Pryon Raises $100M To Index And Analyze Enterprise Data
09/19/23, 12:07 PM
Location
Money raised
$100 million
Industry
software
Pryon, a startup developing an AI-powered platform to look for insights in — and surface answers from — enterprise knowledge bases, today announced that it raised $100 million in a funding round led by Thomas Tull’s U.S. Innovative Technology Fund.
Company Info
Location
4441 six forks road, suite 106-136
liège, liège, belgium
Additional Info
”Jablokov claims that it takes less than a second for Pryon to create, update or delete content on the platform in a privacy-preserving way — and that the platform leaves no trace of its indexing work. “It can meet the needs of the most regulated of environments, from energy to government, because of the unique way the platform safeguards content.” If you have legacy content in there, that’s OK, since Pryon uses computer vision, optical character recognition and handwriting recognition to understand what’s in there. Pryon has competition from the aforementioned Kendra as well as Microsoft SharePoint Syntex, which draws on knowledge bases to cobble together answers to company-specific questions. But Jablokov claims that Pryon is up to 2x more accurate than Kendra, ingests data up to 10x faster and can index billions of documents versus Kendra’s 100,000-document limit.