Enterprise Software Company Kryon Expands Tel Aviv Offices

New Jersey and Tel Aviv-based enterprise software company Kryon Systems Ltd. is expanding its research and development offices in Tel Aviv. A person familiar with the matter told Calcalist that the company has rented an 1,800 square-meter office building in southern Tel Aviv for $596,000 (NIS 2.2 million) per year.

Kryon develops and markets virtualized agents, or bots, designed to automate organizational processes like insurance claim processing, analyze data in organizational information systems, and send out emails to clients.

Founded in 2009, Kryon reports Allianz, HP, and Microsoft among its clients. The company has raised $13 million to date and employs 80 people, according to Pitchbook data.