Cypris is a market intelligence platform that centralizes innovation data, providing live, AI-powered insights to address R&D challenges. Founded in 2019 and headquartered in New York City, Cypris aims to make innovation data accessible, understandable, and actionable by consolidating technology-driven research into a user-friendly, collaborative platform. The company's mission is to assist R&D and innovation teams in accelerating their strategy development by offering comprehensive insights derived from diverse data sets.
Key Strategic Focus
Cypris focuses on delivering actionable market intelligence to R&D teams, enabling them to make informed strategic decisions and enhance productivity. The platform specializes in aggregating and analyzing data from various sources, including patents, research papers, market news, and funding agencies. By leveraging AI technologies such as semantic search and Retrieval-Augmented Generation (RAG), Cypris offers real-time insights that help clients navigate complex innovation landscapes. The primary markets targeted include sectors with high R&D activity, such as pharmaceuticals, technology, and manufacturing.
Financials and Funding
Since its inception, Cypris has successfully completed multiple funding rounds:
- Pre-Seed Round (March 2019): Raised $250,000.
- Seed Round (January 2021): Secured $400,000, bringing the total funding to $650,000.
- Early Stage VC (October 2021): Amount undisclosed.
- Series A (December 2022): Amount undisclosed.
- Venture Round (June 2024): Raised $5.3 million, led by Vocap Partners.
Notable investors include Vocap Partners, Activate Venture Partners, BlueTree Venture Fund, K20 Fund, and York IE. The capital raised is intended to enhance the platform's AI capabilities, expand data sources, and scale operations to meet growing client demands.
Technological Platform and Innovation
Cypris distinguishes itself through its proprietary AI-driven platform that integrates multiple data sources to provide comprehensive market intelligence. Key technological features include:
- Semantic Search: Utilizes Natural Language Processing (NLP) to understand the context and intent behind user queries, delivering more accurate and relevant results.
- Retrieval-Augmented Generation (RAG): Combines external contextual knowledge with text generation to produce precise, context-aware answers, enhancing the reliability of insights.
- Data Aggregation: Consolidates information from patents, research papers, market news, and funding agencies, offering a holistic view of the innovation landscape.
These technologies enable Cypris to provide real-time, actionable insights that empower R&D teams to make informed decisions efficiently.
Leadership Team
Cypris is led by a team of experienced professionals:
- Steven Hafif: Co-Founder and Chief Executive Officer.
- Amir Achourie: Co-Founder and Chief Revenue Officer.
Both founders bring extensive expertise in market intelligence and technology, driving the company's strategic vision and growth.
Leadership Changes
In January 2025, Cypris appointed Chris Staymates as Chief Technology Officer, bringing additional expertise to the leadership team.
Competitor Profile
Market Insights and Dynamics
The market intelligence industry is experiencing significant growth, driven by the increasing need for data-driven decision-making in R&D and innovation. The integration of AI and machine learning technologies has enhanced the ability to process vast amounts of data, providing actionable insights that accelerate product development and strategic planning.
Competitor Analysis
Key competitors in the market intelligence space include:
- ZoomInfo Sales: Offers a comprehensive database of contact and company insights, facilitating sales and marketing strategies.
- Qualtrics Strategy & Research: Provides tools for market research, including survey design and data analysis, to inform business decisions.
- Semrush: Specializes in online visibility and content marketing, offering analytics and SEO tools.
- Demandbase One: Focuses on account-based marketing, providing insights to target and engage specific accounts effectively.
- Similarweb: Delivers digital intelligence solutions, analyzing web traffic and performance metrics.
These competitors offer various tools and platforms that cater to different aspects of market intelligence, each with unique features and capabilities.
Strategic Collaborations and Partnerships
In October 2024, Cypris collaborated with Elastic to embed vector search and RAG technologies into its AI-powered research platform. This partnership aims to enhance the platform's search capabilities and provide more precise insights to users.
Operational Insights
Cypris's strategic considerations include:
- Data Integration: Combining multiple data sources to provide a comprehensive view of the innovation landscape.
- AI-Driven Insights: Utilizing advanced AI technologies to deliver real-time, actionable intelligence.
- User-Centric Design: Ensuring the platform is intuitive and collaborative, facilitating efficient decision-making for R&D teams.
These factors position Cypris as a competitive player in the market intelligence industry, offering unique value to its clients.
Strategic Opportunities and Future Directions
Cypris's strategic roadmap includes:
- Platform Enhancement: Continuing to develop and integrate advanced AI capabilities to improve data analysis and insight generation.
- Market Expansion: Targeting additional industries with high R&D activity to broaden the client base.
- Partnership Development: Establishing collaborations with technology providers and research institutions to enhance data sources and analytical tools.
By leveraging its current strengths and focusing on these strategic areas, Cypris aims to solidify its position as a leader in the market intelligence sector.
Contact Information
- Website: cypris.ai
- Headquarters: New York, NY, United States
