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Yurts raised $40M in a Series B funding round led by XYZ Venture Capital to accelerate growth and capabilities in generative AI integration for mission-critical systems.

PRIVATEDec 03, 2024

Amount Raised

$40 Million

Round Type

Series B

San FranciscoSoftwareSaaS

Investors

Mango CapitalBloomberg BetaGlynn CapitalNava VenturesXYZ Venture Capital

Description

Yurts, based in San Francisco, raised $40M in Series B funding to enhance their AI solutions for defense, government, and enterprise sectors. The funds will be used to further develop their generative AI integration platform for secure environments.

Quick answer

Yurts raised $40 Million in a Series B round, dated December 3, 2024. Investors: Mango Capital, Bloomberg Beta, Glynn Capital, Nava Ventures and XYZ Venture Capital. Yurts is based in San Francisco, California, United States.

How much did Yurts raise?
Yurts raised $40 Million in a Series B round on December 3, 2024.
Who invested in Yurts?
Mango Capital, Bloomberg Beta, Glynn Capital, Nava Ventures and XYZ Venture Capital are named as investors in this round.
What does Yurts do?
Founded in 2022, Yurts is an enterprise-ready GenAI platform on a mission to help connect people to their best work.
Where is Yurts based and how big is it?
Yurts is based in San Francisco, California, United States.
Who are the decision-makers at Yurts?
Fundz holds 1 contact at Yurts. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Yurts

Location

San Francisco, California, United States

About

Founded in 2022, Yurts is an enterprise-ready GenAI platform on a mission to help connect people to their best work. By leveraging Large Language Models (LLMs) and the practical power of GenAI applications, Yurts is transforming knowledge management and enterprise workflows at scale. Yurts was co-founded by Ben Van Roo Guruprasad Raghavan, and Matt Thomson.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Yurts raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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