Primer.ai was founded in 2015 by Sean Gourley. The company has not publicly endorsed plans to participate in an IPO.
Primer is the developer of an AI-powered solution aimed at the defense and security industries. Along with the U.S. Government, Primer's customers include companies such as Microsoft, AT&T, Walmart, and Starbucks. In 2022 the company acquired LightTag and Yonder. Primer has raised more than $160 in venture capital funding from investors including Addition, Steadfast, Sands Capital, Lux Capital, DCVC, and Amplify Partners. The company did not disclose valuation figures following a $110 million Series C funding round in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
06/14/2023 | Series D-1 | $25.88MM | $xx.xx | $312.77MM | Addition, U.S. Innovative Technology Fund | |
Price per Share
$xx.xx
Shares Outstanding
26,835,721
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
0.9x
Dividend Rate
11.6%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, U.S. Innovative Technology Fund
|
||||||
06/14/2023 | Series D | $43.12MM | $xx.xx | $312.77MM | Addition, U.S. Innovative Technology Fund | |
Price per Share
$xx.xx
Shares Outstanding
33,544,646
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
0.9x
Dividend Rate
6.5%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, U.S. Innovative Technology Fund
|
||||||
06/22/2021 | Series C-1 | $2.44MM | $xx.xx | $540.14MM | Addition, Crumpton Ventures, J2 Ventures, Sands Capital, Steadfast Capital | |
Price per Share
$xx.xx
Shares Outstanding
172,840
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, Crumpton Ventures, J2 Ventures, Sands Capital, Steadfast Capital
|
||||||
06/22/2021 | Series C-1 Exchange | $2.44MM | $xx.xx | $540.14MM | Addition, Crumpton Ventures, J2 Ventures, Sands Capital, Steadfast Capital | |
Price per Share
$xx.xx
Shares Outstanding
172,840
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
3.0x
Dividend Rate
10.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, Crumpton Ventures, J2 Ventures, Sands Capital, Steadfast Capital
|
||||||
06/22/2021 | Series C Exchange | $40MM | $xx.xx | $540.14MM | Addition, Crumpton Ventures, J2 Ventures, Sands Capital, Steadfast Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,262,904
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
3.7x
Dividend Rate
7.4%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, Crumpton Ventures, J2 Ventures, Sands Capital, Steadfast Capital
|
||||||
06/22/2021 | Series C | $40MM | $xx.xx | $540.14MM | Addition, Crumpton Ventures, J2 Ventures, Sands Capital, Steadfast Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,262,904
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, Crumpton Ventures, J2 Ventures, Sands Capital, Steadfast Capital
|
||||||
11/15/2018 | Series B | $20.7MM | $xx.xx | $192.97MM | Ame, Amplify, Avalon, Bloomberg Beta, Crosslink, Dcvc, In-Q-Tel, Lux Capital, Mubadala Ventures, Section 32 | |
Price per Share
$xx.xx
Shares Outstanding
2,336,443
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ame, Amplify, Avalon, Bloomberg Beta, Crosslink, Dcvc, In-Q-Tel, Lux Capital, Mubadala Ventures, Section 32
|
||||||
11/15/2018 | Series B Exchange | $20.7MM | $xx.xx | $192.97MM | Ame, Amplify, Avalon, Bloomberg Beta, Crosslink, Dcvc, In-Q-Tel, Lux Capital, Mubadala Ventures, Section 32 | |
Price per Share
$xx.xx
Shares Outstanding
2,336,443
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.9x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ame, Amplify, Avalon, Bloomberg Beta, Crosslink, Dcvc, In-Q-Tel, Lux Capital, Mubadala Ventures, Section 32
|
||||||
10/24/2017 | Series A | $11.04MM | $xx.xx | $40.63MM | Ame Cloud Ventures, Amplify Partners, Avalon Ventures, Bloomberg Beta, Crosslink Capital, Data Collective, In-Q-Tel, Lux Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,414,208
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ame Cloud Ventures, Amplify Partners, Avalon Ventures, Bloomberg Beta, Crosslink Capital, Data Collective, In-Q-Tel, Lux Capital
|
||||||
01/01/2015 | Series Seed | $3.5MM | $xx.xx | $14MM | Avalon Ventures, Lux Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,893,988
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Avalon Ventures, Lux Capital
|