Next phase of growth further drives reliable
and game-changing AI capabilities for Government and Commercial
customers
SAN
FRANCISCO, June 14, 2023 /PRNewswire/ -- Primer
Technologies, an AI/ML technology firm specializing in AI-powered
data analysis, today announced a Series D round with a first close
of $69M to accelerate the delivery of
trusted AI solutions for the U.S. Government and Commercial
customers. The company also announced Sean Moriarty's recent
appointment as CEO, who brings decades of technology and leadership
experience, previously holding senior executive roles at the Leaf
Group, Ticketmaster and Metacloud. The funding was led by Addition,
with participation from the U.S. Innovative Technology Fund (USIT),
founded by chairman Thomas Tull.
This funding enables Primer to accelerate R&D of generative
AI and cutting-edge machine learning models, grow its talent, and
continue to mature its product offering. With customized Large
Language Model functionality already integrated in its secure
offering, Primer is transforming how analysts, operators and
decision-makers make sense of massive volumes of open source and
proprietary data and reduce time to decision. By automating manual
tasks and workflows, they can be more productive, seize every
efficiency, and apply their unique expertise to find the advantage
hidden in their data.
"Primer's AI platform and products deliver necessary tools to
those who support and defend our democracy and this round of
funding will help us deliver more, faster," said
Sean Moriarty, CEO of Primer. "We're committed to
providing trusted, reliable AI solutions to achieve the most
critical of missions."
Sean Moriarty has more than 25 years of experience in B2B
and B2C technology businesses, leading multiple companies to scale
and commercial success. He is currently the lead independent
director at Eventbrite and has served on the board of
directors of over a dozen companies, both privately held and
publicly traded. He serves as Ambassador to the Special
Operations Warrior Foundation and is the former Co-Chair of
the Pat Tillman Foundation.
"This new round of funding and the company's new leadership
strengthen Primer's industry-leading position and its ability to
deliver advanced AI applications for Government and Commercial
customers," said Lee Fixel of Addition. "Sean's experience
building strong teams and success bringing disruptive technologies
to market make him the right leader to drive Primer's continued
growth and innovation."
"AI is revolutionizing the defense space, from intelligence
gathering and threat analysis to decision support systems," said
Peter Tague, Managing Partner of USIT and member of Primer's
board. "Primer is developing cutting-edge decision support
technology for national security and military organizations that
has mission critical applications. We're proud to support Primer as
they continue delivering competitive advantages for the United States and its allies."
Today's announcement builds on Primer's ongoing success in
delivering practical AI solutions to its customers. Since 2020,
Primer has worked with USSOCOM, Air Force and Army officials
to develop and enhance the machine learning capabilities of our
forces, from mission planning and predictive logistics to speeding
up intelligence and decision cycles. In parallel, it delivers
solutions to Fortune 100 companies looking to make sense of their
data in order to seize every efficiency and reduce time to insight
and decision-making.
The company recently launched the Primer Delta platform, a
self-curating knowledge base that can analyze millions of documents
in seconds. Deployable on-premises and in the cloud within hours,
analysts can securely search through large-scale document caches
and databases to extract the information that matters.
Organizations looking to experiment with a smaller batch of
documents can now procure Delta Lite directly from AWS
Marketplace. Primer's native AI platforms Primer Delta
and Primer Command are powered by its proprietary NLP
technology, which is built on transformer-based neural networks,
making its solutions models faster, more accurate, and customizable
to customer data and workflows.
About Primer
Primer exists to make the world a
safer place. We believe that AI is critical to accelerating
intelligence and decision cycles that keep us safe. Our AI
technology is deployed by the U.S. Government, strategic allies,
and Fortune 100 companies to extract timely insight and decision
advantage from massive datasets. Primer has offices in Arlington, Virginia and San Francisco, California. For more
information, please visit https://primer.ai/
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SOURCE Primer