Cypris, a New York-based provider of a research platform for R&D teams, raised $4M in Series A funding.
The round was led by York IE with participation from Activate VP, K20 Fund and BlueTree Capital.
The company intends to use the funds to expand its development efforts and business reach.
Led by CEO Steve Hafif, Cypris is a market intelligence platform built for research and development and innovation teams. Designed to serve as a single ecosystem for global innovation data, the 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.
Through the platform, users can run queries on virtually any keyword, competitor name or forward-looking concept and receive an automated and interactive report built on the historical and current status of innovation on the field or company. The data is pulled from a large proprietary database that the team curates and updates daily, which consists of major datasets like research papers, patents, product launch news, and more.
