Cypris Secures $5.3M to Enhance AI Research Platform for R&D Teams
Cypris is dedicated to transforming how organizations conduct research and develop insights into their industries and technologies.
Company Name: Cypris
Location: New York City, NY
Sector: AI, Market Intelligence, Research and Development
Funding Details: Raised $5.3 million in funding led by Vocap Partners. Co-investors include Activate Venture Partners and BlueTree Capital, with additional participation from York IE and K20 Fund.
Purpose of Investment: To accelerate the scaling of their AI-powered platform designed to enhance innovation-focused research for global R&D teams.
Leadership: Led by CEO Steve Hafif.
Product and Innovation: Cypris offers a comprehensive market intelligence platform tailored for R&D and innovation teams. The platform integrates AI to provide insights from over 500 million global data points, helping users navigate market dynamics, competitive landscapes, and technological advancements. Features include LLM-driven insights, semantic search, and advanced data monitoring.
Company Growth: Aimed at empowering R&D teams across various sectors, Cypris supports a diverse customer base including Fortune 100 companies, government entities, universities, and research institutions. The platform is designed to facilitate new product development, commercial strategy, and accelerate innovation on a global scale.
About the Company: Cypris is dedicated to transforming how organizations conduct research and develop insights into their industries and technologies. By leveraging AI and a vast technical database, Cypris aims to provide actionable intelligence that informs strategic decision-making and fosters innovation.
Future Plans: With the new funding, Cypris plans to expand its platform’s capabilities and reach, further supporting organizations in their quest to stay ahead of technological disruptions and market evolutions. The investment will also enhance the company's ability to offer customized research solutions to its clients, ensuring they have the necessary tools to navigate future challenges in their respective fields.