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New Deal


Announced

Completed

USIT led the $100m Series B round in Pryon.

Financials

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Transaction Value£80m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

AI company

IT Services: Other

Cross Border

Domestic

Minority

Private

Private Equity

Completed

Friendly

Single Bidder

Acquisition

Venture Capital

Synopsis

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US Innovative Technology Fund, an investment firm, led the $100m Series B round in Pryon, an enterprise AI and machine learning company, with participation from Aperture Venture Capital, BootstrapLabs, Breyer Capital, Duke Capital Partners, Good Growth Capital, Omnimed Capital and Revolution’s Rise of the Rest Seed Fund. “My lifelong goal, and Pryon’s mission, is to reduce the distance between knowledge and people, especially for those who make up the backbone of critical infrastructure. Our platform brings organizations to a state of knowledge flow, empowering a decision advantage grounded in confidential, trusted, and verifiable information. This funding round ensures Pryon’s continued leadership in transforming previously static content into actionable intelligence within academic, commercial, government, and nonprofit environments. We are galvanized to usher in this next phase of our evolution and are intensely proud to partner with Thomas Tull and his USIT team, who also recognize the immense value this technology delivers to the world,” Igor Jablokov, Pryon Founder and CEO.

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