Yurts, a San Francisco, CA-based provider of an enterprise-ready Generative AI platform connecting people at work, raised USD16M in Series A funding.
The round was led by Nava Ventures, with additional investments from XYZ Ventures, Bloomberg Beta, Mango Capital, and Essence VC.
The company intends to use the funds to continue to build its secure AI platform and expand its technology team.
Co-founded by Ben Van Roo, Guruprasad Raghavan, and Matt Thomson in 2022, Yurts is an enterprise-ready GenAI platform on a mission to help connect people to their work. By leveraging Large Language Models (LLMs) and GenAI applications, it is working with knowledge management and enterprise workflows at scale. The platform allows enterprises:
- to converge documents from various spaces like SharePoint, Teams, Slack, Google Docs, molding them into a repository that allows flexibility and control
- to find, connect, and communicate across enterprise systems, applications and documents
- to accelerate workflows through its application interfaces or within pre-existing applications
- to integrate with existing systems without long implementation timelines, high GPU costs, or in-house machine Learning/AI experts.
FinSMEs
19/09/2023