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