Pryon's platform, described as a "knowledge fabric", interfaces with third-party chatbots or channels, converting data into a searchable format. It is claimed to be up to twice as accurate as Amazon's Kendra, ingesting data up to 10 times faster and indexing billions of documents. The platform does not require migration of content and can create, update or delete content in less than a second. Pryon has secured large enterprise and public sector clients, including Dell, Nvidia, and Westinghouse, and has an annual recurring revenue in the seven figures.
Key takeaways:
- Pryon, an AI-powered platform startup, has raised $100 million in a funding round led by Thomas Tull’s U.S. Innovative Technology Fund, bringing its total raised to $137 million and valuing the company at between $500 million and $750 million.
- The new funding will be used to support Pryon's general growth, expand its team, increase its international presence, and scale its strategic partnerships.
- Pryon's platform, described as a "knowledge fabric", can interface with third-party chatbots or channels, converting various types of data into a searchable and usable format. It is claimed to be up to 2x more accurate and 10x faster than Amazon's Kendra, and can index billions of documents.
- Pryon has secured large enterprise and public sector clients, including Dell, Nvidia and Westinghouse, and is generating annual recurring revenue in the "seven figures".