Data Analysis Startup Primer Already Well-Positioned
December 22, 2017
A new startup believes it has something unique to add to the AI data-processing scene, we learn from VentureBeat’s article, “Primer Uses AI to Understand and Summarize Mountains of Text.” The company’s software automatically summarizes (what it considers to be) the most important information from huge collections of documents. Filters then allow users to drill into the analyzed data. Of course, the goal is to reduce or eliminate the need for human analysts to produce such a report; whether Primer can soar where others have fallen short on this tricky task remains to be seen. Reporter Blair Hanley Frank observes:
Primer isn’t the first company to offer a natural language understanding tool, but the company’s strength comes from its ability to collate a massive number of documents with seemingly minimal human intervention and to deliver a single, easily navigable report that includes human-readable summaries of content. It’s this combination of scale and human readability that could give the company an edge over larger tech powerhouses like Google or Palantir. In addition, the company’s product can run inside private data centers, something that’s critical for dealing with classified information or working with customers who don’t want to lock themselves into a particular cloud provider.
Primer is sitting pretty with $14.7 million in funding (from the likes of Data Collective, In-Q-Tel, Lux Capital, and Amplify Partners) and, perhaps more importantly, a contract with In-Q-Tel that connects them with the U.S. Intelligence community. We’re told the software is being used by several agencies, but that Primer knows not which ones. On the commercial side, retail giant Walmart is now a customer. Primer emphasizes they are working to enable more complex reports, like automatically generated maps that pinpoint locations of important events. The company is based in San Francisco and is hiring for several prominent positions as of this writing.
Cynthia Murrell, December 22, 2017
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