Yurts – an enterprise-ready Generative AI platform – recently announced a $16 million Series A to support its acceleration into the market. This oversubscribed funding round was led by Nava Ventures, with additional investments from XYZ Ventures, Bloomberg Beta, Mango Capital, and Essence VC.
The company will utilize the capital to continue to build its secure AI platform and expand its technology team. And this funding round follows a strategic partnership Yurts announced earlier this year with Nvidia and Lambda Labs to bring the secure GenAI platform to the market.
Yurts has a goal of connecting people to their best work. The company is transforming knowledge management and enterprise workflows at scale by utilizing Large Language Models (LLMs) and the practical power of GenAI applications. And Yurts can go wherever you work and be deployed across any cloud environment, within private data centers, or on individual workstations.
With a founding team that created products that served regulated industries and national security customers, Yurts understands the importance of secure and explainable AI solutions. And upon realizing that language-based AI is essential to the evolution of government and any large organization, Yurts set out to build a solution customers can trust with their most mission-critical data.
By starting with the parts of the market with the highest standards, Yurts set a foundation to raise the bar for Generative AI security, reliability, and trustworthiness worldwide. The Yurts platform offers the following potential for enterprises:
1.) The information you care about – The platform converges documents from various spaces like SharePoint, Teams, Slack, Google Docs, molding them into an accessible repository that allows flexibility and control. And with roots as the go-to solution for the defense industry, the technology also delivers best-in-class security and reliability.
2.) Farewell to scattered searches & data silos – This platform helps people find, connect, and communicate faster across the vast black hole that is enterprise systems, applications, and documents. This turns what used to take hours into minutes.
3.) Work faster where you are – Yurts accelerates workflows through Yurts application interfaces or within pre-existing applications. And the models can be tuned to be on brand, reduce hallucinations, and provide accurately cited sources.
4.) Cost and complexity are no longer a barrier – Work smarter NOT harder as the platform seamlessly integrates with existing systems – without long implementation timelines, high GPU costs, or in-house machine Learning/AI experts.
Yurts already counts private sector companies and public sector organizations as a part of its customer base, including contracts with the Department of Defense and Department of Energy.
KEY QUOTES:
“At Nava Ventures we invest in companies that address deep needs and evolve to products that become a part of everyday life. Yurts takes the power of AI and makes it practical and accessible to the modern enterprise. Its full-stack turnkey solution enables the average employee to become a 10x employee, changing the game for small and large businesses alike.”
— Manish Patel, Founder of Nava Ventures
“In these early stages of using Generative AI, enterprise CXOs must reimagine how they think about the knowledge within their organization, and how that knowledge turns into productivity and outcomes. We want to partner with them and ultimately make their job easier, so they can focus on empowering their organizations and reshaping how work gets done.”
— Ben Van Roo, CEO and co-founder of Yurts
