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

This is where the advantages of NFV orchestration come in. One of the components of ETSI MANO stack, the virtual network function (VNF) manager, is able to coordinate and automate many of these tasks. By working closely with a virtual infrastructure manager such as OpenStack, it is able to request the creation of VMs, and trigger instantiation and initial configuration of the VNF. The VNF manager (VNFM) role goes even further - once the VNF is operational, it can automate the collection of alarms and performance metrics from the VNF itself as well as from the network functions virtualization infrastructure (NFVI) on which it is hosted. It can even trigger scaling and healing of the VNF based on these metrics and alarms.


Other News
SOFTWARE

Malbek Introduces Additional Platform AI Functionality and CLM Value Assessment Tool

Malbek | May 10, 2022

Malbek, the most cutting-edge, AI-fueled Contract Lifecycle Management (CLM) platform, today announced from the CLOC Global Institute conference the availability of its expanded platform capabilities and a new CLM Value Assessment tool. Malbek's new functionality puts the spotlight on real time Redline Recommendations. Using the platform's proprietary Lifecycle AI running NLP Heuristics with Semantic Analysis, this functionality helps to identify all contracts with similar asks received from the counterparty during negotiation and then recommends to the user the best position to take, balancing historical tolerance for risk and the need for speed. This powerful new capability reduces negotiation round trips by reminding users where they usually end up post-negotiation, saving unnecessary negotiation time and further improving efficiency in contract management. "It is our belief that AI should be transparent and not intimidating for users and should be designed to get the most from the entire contracting lifecycle, not just from a single point in time. The new Redline Recommendation innovation is a valuable addition to our platform and will help our customers accelerate contract negotiation cycles even more." Hemanth Puttaswamy, CEO of Malbek The company's new CLM Value Assessment tool is designed to help leaders and contract management professionals evaluate the people, processes, and technology involved in contract management at their organization. After taking the assessment, a customized report is delivered, providing key considerations and helpful resources to guide respondents through the next steps in their CLM initiative. "We have always believed that contract management initiatives should follow this order - people, processes, and then technology," Becky Holloway, VP of Marketing pointed out. "That's why we felt strongly about bringing this new CLM Value Assessment to the broader market as a free resource." This week, Malbek is available to discuss these updates and more at the CLOC Global Institute conference. In addition, Malbek will participate in the session "Agents of Change: Leveling up Legal Operations to Maximize Business Growth" taking place on May 10, from 10:30 - 11:45 AM PT. About Malbek Malbek is today's most modern, cutting-edge CLM solution with a proprietary AI core that empowers the enterprise to do more with less. By supporting the growing contracting demands of your entire organization, including Sales, Finance, Procurement, and other critical business units, Malbek's CLM solution delights every user. Malbek provides end-to-end contract management with out-of-the-box integration to popular business applications, like Salesforce, NetSuite, Slack, Office 365, and others, allowing your contract data to flow seamlessly while dramatically reducing cycle times.

Read More

Denodo to Host Experts Roundtable Series on Data Management in the Cloud

Denodo | June 23, 2020

Denodo, the leader in data virtualization, will host its Experts Roundtable Series across North America, EMEA, and APAC starting June 25th. The roundtable features data experts from some of the most prominent cloud platform providers, systems integrators, and Denodo customers along with Denodo’s own subject matter experts. Filled with expert opinions and audience interaction, this roundtable will provide cloud and data management best practices!

Read More

c enhances export control compliance with new E2open partnership

E2open | July 21, 2020

Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, is set to streamline regulatory compliance screening processes for shipments via a new partnership with E2open, a leading provider of intelligent supply chain solutions. Scheduled to be fully operational by November, the E2open application implementation will enable Etihad Cargo to automate cargo screening against global regulations and sanctions leveraging E2open’s global trade content. The automated solution will simultaneously improve efficiency, streamline workflows, minimise the risk of fines and penalties, and reduce the manual time associated with screening cargo. “Aside from being labour intensive, navigating the constantly changing regulations and export/import requirements often requires coordination across multiple parties and compliance checks,” said Andre Blech, head of operations and delivery at Etihad Cargo. “Our partnership with E2open, which shares our vision for a truly digital logistics supply chain, increases Etihad Cargo’s service quality to customers, who benefit from the increased efficiency of real time verification.” “As carriers move goods around the globe, they face major challenges navigating through relevant trade regulations, sanctions and embargoes. Together with Etihad Cargo, E2open is streamlining the process to dramatically simplify the complexity of staying abreast of ever evolving trade regulations, automating the screening of shipments, thereby providing best in class compliance safeguards for Etihad customers while reducing shipment processing costs,” said Santosh Nanda, general manager of E2open’s Logistics Service Providers business unit.

Read More

Acronis Releases Hardened Backup Solution Specifically Designed to Meet the Unique Needs of Air-Gapped Networks

Acronis | August 05, 2020

SCHAFFHAUSEN, Switzerland, 05 August 2020 – Acronis, a global leader in cyber protection, announced today the launch of Acronis Cyber Backup SCS Hardened Edition, a full disk image backup solution designed specifically for ‘no internet’ air-gapped networks. Based on the same code base as Acronis SCS’ Department of Defense Information Network Approved Products List (DoDIN APL) certified solution, Acronis Cyber Backup SCS Hardened Edition delivers complete protection for critical assets and data across the most sensitive national security, industrial, and financial environments, including weapons testing sites, development labs, training simulators, deployed military elements, supervisory control and data acquisition (SCADA) and industrial control systems, and more.

Read More

Spotlight

This is where the advantages of NFV orchestration come in. One of the components of ETSI MANO stack, the virtual network function (VNF) manager, is able to coordinate and automate many of these tasks. By working closely with a virtual infrastructure manager such as OpenStack, it is able to request the creation of VMs, and trigger instantiation and initial configuration of the VNF. The VNF manager (VNFM) role goes even further - once the VNF is operational, it can automate the collection of alarms and performance metrics from the VNF itself as well as from the network functions virtualization infrastructure (NFVI) on which it is hosted. It can even trigger scaling and healing of the VNF based on these metrics and alarms.

Resources