Pryon, a Raleigh, N.C.-based company provider of an AI-enhanced knowledge management platform, closed a $100 million Series B funding.
The round was led by Thomas Tull’s US Innovative Technology Fund (USIT), with participation from Aperture Venture Capital, BootstrapLabs, Breyer Capital, Duke Capital Partners, Good Growth Capital, Omnimed Capital, Revolution’s Rise of the Rest Seed Fund, and others.
U.S. Innovative Technology (“USIT”) is an investment firm that backs early- and growth-stage technology companies with dual-use applications to the commercial sector and defense industry, including, defense-tech, artificial intelligence, logistics, space, tech bio, and the future of compute.
As part of the Series B round, Carolyne LaSala from Good Growth Capital and Elizabeth Stein from USIT joined Pryon’s Board of Directors.
Pryon Used of Funds
This funding allows Pryon to accelerate its growth, augment its team, expand into international markets, and scale strategic partnerships.
Founded in 2017, Pryon provides knowledge management AI solutions for enterprises. Its full-stack AI-enhanced knowledge management platform transforms untapped digital assets from multiple sources into solutions that measurably improve outcomes. Pryon’s no-code technology can be deployed in a matter of days and is scalable to meet the advanced needs of multinational entities and the most secure federal government agencies. The company’s solutions are trusted by clients in the energy, financials, government, healthcare, industrials, materials, technology, and utilities sectors to provide them with a profound advantage.
Company: Pyron, Inc.
Round: Series B
Funding Month: September 2023
Lead Investors: US Innovative Technology Fund
Additional Investors: Aperture Venture Capital, BootstrapLabs, Breyer Capital, Duke Capital Partners, Good Growth Capital, Omnimed Capital, Revolution’s Rise of the Rest Seed Fund
Company Website: https://pryon.com/
Software Category: AI-enhanced Knowledge Management Platform