Pryon, a US-based developer of intelligent enterprise software, has completed a $20m series A round featuring Engage, a venture capital partnership formed by a syndicate of corporates.
Revolution’s Rise of the Rest Seed Fund led the round, which included Breyer Capital, Greycroft, Digital Alpha Advisors, BootstrapLabs, Good Growth Capital and Two Sigma Ventures.
Pryon is working on artificial intelligence (AI)-powered software that will help businesses fulfil functions such as accessing data or making more informed decisions.
Engage had joined Rise of the Rest Seed Fund, Greycroft, Two Sigma and BootstrapLabs to provide $4.5m of seed capital for the startup when it launched in November 2018.
AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia-Pacific, Georgia Power Foundation, Intercontinental Exchange, Invesco, Home Depot and UPS are among Engage’s members, as is investment banking firm Goldman Sachs.
Pyron chief executive Igor Jablokov said: “There is an opportunity for organisations to revolutionise their workplaces by giving employees the power of AI at their command.
“We fill the market space between emerging technologies that are difficult and expensive to implement and existing products that are designed for simple rules-based services.”