Military contractor raises $69M to develop AI for defending democracy

Date:

Military contractor Primer has raised $69m in a Series D funding round to accelerate its development of artificial intelligence (AI) applications for government and commercial clients. Primer’s AI platform is designed for the US military and intelligence services, as well as Fortune 500 companies. Its natural language processing transformers are able to analyse and scan through media sources in more than 100 languages, generating AI-generated reports on breaking news or emerging threats. Pitchbook data gives the company an estimated valuation of $250m. Primer said the new funds will be used to speed up product development, particularly for its new Primer Delta platform that analyses natural language documents. 

See also  Google Pixel Watch 2 may switch to different processors to enhance battery life

Frequently Asked Questions (FAQs) Related to the Above News

What is Primer?

Primer is a military contractor that develops artificial intelligence applications for government and commercial clients.

How much money did Primer raise in its most recent funding round?

Primer raised $69 million in a Series D funding round.

What is the estimated valuation of Primer?

According to Pitchbook data, the estimated valuation of Primer is $250 million.

What is Primer's AI platform designed for?

Primer's AI platform is designed for use in the US military and intelligence services, as well as by Fortune 500 companies.

How does Primer's natural language processing transformers work?

Primer's natural language processing transformers are able to analyze and scan through media sources in more than 100 languages, generating AI-generated reports on breaking news or emerging threats.

What will the new funds from the funding round be used for?

The new funds will be used to speed up product development, particularly for Primer's new Primer Delta platform that analyzes natural language documents.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Advait Gupta
Advait Gupta
Advait is our expert writer and manager for the Artificial Intelligence category. His passion for AI research and its advancements drives him to deliver in-depth articles that explore the frontiers of this rapidly evolving field. Advait's articles delve into the latest breakthroughs, trends, and ethical considerations, keeping readers at the forefront of AI knowledge.

Share post:

Subscribe

Popular

More like this
Related

Obama’s Techno-Optimism Shifts as Democrats Navigate Changing Tech Landscape

Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?

Tech Evolution: From Obama’s Optimism to Harris’s Vision

Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?

Tonix Pharmaceuticals TNXP Shares Fall 14.61% After Q2 Earnings Report

Tonix Pharmaceuticals TNXP shares decline 14.61% post-Q2 earnings report. Evaluate investment strategy based on company updates and market dynamics.

The Future of Good Jobs: Why College Degrees are Essential through 2031

Discover the future of good jobs through 2031 and why college degrees are essential. Learn more about job projections and AI's influence.