Yurts raises $40 million to be the DoD's AI Chatbot [TechCrunch]
Chegg, Inc. (CHGG)
Last chegg, inc. earnings: 2/10 04:05 pm
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Source: TechCrunch
All of them are pilots,” he said, admitting later that, “my vision wasn't quite there.” Instead, he's helping the military in a very Silicon Valley way: by founding an AI integration platform that can be deployed within high-security businesses. “We're the first one on a secret network for the Department of Defense,” he said. His goal is to be a key AI-powered chat assistant for the Department of Defense (besides the AI chatbot the Pentagon itself is developing With such a powerful customer, Van Roo, along with his cofounders former Meta engineer Jason Schnitzer and research scientist Guruprasad Raghavan, has raised a $40 million Series B led by XYZ Venture Capital. This brings total investment into the company to $58.35 million. Yurts currently has contracts with the U.S. Army, U.S. Air Force, and Department of Energy, as well as a $16 million contract with United States Special Operations Command. In addition to growing up in a military family, Van Roo worked for the RAND Corp
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