Pryon Positions as a Leader in AI Enhanced Knowledge Management with Funding and Talent Dynamics

New top executives and executives, as well as investments from Steel Perlot, Good Growth Capital and Micron Ventures signal Pryon’s acceleration

RALEIGH, NC, November 24, 2021– (COMMERCIAL THREAD) – Pryon, the artificial intelligence (AI) company founded by the inventors of the technologies behind today’s traditional digital assistants used by hundreds of millions of people daily, today announced new leadership and new funding that will bring the next generation of interactive knowledge management to the daily work experience.

Chris Mahl joined Pryon as President and Chief Revenue Officer to oversee company operations and drive growth strategies. Mahl brings extensive experience in corporate sales leadership from Oracle, Informatica and Salesforce and experience in corporate profitability over more than a decade advising startups and venture capital firms.

Following a tour de table tabled in September, Pryon also welcomed new board members and observers representing some of the industry’s leading venture capital funds, demonstrating continued confidence in the trajectory of the company. The cycle was supported by new investments from 3ig Ventures; Duke University Management Company (DUMAC); Gaingels; Micron Ventures; Piedmont Capital Partners; Group of private companies; Rex health companies; Samuel J. Palmisano, president of the Center for Global Enterprise and former president and CEO of IBM; and Steel Perlot, with existing participation from BootstrapLabs, Breyer Capital, Good Growth Capital, Greycroft and Revolution’s Rise of the Rest.

New board members include Kirsten Wolberg, former executive at DocuSign, PayPal and Salesforce; Michelle Ritter, CEO of Steel Perlot, a management company that incubates, invests and evolves businesses in today’s most demanding technical industries; and Chris Mahl from Pryon.

“It’s an amazing time for the Pryon platform,” Ritter said. “Steel Perlot believes applied AI will increasingly transform business on a large scale. Pryon applies machine learning and artificial intelligence to tackle a major issue of workplace productivity and knowledge management. , access and product to become a category definition business. “

Palmisano said, “As businesses accelerate their digital transformation, Pryon’s AI technology addresses organizations’ critical need to translate huge volumes of legacy content into actionable knowledge. “

Wolberg added, “Pryon has developed technology that fills a gap in the enterprise software stack. capabilities of their virtual assistants. The sky is really the limit for how the Pryon platform can be applied to deliver a unique level of precision and speed to enterprise knowledge management. I can’t wait to be part of their trip. “

Pryon applies AI-based Intelligent Document Processing (IDP) to augment unstructured data from disparate sources such as application knowledge bases, digital libraries, and document stores. Using proprietary computer vision and natural language engines, the company’s platform enriches content to increase accuracy. This Information Retrieval for Response to Questions (IRQA) capability enables users and systems to dynamically converse with previously static information. The platform’s API also rapidly expands the functionality of existing AI assistants, chatbots, and interactive voice response (IVR) facilities, which typically can only respond to a limited set of requests, reducing the need for customer service. business impact of contact centers and support services.

Mahl said, “From the moment I met the team, I have been incredibly impressed and feel the same level of energy, quality and vision that I saw when I was at Salesforce. and other successful, hyper-growing businesses. Our sole focus at Pryon is to transform corporate content into a cohesive asset that generates business value. “

About Pryon
Pryon is an artificial intelligence (AI) company focused on business knowledge management. Its natural language processing (NLP) platform turns unstructured data into experiences that increase productivity with unmatched precision and speed. Pryon’s automated machine learning engines deliver a rapid time to value by enriching existing content. This codeless approach prevents downtime and enables organizations to quickly maximize the business value trapped in their information assets. Pryon was founded by Igor Jablokov, whose previous company defined the state of the art for AI assistants and was acquired by Amazon to form the base of Alexa. For more information, please visit pryon.com or follow us on LinkedIn and Twitter.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211124005768/en/

Contacts

Kelly LeVoyer, Vice President of Communications at Pryon ([email protected])



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