AI TECH

Pryon Positions for Leadership in AI-Enhanced Knowledge Management With Funding and Talent Momentum

Pryon | November 25, 2021

AI
Pryon, the artificial intelligence (AI) company founded by the inventors of the technologies behind today’s mainstream digital assistants used by hundreds of millions of people per day, announced today new leadership and funding that will bring the next generation of interactive knowledge management to the everyday work experience.

Chris Mahl joined Pryon as President and Chief Revenue Officer to oversee corporate operations and drive growth strategies. Mahl brings an extensive background in enterprise sales leadership from Oracle, Informatica and Salesforce and a track record of bringing companies to profitability in more than a decade of advising startups and venture capital firms.

On the heels of an equity financing round filed in September, Pryon also welcomed new board members and observers representing some of the industry’s leading venture capital funds, signaling continued confidence in the company’s trajectory. The round was supported with new investments by 3ig Ventures; Duke University Management Company (DUMAC); Gaingels; Micron Ventures; Piedmont Capital Partners; Private Ventures Group; Rex Health Ventures; Samuel J. Palmisano, Chairman of the Center for Global Enterprise and former Chairman 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.

Incoming board members include Kirsten Wolberg, former executive with DocuSign, PayPal and Salesforce; Michelle Ritter, CEO of Steel Perlot, a management company incubating, investing in, and scaling companies in today’s most challenging technical industries; and Pryon’s Chris Mahl.

“This is an incredible time for Pryon’s platform. Steel Perlot believes applied AI will increasingly transform business at scale. Pryon is applying machine learning and artificial intelligence to tackle a massive problem in workplace productivity and knowledge management. We invested in Pryon’s mission and team because we believe it has the technical depth, leadership, access, and product to become a category-defining company.”

Michelle Ritter, CEO of Steel Perlot

Palmisano said, “As businesses are accelerating their digital transformation, Pryon's AI technology addresses the critical need for organizations to translate massive volumes of legacy content into actionable knowledge.”

Wolberg added, “Pryon has developed technology that fills a gap in the enterprise software stack. In my experience, what the company offers is critical for organizations who deal with large amounts of application or document-based data, or those who want to expand the capabilities of their virtual assistants. The sky is really the limit for how Pryon’s platform can be applied to provide a unique level of accuracy and speed to the management of enterprise knowledge. I look forward to being a part of their journey.”

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 the content to boost accuracy. This information retrieval for question answering (IRQA) capability allows 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) installations, which can typically only respond to a limited set of requests, reducing the business impact of contact centers and help desks.

Mahl said, “Since the moment I met the team, I have been incredibly impressed and sense the same level of energy, quality and vision I witnessed in my time at Salesforce and other successful companies in hyper growth. Our sole purpose at Pryon is to transform enterprise content into a cohesive asset that drives business value.”

About Pryon
Pryon is an artificial intelligence (AI) company focused on enterprise knowledge management. Its natural language processing (NLP) platform transforms unstructured data into experiences that increase productivity with unmatched accuracy and speed. Pryon’s automated machine learning engines deliver rapid time to value by enriching existing content. This no-code approach prevents operational disruption and allows organizations to quickly maximize the business value trapped within 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 basis for Alexa.

Spotlight

In the Internet of Things (IoT), devices and objects that were once autonomous are now connecting to each other, to the Internet, and in many cases, both. Many of these devices are battery powered and the more sophisticated and feature-rich the device, the more power it consumes. In this IoT world of battery powered devices, longevity and extended stay-on power is critical and expected.

Spotlight

In the Internet of Things (IoT), devices and objects that were once autonomous are now connecting to each other, to the Internet, and in many cases, both. Many of these devices are battery powered and the more sophisticated and feature-rich the device, the more power it consumes. In this IoT world of battery powered devices, longevity and extended stay-on power is critical and expected.

Related News

SOFTWARE

Smarsh Launches Smarsh Enterprise Platform for Compliance Teams

Smarsh | June 17, 2022

The Smarsh Enterprise Platform was updated today by Smarsh, the global leader in digital communications compliance and intelligence. By providing centralized administration and governance across all forms of communication, including email, social media, instant messaging, and voice, the platform is built to satisfy the particular needs of global compliance programs. The latest version of the Smarsh Enterprise platform supports over 100 communication types, uses intelligent data management to cut compliance retention costs by up to 50%, and provides industry-leading cloud encryption for data security that is superior to on-premise solutions. "Global compliance programs are under pressure like never before. As businesses become increasingly global, they are challenged by complying with ever-changing regulations across multiple geographies. Modern compliance, therefore, must take a global view. Your hybrid workforce and customers can be anywhere, regulatory and corporate guidelines can vary, and agile compliance demands a secure cloud solution. Only Smarsh offers a comprehensive platform that enables compliance programs to proactively spot regulatory and reputational risks sooner. If companies get this right, they will build even greater trust with their own customers." Kim Crawford Goodman, CEO at Smarsh The Smarsh Enterprise Platform, the newest in communications intelligence, is a significant step forward for regulated enterprises. It allows them to uncover danger and insights from petabytes of electronic communications generated from a variety of sources. Regulatory scrutiny is certainly going to get more sophisticated, and the volume and complexity of data will only increase. Artificial intelligence and the flexibility and performance of the public cloud, two essential components of this innovative platform, are the only ways for these enterprises to truly use their digital communications intelligence on a global scale. "Communications archives have long been considered the final resting place for organizations. Now, with rapidly evolving compliance regulations and expanded surface area of corporate risk, archives have to evolve to deliver critical business insights. As a market leader with the most comprehensive product portfolio, Smarsh is uniquely positioned with the Enterprise Platform to help businesses surface actionable insights, with the simplicity and scale required for today's data needs and future-proof compliance infrastructure," said Goutam Nadella, Chief Product Officer at Smarsh.

