, an artificial intelligence and predictive analytics startup, announced on Wednesday it has raised $69 million in Series D funding.
The round was led by , with additional participation from the. The company���s fresh fundraising brings its total funding to $237 million, per 做厙勛圖 data.
Primer Technologies has long been a big player in the AI and machine-learning space. The company was founded in 2015 and quickly nabbed government clients such as the , the and the . Military officials use Primer���s technology to plan missions and predict logistics.
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The new round of funding will go toward Primer���s new 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 and ���s platform.
Primer Technologies recently launched Primer Delta, a platform that can analyze millions of documents. The company is creating an internal search function that mimics Search, in�� which analysts can simply ask questions pertaining to the details of the company through the organization���s intranet.
Enterprise AI enamors the market
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.
Last month, announced it will invest $30 million in enterprise AI applications.
Also in May, in AI giant to build out its suite of enterprise-grade AI tools in a search function similar to Primer Delta.
, a cloud infrastructure company, announced in May it will put aside $1 billion in venture funding for enterprise-focused AI startups. The company acquired and the AI platform .
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