Pryon

Pryon

AI platform for enhancing information access

About Pryon

Simplify's Rating
Why Pryon is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series B

Total Funding

$132.8M

Headquarters

Raleigh, North Carolina

Founded

2017

Overview

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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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Pryon's partnership with Carahsoft opens new revenue streams in the public sector.
  • Inclusion in the 2024 CB Insights AI 100 list boosts Pryon's visibility and investor appeal.
  • Oracle Cloud Infrastructure selection is expected to double Pryon's AI research productivity.

What critics are saying

  • Rapid AI advancements could render Pryon's technology outdated without continuous innovation.
  • Reliance on Oracle Cloud Infrastructure poses risks if service agreements change.
  • Complex enterprise content challenges the accuracy of Pryon's Retrieval-Augmented Generation solutions.

What makes Pryon unique

  • Pryon transforms unstructured data into machine-readable formats with its Ingestion Engine.
  • The company offers a no-code AI platform, minimizing operational disruptions for clients.
  • Pryon's Retrieval Engine provides secure, scalable RAG solutions for complex enterprise content.

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Funding

Total Funding

$132.8M

Above

Industry Average

Funded Over

5 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$100M
Pryon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

12%

2 year growth

12%
Securities.io
Dec 11th, 2024
Investing In Pryon Stock | How To Buy Pre-Ipo Shares

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

AiThority
Jul 26th, 2024
Pryon Unveils ETL Ingestion Engine to Unlock Value of Unstructured Data for Enterprise AI

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.

PR Newswire
Jul 25th, 2024
Pryon Unveils Etl Ingestion Engine To Unlock Value Of Unstructured Data For Enterprise Ai

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

GlobeNewswire
Jun 20th, 2024
Pryon and Carahsoft Partner to Bring Innovative AI Solutions to the Public Sector

"Carahsoft is thrilled to partner with Pryon to make its RAG-based AI solutions available to the Public Sector.

WRAL TechWire
Jun 2nd, 2024
Grep-A-Palooza Returns To Durham To Deliver Another Year Of Tech Startup Connections

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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