Cypris, a NYC-based provider of an AI research platform for R&D teams, raised $5.3M in funding.
The round was led by Vocap Partners, with co-investors Activate Venture Partners and BlueTree Capital, with participation from York IE and K20 Fund.
The company intends to use the funds to accelerate the scaling of their AI-powered platform built to strengthen innovation-focused research for global R&D teams.
Led by CEO Steve Hafif, Cypris provides a market intelligence platform built for research and development and innovation teams. Designed to serve as a single ecosystem for global innovation data, its platform allows users to gain insights from 500M+ global data points to answer key questions about their market, competitors, core technologies, and more to support new product development, commercial strategy, and accelerate global innovation.
Their offering includes an AI-powered research platform with LLM-driven insights, semantic search, advanced data monitoring, and more, in addition to a team of data analysts working on bespoke research using their focused technical database.
Cypris’ customer base includes leading Fortune 100 organizations, government agencies, universities, and research institutions.
Commenting on the news, Steve Hafif said: “What we’ve all experienced over the last few years with the acceleration of AI is just the tip of the iceberg of what’s to come in terms of rapid technological disruption. Every organization around the world is questioning how their markets are going to evolve over the next decade. Without a clear picture of the ongoing state of innovation within their field, they’re flying blind.“
FinSMEs
23/07/2024