A leading Natural Language Processing (NLP) firm, Primer, announced that they have secured $110 million in Series C round led by Lee Fixel’s Addition. In this funding round, other new strategic investors included Steadfast, Sands Capital, and Hank Crumpton. Along with existing investors Lux Capital, DCVC, Amplify Partners, and many more participants. Primer will use this funding to drive its phase of growth which includes international expansion and strategic alliances with Microsoft and Palantir to serve mission-critical US Government needs.
Sean Gourley, CEO & Founder of Primer, said, “NLP is undergoing a revolution as artificial intelligence continues to push the boundaries of machine performance in reading and writing tasks. We are now able to build machines that can achieve human-level performance in many tasks from information extraction, to document classification to summarization. Series C capital will allow us to build larger and better performing language models and make those available across industries, from defense and intelligence to finance and health care.”
Primer’s leading NLP platform enabled organizations that create structure and pull insights from vast amounts of data to support faster decision-making. Primer’s NLP technology can read and write in English, Russian, Chinese, and Arabic. Its also approved by national security and intelligence domains to meet the highest standards. The new capital will give access to Primer to step up recruiting efforts both in the US and globally, as it seizes on the vast addressable market for NLP.
Hank Crumpton, former Ambassador-at-Large and US Coordinator for Counterterrorism. “Having dedicated most of my life to intelligence and having spent decades leading critical missions where information was essential in shaping our understanding of the operational landscape, I understand the value of Primer’s technology. Primer is already reshaping the way we assess and scale intelligence capabilities. I’m proud of the team and their mission to realize the responsible power of artificial intelligence.”