Primer, a San Francisco, CA-based provider of a machine intelligence company, raised $40m in Series B funding.
The round was led by Lux Capital with participation from Bill Maris’ Section 32 and Mubadala Ventures, the venture capital arm of Mubadala Investment Company, and existing investors DCVC, Amplify, Avalon, AME, Bloomberg Beta, Crosslink and In-Q-Tel. In conjunction with the funding, Lux’s Zavain Dar joined Primer’s board.
The company intends to use the funds to expand team, language capabilities and enter new verticals, and grow its presence in Washington, D.C. and New York.
Led by Sean Gourley, CEO and Founder, Primer builds machines that can read and write, automating the analysis of very large datasets. Its technology is deployed by some of the world’s largest government agencies, financial institutions, and Fortune 50 companies.
The company, which has a team of 60 people, has built products on top of a core set of computational engines. Their architecture is modular by design, allowing for continuous development on their analytic pipeline. These engines allow customers to process a diverse set of document types across multiple languages. They do the work of extracting information, identifying key insights, performing analysis at scale, and generating output as human-readable text and graphics.