YURTS ANNOUNCES $16 MILLION IN SERIES A FUNDING TO ACCELERATE GROWTH
SAN FRANCISCO, Sept. 19, 2023 /PRNewswire/ -- Yurts, the enterprise-ready Generative AI platform, today announced a $16 million Series A to support its acceleration into the market. The oversubscribed funding round was led by Nava Ventures, with additional investments from XYZ Ventures, Bloomberg Beta, Mango Capital, and Essence VC. Yurts will leverage the capital to continue to build its secure AI platform and expand its technology team. This announcement follows a strategic partnership Yurts announced earlier this year with Nvidia and Lambda Labs to bring the secure GenAI platform to the market.
- The oversubscribed funding round was led by Nava Ventures , with additional investments from XYZ Ventures , Bloomberg Beta , Mango Capital , and Essence VC .
- Yurts will leverage the capital to continue to build its secure AI platform and expand its technology team.
- This announcement follows a strategic partnership Yurts announced earlier this year with Nvidia and Lambda Labs to bring the secure GenAI platform to the market.
- Yurts.AI closes $16M Series A led by Nava Ventures with XYZ Ventures, Bloomberg Beta, Mango Capital, and Essence VC.