Pryon

Pryon is a company that offers an artificial intelligence platform (AI) for data reading, organization, and retrieval for enterprise clients. Pryon primarily serves companies developing applications such as automations, chatbots, customer service, search, and voice assistants.

Pryon's platform is split into three main components: the AI engine, the Centralcentral Portalportal, and deployment tools. The AI engine automatically performs natural language processing, automatic model generation, automatic tuning through unsupervised learning and no-code tuning, as well asand automatic incorporation of all common business documents and web pages. The Centralcentral Portalportal can be accessed by users to create and maintain the collections of data needed for their applications.

In addition, Pryon can be integrated into any existing application through the company's documented REST API. Pryon also provides pre-built end userend-user interfaces designed for the web and mobile applications.

• Onboarding assistant: The onboarding assistant allows for newly hired employees to be onboarded by an assistant that can answer their questions.

In the automotive industry, manufacturers can use Pryon to beyond hands-free access to phone, media, and navigation controls, and building voice assistant solutions that help owners with maintenance, manual content, and troubleshooting information.

In the insurance industry, agencies are using deep search to process paperwork faster and create process automations that helpshelp users fill out forms and reports.

Telecommunication companies use Pryon's AI platform for customer services. According to Pryon, over 80% percent of customers' questions can be answered with a Q&A bot such as the company offers.

On November 13, 2018, Pryon announced raising $4.5 million in seed funding from Greycroft (lead investor), Two Sigma Ventures, Tech Square Ventures, Sequoia Scout, Rise of the Rest, Good Growth Capital, Full Tilt Capital, Engage Ventures, and Carolina Angel Network. The company planned to use theirits seed funding to officially launch theirits augmented intelligence platform.

On June 11, 2019, Pryon announced raising $20 million in series A funding from Rise of the Rest (lead investor), Stanford University Venture Fund, Two Sigma Ventures, Plug and Play, Greycroft, Good Growth Capital, Engage Ventures, Digital Alpha Advisors, Breyer Capital, and BootstrapLabs. The company planned to use theirits series A funding to develop strategic partnerships, increase its Fortune 500 customers, and invest in improvements the improvement of its augmented intelligence platform.