Read More

FUTURE TECH

No-Code Solution Bubble and Microsoft for Startups to Launch Founders’ Hub Partnership

Bubble | July 08, 2022

Bubble—the leading no-code platform empowering entrepreneurs to build their own web apps and marketplaces— is partnering with Microsoft for Startups to further aid founders and entrepreneurs from idea to exit. Available on the recently-launched Founder’s Hub, Bubble is currently one of only six external companies partnered with Microsoft for Startups. Bubble’s no-code service is at present the only of its kind in Microsoft for Startups’s Founder’s Hub library, offering a way for founders to efficiently and easily build production-ready web apps. Bubble provides a faster, easier, and more inclusive way of creating software than traditional engineering. With this partnership, Bubble furthers its commitment to bring no-code software development from the cutting edge of technology to the mainstream. An easy-to-use drag-and-drop interface allows for anyone to develop a complex web app with any add-on features or backend database systems it may require. “We are proud to partner with Microsoft for Startups, a platform completely aligned with our goal of empowering founders to build a sustainable, long-term business and championing their most ambitious vision,” said Emmanuel Straschnov, Bubble founder and co-CEO. “Bubble is a unique comprehensive tool that lets you build anything without relying on engineers and with the support of our inventive community.” Microsoft for Startups helps remove traditional barriers to building a company with free access to technology, coaching, and support. The aim of the program is to create and maintain a healthy ecosystem where its partners and customers can succeed and grow. Startups play a pivotal role in a thriving ecosystem given their outsized ability to push entire markets forward. “We are partnering with innovative companies like Bubble to help founders achieve more. “As a part of Microsoft for Startups Founders Hub, startups can now receive access to Bubble’s visual programming platform designed to allow our founders to build fast and responsive web applications that scale.” Kirk Safford, Director of Microsoft for Startups Bubble’s no-code platform empowers people without programming skills to design and launch their own digital apps, marketplaces, or tools for solving their business problems. Bubble’s digital editor and cloud-hosted platform allows users to launch a web application for as low as $25 per month, saving on average between $200,000-300,000 of dollars per year on engineering costs. This year, Bubble is celebrating its tenth company anniversary and reached a new milestone of more than 2 million users. ABOUT BUBBLE Bubble is the most powerful no-code platform. Bubble offers a point-and-click web editor and cloud hosting platform that allows users to build fully customizable web applications and workflows, ranging from simple prototypes to complex marketplaces, SaaS products, and more. Over 2 million users are currently building and launching businesses on Bubble - many have gone on to participate in top accelerator programs, such as Y Combinator, and even raise hundreds of millions in venture funding. Bubble is more than just a product. We are a strong community of builders and entrepreneurs, united by the belief that everyone should be able to create technology. Learn more at bubble.io or follow us on Twitter at @bubble. ABOUT MICROSOFT FOR STARTUPS Designed to support all founders from idea to exit, Microsoft for Startups Founders Hub brings together the technology, guidance, and support young businesses need to hit their next milestones. Microsoft for Startups Founders Hub meets founders where they are, offering best-in-class developer tools and a breadth of cloud offerings across every function, so startups can reduce costs and accelerate development with a partner they can trust.

Read More

SOFTWARE

Volkswagen Group Software Powerhouse CARIAD Selects BlackBerry QNX for its Software Platform

BlackBerry | July 07, 2022

BlackBerry Limited today announced that CARIAD, the Volkswagen Group's software company has selected BlackBerry® QNX® technology as one component of its software platform VW.OS. Announced as part of Volkswagen Group's NEW AUTO strategy, CARIAD is developing a unified software platform that consists of VW.OS, the Volkswagen Cloud VW.AC and a scalable, unified end-to-end electronic architecture. The platform will be available for Volkswagen Group brands from the middle of the decade. BlackBerry will license its BlackBerry QNX technology to CARIAD, including its QNX® OS for Safety 2.2. It will be integrated in CARIAD's software platform VW.OS, specifically in the stack for advanced driver assistance systems and automated driving functions (ADAS/AD). Within this ADAS/AD stack of VW.OS, QNX OS for Safety 2.2 will serve as a reliable, safe and secure foundation. As part of the agreement, BlackBerry QNX will also provide professional engineering and consulting services for system-level integration, performance optimization, and solution validation. "From chip to cloud, BlackBerry QNX is trusted by the world's leading automotive companies for our leading-edge embedded software solutions that deliver safety, reliability and security. "With the industry coalescing around the pursuit of the software-defined vehicle, we look forward to working closely with CARIAD to help enable the cutting-edge cars of the future." John Wall, SVP and Head, BlackBerry Technology Solutions Based on BlackBerry's advanced and secure QNX® Neutrino® real-time operating system (RTOS), QNX OS for Safety is a fully POSIX compliant, open standards-based operating system that embedded developers can use to build safety-critical systems and has been certified to ISO 26262 ASIL D, the automotive industry's highest functional safety standard. With a pre-certified, scalable microkernel RTOS, the solution enables automakers and embedded software developers in a wide variety of industries to accelerate their development timelines and reduce the cost in moving projects from research to production. BlackBerry's pedigree in safety, security, and continued innovation has led to the use of its QNX technology in production programs with 45 different OEMs, 7/7 of the top Tier 1s and over 215 million vehicles worldwide. About BlackBerry BlackBerry provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including 215M vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint security, endpoint management, encryption, and embedded systems. BlackBerry's vision is clear - to secure a connected future you can trust.

Read More