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Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$132.8M
Headquarters
Raleigh, North Carolina
Founded
2017
Pryon provides an AI-powered platform that helps organizations reduce "knowledge friction," which is the time employees waste searching for information across various formats and locations. The platform uses technologies like Computer Vision, Optical Character Recognition, and Large Language Models to read and understand content, creating a "Knowledge Fabric" that serves as a reliable source of information. This allows employees to quickly access the data they need, improving productivity and operational efficiency. Pryon operates on a subscription model, charging clients based on the number of users and data processed, which ensures a steady revenue stream. The goal of Pryon is to streamline information access within organizations, enabling employees to focus on problem-solving rather than searching for information.
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Total Funding
$132.8M
Above
Industry Average
Funded Over
5 Rounds
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Pryon is a leading generative artificial intelligence service provider. The company secured a reputation for quality due to its product's simplicity and accuracy. Today, the firm provides enterprise clientele with reliable AI-powered search features that enable companies to unlock data volume efficiently. Pryon's positioning and unique feature set continue to drive demand for the company's stock. Notably, the company is privately held. If the company were to go public, it would have strong support from both the institutional and private investment sectors.Despite this demand, Pryon has not officially shared plans to host an IPO anytime soon
Pryon today announced the launch of its Pryon Ingestion Engine and associated SDK, an Extract, Transform, and Load (ETL) solution designed to unlock business value from unstructured data.
New solution converts data from diverse sources containing multimodal content into machine-readable data for AI applicationsRALEIGH, N.C., July 25, 2024 /PRNewswire/ -- Pryon today announced the launch of its Pryon Ingestion Engine and associated SDK, an Extract, Transform, and Load (ETL) solution designed to unlock business value from unstructured data. Leveraging Pryon's powerful, proprietary document processing models and pipelines, the new solution converts unstructured data—from various document types and formats—into machine-readable data, ensuring accuracy and usability for AI applications.Data holds tremendous business value for enterprise, yet much of it remains trapped in unstructured formats, in large volumes and across diverse sources. Fragmented data not only limits data access but also compromises quality and AI model performance. Processing unstructured data also requires significant effort and consumes a substantial amount of data engineers' time, impacting operational efficiency and overall innovation."Enterprises sit on troves of valuable knowledge, but it is often scattered across various locations, formats, and levels of quality. Unifying this information into a coherent, machine-readable form is a significant challenge," said Chris Mahl, President and COO, Pryon. "Our ingestion solution and SDK transforms mountains of unstructured data within an organization into a unified, structured format, enabling enterprises to build and deploy AI applications."Pryon's Ingestion Engine and SDK leverages cutting-edge filetype handling, layout analysis, OCR (Optical Character Recognition) and Handwritten Text Recognition (HTR), and semantic segmentation to extract critical insights from unstructured documents
"Carahsoft is thrilled to partner with Pryon to make its RAG-based AI solutions available to the Public Sector.
DURHAM — Grep-a-palooza, the tech startup conference started by Joe Colopy and his GrepBeat team, returns to Durham on June 4. The event will feature more than 25 speakers and panelists, including keynotes by Jesse Lipson of Levitate and Igor Jablokov of Pryon. According to Pete McEntegart, GrepBeat Managing Editor and frequent session moderator, this year looks “bigger and better than ever.”. Growth Conference. Much like the startup ecosystem that GrepBeat follows, Grep-a-palooza has a growth mindset. Started in 2022, Grep-a-palooza was part of a year of emergent events, eager to reconnect people after several years of COVID isolation
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Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$132.8M
Headquarters
Raleigh, North Carolina
Founded
2017
Find jobs on Simplify and start your career today