# Pryon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pryon

- Industry: Software
- Headquarters: Raleigh, US
- Website: www.pryon.com
- Total disclosed funding: $128M
- Latest round: Series B (Sep 27, 2023)
- Investors on record: 18

## About

Pryon Inc. is a US-based company specializing in advanced AI-driven solutions that enhance enterprise capabilities through innovative retrieval-augmented generation technology for various sectors including defense and education.Founded in 2017 in Raleigh, US, Pryon Inc. focuses on providing AI solutions that integrate ingestion, retrieval, and generative engines. The company has secured a total of USD 98.564 mn through a Series B funding round led by US Innovative Technology Fund, with participation from notable investors such as Aperture Venture Capital and Duke Capital Partners. Pryon has completed 6 deals, with their latest funding round occurring on September 27, 2023, valuing the company at USD 429.091 mn post-money.Pryon offers advanced AI-driven solutions centered on its proprietary ingestion, retrieval, and generative engines, which enhance enterprise capabilities through retrieval-augmented generation (RAG). The Pryon Ingestion Engine processes fragmented multi-modal content into structured data for accurate retrieval. The Pryon Retrieval Engine handles natural language queries to extract relevant information securely. The Pryon Generative Engine utilizes both public and custom generative LLMs to create conversational responses from prompts. These products cater to a diverse clientele including Fortune 50 companies and federal agencies, deployed across North America, Europe, and Asia, aiming to improve productivity through AI innovations.Pryon generates revenue through strategic partnerships and subscription-based models that provide clients with access to its RAG suite. Clients integrate Pryon's engines into their workflows, supported by long-term contracts for ongoing updates and support. The company’s key offerings—Ingestion Engine, Retrieval Engine, and Generative Engine—drive demand among enterprises seeking optimized information retrieval and quick insights, with pricing structures tailored to meet specific needs across various industries.In September 2023, Pryon Inc. raised USD 98.56 mn in Series B funding to accelerate growth and expand its international reach. The company plans to invest this funding in collaboration efforts and hiring new staff. Pryon aims to launch new product offerings and expand into additional markets, further enhancing its global presence in the AI sector.

## Funding rounds

- Series B, Sep 27, 2023, $99M — Revolution Ventures, BootstrapLabs, Breyer Capital, Good Growth Capital, Omnimed Capital, Aperture Venture Capital, United States Innovative Technology, Duke Capital Partners
- Series A, Jun 5, 2019, $25M — Greycroft, Two Sigma Investments, Revolution Ventures, Stanford University, Plug and Play, BootstrapLabs, Tech Square Ventures, Breyer Capital, Good Growth Capital, Digital Alpha Advisors
- Seed, Aug 17, 2018, $4.5M — Greycroft, Two Sigma Investments, Revolution Ventures, BootstrapLabs, Triangle Angel Partners, Tech Square Ventures, Full Tilt Capital, Good Growth Capital, Carolina Angel Network, Attic Ventures

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed, Series A
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Seed, Series A
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Seed, Series A, Series B
- BootstrapLabs (https://capitalatlas.ai/funds/bootstraplabs) — Seed, Series A, Series B
- Triangle Angel Partners — Seed
- Tech Square Ventures (https://capitalatlas.ai/funds/tech-square-ventures) — Seed, Series A
- Full Tilt Capital (https://capitalatlas.ai/funds/full-tilt-capital) — Seed
- Good Growth Capital (https://capitalatlas.ai/funds/good-growth-capital) — Seed, Series A, Series B
- Carolina Angel Network (https://capitalatlas.ai/funds/carolina-angel-network) — Seed
- Attic Ventures (https://capitalatlas.ai/funds/attic-ventures) — Seed
- Stanford University — Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Series A, Series B
- Digital Alpha Advisors (https://capitalatlas.ai/funds/digital-alpha-advisors) — Series A
- Omnimed Capital (https://capitalatlas.ai/funds/omnimed-capital) — Series B
- Aperture Venture Capital (https://capitalatlas.ai/funds/aperture-venture-capital) — Series B
- United States Innovative Technology (https://capitalatlas.ai/funds/united-states-innovative-technology) — Series B
- Duke Capital Partners (https://capitalatlas.ai/funds/duke-capital-partners) — Series B