********. ****** *** ******* ******* various ******** ***** ** *** **** few *****, **** ******** ***** ******************** *** ****************** *** *** ******* *** ******.
**** ****** **+ **-********* ********* ****** at **** ** **** * **** (ready-made ***** ****) *** * ********* (adopting ***** ********* ********* **** *********'* offering *** *********** ** * ******* to ****** ** * ******* / relabeller).
***********
*** ***** *********** **** *** **** is ** *** ** ********** ******* bans ********* (** *** ** **** *** ** government ** ***********). ** **** **** ** ******, Turing ***** **** * ***** *********** to **** ****** **** ** ******** of ******* ** ****** ******** ** it *** ********* ****** ******** *** a ***** **** **** ** ********** familiar **** *********'* ********. ***** ***, it ** ****** *** ******'* **-********* team ** **** ** ***** ******** customers ******** ** *** *** *** Hikvision **** ***.
Funding *********
* ***** ******* ** *** **** cash ****** ***** *** *** *** much ********** ******* *** ****** ***** going *******.
*** ******* ******** ***** - *********** products *** ******** ***-**** **** ************* would ** ********* ** **** *** cash **** **********, ********** ***** *** relatively ***** ***** ****. ** ****, how **** **** ** ****** ******* Turing *** ****** ** ********.
*******
** ** ***** **** **** **** they ******* *****-***/********* ******** ********* *** ** **********:
*** ******* ** ******** *** ******** and ***** ******** *****.
*******, ******* ** *** ***** ******* on ******** ** ********. ******'* ***** is ******** ** * ******* **** with ******* *****-**** *********** *** ** Hikvision *****, ****** ***** ********** * boon.
***********, ** ***** * ********* ***** show, *** **** ****** ****** ** increasing.
Vote / ****
*** **** *** ******** ****** ******** from ******* ***** *** ****** * risk ** ************* ** ********* *** Dahua.
*** **** *** **** **** *****? If **, ** ***** ** ***** given ** ***** *** ******* * investment *******.
“**** ****** **+ **-********* ********* ****** at **** ** **** * **** (ready-made ***** ****) *** * ********* (adopting ***** ********* ********* **** *********'* offering *** *********** ** * ******* to ****** ** * ******* / relabeller).”
*** **** “*********” ** *** *** needed ** **** ***** ******* ** not ****** *** ***** ** ** successful ** ***.
*** **** “*********” ** *** *** needed ** **** ***** ******* ** not ****** *** ***** ** ** successful ** ***.
**** ******* ** **** ***** *** joke ** ******* - *** ** appears **** *** ***'* ***** ********* has **** **** **********?
**** **** ****** (** *****) ** 2010 *** ** **** **** *** largest ****** ******** ** *** *****... a ****** **** ********* ******.
********* - ******* *** **** **** or *** *** ******** ******* - has ****wildly ********** over the last 15 years.
***** ****** *****’* ********* ** * company ***** ********** ** ***. ****** retention *******, ****. *** ***’* **** me ********* ** * “****** ******” anymore.
*** ***’* **** ** ********* ** a “****** ******” *******.
***. **** ** ******* **** * am ******* ***.
** ****** ***** ****** *****'* ********* to * ******* ***** ********** ** not. * **** *** **** **** went ****** ** * ********* ***** to *** ******* (* ***) **** came ** ******** *** ****** ****** in ****** *****.
*** ** ****** *** ******* **** in *** **** *** ***** *** we *** **** *** ** ** read ****.
*** ********* ***** ********* *** ****** market ******* *** **** **** ** not.
************'* ********* *****:
********* ***** $** ******* *** ** annual ******* *** ****, *** ~*** the ******* ** *********** **** *** Uniview's ******* *** ***** ** ~*.**.
**'* ****. * **** **** **** from * **** ** ** (***********, France, *****) *** **** ********* **** totally ****** **** ********* ********. **** are ***** ** ******* *********** (****) and ******* ********* *********** (********** ** least) *** ****-*********** ********* *** **** don't ******** ***** ***** ******* *** coming **** *** ******* ** *** they *** ******. *** ******
* **** ** ** *** *** that *** ** ** ** *** "not ****** ** *********" ****, *** Hikvision ** ***** *********** * ****** leader ** ***** ****** *** *** revenue. ******* **** *** ********** ** not ******* ***** ********** ********* ** a ********* **** ** ********. *******, outside ** *** *** ********* *******, they ***** **** **** **** ***** competitors. ****, ***** ** ***, *** on *** *******, ***** ***** ***'** on *** *** ***.
