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Yurts, a company specializing in generative AI development for the U.S. Army, Air Force, and other defense sectors, has successfully raised $40 million in a Series B funding round. The investment was led by XYZ Venture Capital, bringing the total amount raised by Yurts to $58.4 million. This funding will enable Yurts to enhance its AI chatbot capabilities tailored for the Department of Defense, streamlining workflows and improving user efficiency with generative AI technology. The funding round also saw participation from Glynn Capital and Nava Ventures, among others. XYZ Venture Capital expressed excitement about leading the investment, highlighting Yurts' unique position as a secure and precise AI integration solution for government and defense applications.
Ecstatic to be leading @yurtsai's Series B today! Ready to watch them lengthen their lead as the only AI integration solution sensitive, secure & precise enough for government, defense & global enterprises 🙌 https://t.co/0adNPfK63X
🚨Big news!🚨 We’ve secured $40m in Series B funding, led by @xyz_vc, with participation from Glynn Capital, Nava Ventures, & other partners. This round will enable Yurts to streamline workflows & help users do their best work with the help of #GenAI. https://t.co/wB1YIizNDZ
Yurts, which has contracts to develop generative AI for the US Army, Air Force, and others, raised a $40M Series B led by XYZ, taking its total raised to $58.4M (@margauxmaccoll / TechCrunch) https://t.co/YzCoHbKp8c https://t.co/Qz45uvAzi0 https://t.co/ZOzeer1FAj