Yurts Raises $16 Million in Series A

by Kay Aloha Villamor in September 20th, 2023

Yurts, a San Francisco, CA-based enterprise-ready Generative AI platform, raised $16 million in Series A funding.

SaaS Investors

The oversubscribed funding round was led by Nava Ventures and included additional investments from XYZ Ventures, Bloomberg Beta, Mango Capital, and Essence VC.

Nava Ventures is a venture capital firm with a focus on Series A technology investing. Founded in 2021 and based in San Francisco, California, the firm seeks to invest in early-stage companies operating in the healthcare, robotics, gaming, and entertainment sectors.

Yurts Use of Funds

The company plans to use the capital to continue building its secure AI platform, expand its technology team, and support its market expansion. 

About Yurts

Founded in 2022 by Ben Van Roo, Guruprasad Raghavan, and Matt Thomson, Yurts is an enterprise-ready GenAI platform. Yurts is on a mission to help connect people to their best work. By leveraging Large Language Models (LLMs) and the practical power of GenAI applications, the company is transforming knowledge management and enterprise workflows at scale. Yurts already serves both private-sector companies and public-sector organizations, including contracts with the Department of Defense and the Department of Energy. 

Funding Details

Company: Yurts Technologies Inc. 

Raised: $16.0M

Round: Series A

Funding Month: September 2023

Lead Investors: Nava Ventures

Additional Investors: XYZ Ventures, Bloomberg Beta, Mango Capital, Essence VC

Company Website: https://www.yurts.ai/ 

Software Category: Enterprise AI platform

Source: https://www.prnewswire.com/news-releases/yurts-announces-16-million-in-series-a-funding-to-accelerate-growth-301931556.html



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