Yurts raised $40M in a Series B funding round led by XYZ Venture Capital to accelerate growth and capabilities in generative AI integration for mission-critical systems.

Dec 03, 2024•7 months ago

Amount Raised

$40 Million

Round Type

series b

San FranciscoSaasSoftware

Investors

Mango CapitalBloomberg BetaNava VenturesGlynn CapitalXyz Venture Capital

Description

Yurts, based in San Francisco, raised $40M in Series B funding to enhance their AI solutions for defense, government, and enterprise sectors. The funds will be used to further develop their generative AI integration platform for secure environments.

Company Information

Company

Yurts

Location

San Francisco, California, United States

About

Founded in 2022, Yurts is an enterprise-ready GenAI platform on a mission to help connect people to their best work. By leveraging Large Language Models (LLMs) and the practical power of GenAI applications, Yurts is transforming knowledge management and enterprise workflows at scale. Yurts was co-founded by Ben Van Roo Guruprasad Raghavan, and Matt Thomson.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Yurts raised $40M in a Series B funding round led by XYZ Venture Capital to accelerate growth and capabilities in generative AI integration for mission-critical systems.

Investors

Description

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