* *** ********** ***** ****** ******* them, *** *****'* ** ***** ** twisting ***** *** *********** ***** ****** to ************* ** ********** **** ***'* still **** *** ******* ********* ** the ****** *****. ** **** *** rest ** *** ****** * **********. Oh ***, * ***** ******* ** treat ********* ** *** *** ***!
********* ******, *********'* ******* ***'* ** overlooked.
********* ** *** ******* ************ ** video ******* *** ********* ** *** planet.
**** *** ***** ** *** **: "My ********** ** *** ***** ** limited ** *** *** *** **** they ****'* * ****** ****** *** more."
*********/***** *** ********** ********* ** ******, Middle ****, ****** *** ** **** business ** ***** ************* **** **** + ****** + ******** ******** ********** by ***.
*** **** “*********” ** *** *** needed ** **** ***** ******* ** not ****** *** ***** ** ** successful ** ***.
***** * *** *** ***** ** your *******, * ***'* ***** **'* truly ********.
******'* ******** *** **** * "********* 2.0" ********, ***. * ***** ** Hikvision ********* ******* *** ******* *******-****** company, *** ****** ** **** **** less ******** **** ** *** ** Hikvision. *** **** ** **** ******* are *** (***).
*** ** ***** ******, ***** **-********* employees ***** **** * ****** **** contact **** ** ******* *** ***-***** looking *** ***-**** *******, **** **** concern ***** **** *'** **** ******* product *********. *** **** ** * company **** ****, ***** *** * better ******* *** *** ***** *** a *****-**** ***** *****, *** **** could ** ****** ****. **********, * don't ***** **** ***** **** ****, but ** ***** ** **** ***** ex-Hikvision ******, ** *** ***** *******, could ******** ** **** ****. ** perhaps ** *********. ** **** *** company **** ** *** *********** ***** in *********, **** * ****** ******* line ********** ** *****-***** ***** *****.
****** *** *** ** ***** * senior **** ******* ***** ******** ******** as ***** ** ******** *******:
**** ****** *****:
* ****** ********* *********:
**** *** ** ****** *** ** Anixter:
* ******** *********:
**** ****** *****:
****, ***********, **** **** **** **** to *********:
* *** **** *** **** ****** has *** ********* ******* ** ***** portfolio, ******** **** ****** ** *** old *****.
****** ******* ***** ****** *** ***…***** portfolio ***** ** ** *** *** was ******…* ***’* ***** **** ********* is *******.
**** ********* * ********* ****** ******** camera ** *** ** ** ********** after ********** ****** **** *** *** use ****. **** **********, **** **** it *** *** ***** *** *** an *********.
**** ** ********* "****** *****" *********, ********* ******* *****:
******* *********** ****** *********-*********/*-**, ********* *****:
**** ** * **** ******* ** what ***** ** ** **** ** deal **** *********** **** ******, *** always ***** ** ** ** ***** that *** **** ******* ** **** an ******** ********* *******, ********* *** that ** **** ******.
**** **** ******* **** ****’* ****** .,,,,nothing ** *** *** **
**** ** ********* ******** ** *** have **** **** ** "******" (*****, InVid ** **** * **** ** Long ******). *** **** ***** **** customers.
****** *** ~** **-********* ***********, ******* it ** ****** ** *** **** have *************, ***** *********, ***.
*** ********, ** **, ** *** that ** ******* ***********. **** *** paying *** **-********* *********** **** *** are *********** **** ******** ****, ***** is * ***** *********** ** ******** profits.
************* ** *** **********. **** **** be * ***** ** * ******* is *** ********.
**********, ***, ************* *** *** ******* is ************** ******* ********** ******** ** low ****** **** ************* ***** ********. It's ********* *** **** ***** *******.
* **** ****** ********* *** ***:
***** ******** ***** * *********** **** *** the **-********* ******** *** *** **** Turing ***** **** **** * ****:
* ******** ** *********** ** ***:
*** * ****:
* ****** ******** **,**-********* *** **** ***** *** ** go ** ******:
* ***** **** ******** **** ** go ** ** ****** ******* ******* anyway, ** **** **** ***** *****.
******* ** *** ********** ** ***. We ******* **** * *** ***** ago.
**** ****** …. **** **** … Weigand ** ****. ***** **** ****** a *** **** ** ****-******* *** an ******* *******.
* **** ****** ********* ***. ***** two *** **** ****** ** *** same ******* ****** ****** *** **** described ********** ** ******* ** ****** sales *** ******:
** **** ** *** ****** ** their "***" (*.*.*. ***** ***** *********)? Actually *** ** **** **** ** business ***********?
****, ** **** **** ***** ****** the ******?