D.C. venture firm Revolution‘s Rise of the Rest Seed Fund led a $20 million Series A funding round in partnership with Breyer Capital,Greycroft and Digital Alpha Advisors for Raleigh, N.C.-based Pryon Inc. Previous investors including BootstrapLabs, Engage, Good Growth Capital and Two Sigma Ventures also participated in this funding round.
The North Carolina-based AI tech startup develops augmented intelligence for enterprise employers. The company plans to use this latest round of funding to develop its core product, grow its roster of Fortune 500 customers and develop strategic partnerships, a press release states.
“There is an opportunity for organizations to revolutionize their workplaces by giving employees the power of AI at their command,” CEO of Pryon Igor Jablokov said in a statement. “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.”
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