Founded in 2022, Yurts aims to connect people to their work by leveraging Large Language Models and GenAI applications. The platform allows enterprises to converge documents from various spaces, find, connect, and communicate across systems, accelerate workflows, and integrate with existing systems without long implementation timelines, high GPU costs, or the need for in-house machine Learning/AI experts.
Key takeaways:
- Yurts, a San Francisco-based Generative AI platform provider, has raised USD16M in a Series A funding round.
- The funding round was led by Nava Ventures, with additional investments from XYZ Ventures, Bloomberg Beta, Mango Capital, and Essence VC.
- The company plans to use the funds to continue building its secure AI platform and expand its technology team.
- Yurts' platform allows enterprises to converge documents from various spaces, find, connect, and communicate across systems, accelerate workflows, and integrate with existing systems without long implementation timelines or high costs.