Pryon Inc., an artificial intelligence startup that caters to large enterprises, said it has raised $100 million in new financing mostly backed by billionaire Thomas Tull.
About 80% of the Series B funding round comes from Tull through his multibillion-dollar US Innovative Technology Fund, Igor Jablokov, Pryon’s founder and chief executive officer, said in an interview. Other investors include Aperture Venture Capital, BootstrapLabs and Breyer Capital, Pryon said Tuesday in a statement viewed by Bloomberg News.
Pryon said it will use the funds to add to its team, expand into international markets and boost its partnerships. Before starting Pryon in 2017, Jablokov founded Yap, a speech recognition software company that was acquired by Amazon.com Inc. in 2011 and helped develop Alexa software. Jablokov named Pryon after the codename used by his startup.
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