Raleigh AI startup Pryon, led by Triangle-based serial entrepreneur, raises $12M

RALEIGH – Pryon, an artificial intelligence company based in Raleigh, has raised nearly $12 million in equity funding, according to an SEC filing.

The company is led by CEO Igor Jablokov, an entrepreneur who sold his previous company, Yap, to Amazon.

According to the filing, 28 investors participated in the fundraising round.

The company raised more than $24 million in 2019.  In April, the company was the only North Carolina firm listed on the 2021 CB Insights’ AI 100, a global ranking of 100 AI companies that were selected from a possible pool of 6,000 firms, according to CB Insights.

The company was noted as a Tweener on Scot Wingo’s annual list of top firms in the Triangle.

“Igor Jablokov sold his last company, Yap, to Amazon and they use it in this niche product called Echo/Alexa, so Igor has a really serious AI/Natural language background,” Wingo wrote.

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According to the company’s website, it “delivers augmented intelligence for the enterprise.”

Its platform aims to connect “employees to digital transformation, extending their ability to find and use knowledge, drive workflows, and make better decisions from wherever they are,” the company website reads.

Prior investors in the company include Steve Case’s Rise of the Rest, Breyer Capital, Greycroft, and Digital Alpha Advisors, among others.

The company notes on its website that use cases for its platform include ones in the automotive, financial, insurance, telecom, manufacturing, and healthcare sectors.  It also notes that the technology works “out-of-the-box” and does not require coding, special skills, or a professional service contract in order to deploy.

Steve Case, other investors pour $20M into Raleigh AI startup Pryon

 

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