Cypris, a New York-based AI research platform for R&D teams, has raised $5.3 million in a venture funding round.
Investors
The round was led by Vocap Partners, with participation from Activate Venture Partners and BlueTree Capital. The company's institutional investors also include York IE and K20 Fund.
Vocap Partners provides capital, connections, and operational know-how to emerging B2B software and healthcare IT companies with disruptive potential. With offices in Atlanta, Georgia, and Vero Beach, Florida, Vocap has a strong track record of building and realizing value alongside entrepreneurs.
Cypris Use of Funds
The company will use the funding to accelerate the scaling of its AI-powered platform built to strengthen innovation-focused research for global R&D teams.
About Cypris
Cypris provides a market intelligence platform built for research and development and innovation teams. Its platform allows users to gain unique insights from over 500 million global data points to answer key questions about their market, competitors, core technologies, and more to support new product development and 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. Cypris' growing customer base includes leading Fortune 100 organizations, government agencies, universities, and research institutions.
Funding Details
Company: Cypris
Raised: $5.3M
Round: Venture Funding
Funding Month: July 2024
Lead Investors: Vocap Partners
Additional Investors: Activate Venture Partners, BlueTree Capital, York IE, K20 Fund
Company Website: https://www.cypris.ai/
Software Category: AI Research Platform
Source: https://www.prnewswire.com/news-releases/cypris-secures-5-3m-in-venture-funding-led-by-vocap-partners-302203402.html