On June 14, 2023, Primer secured $69 million in Series D funding, led by Addition and with participation from the US Innovative Technology Fund, according to a report by Crunchbase News. The following are key takeaways from the article.
The article highlighted Primer’s position as “having long been a big player in the AI and machine-learning space,” emphasizing its partnerships with government clients such as the United States Special Operations Command, U.S. Air Force, and U.S. Army, where Primer’s technology plays a vital role in mission planning and logistics prediction.
The funding will be focused on advancing the development of generative AI models. The company already has a large language model functionality built into its system — the same sort of technology that powers open-source generative AI tools like ChatGPT and OpenAI’s platform.
“Enterprise-focused AI platforms like Primer Technologies are going to prove to be a far better money-making venture than consumer-facing companies that build on top of ChatGPT’s API. Already, the arms race has begun.” – Crunchbase
The coverage also featured Primer’s recent accomplishments, including the launch of Delta, a powerful platform capable of analyzing vast amounts of documents, as well as the introduction of a new internal search function that mimics Google Search. This innovative feature allows analysts to effortlessly retrieve specific entity details by asking questions through the organization’s internal data sources.
Crunchbase News is a digital publication owned by Crunchbase, providing data-driven journalism on private markets, startups, founders, and investors. Founded in 2017 and based in the United States, the publication covers various aspects of the innovation ecosystem.
To read the full article, visit: Primer Technologies Proves The Worth Of Enterprise AI With $69M Raise
About Primer
Primer exists to make the world a safer place. We believe that AI is critical to accelerating intelligence and decision cycles that keep us safe. Our AI technology is deployed by the U.S. Government, strategic allies, and Fortune 100 companies to extract timely insight and decision advantage from massive datasets. Primer has offices in Arlington, Virginia and San Francisco, California.
