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Writing proposals to fulfill requests-for-proposals (RFPs) and win funding is usually a slog, even for these organizations with expertise doing it — because it sometimes includes a mixture of offering tedious, repetitive however extremely particular data in many alternative kind fields, all whereas hewing to very stringent necessities. However getting it proper is every little thing for the organizations submitting proposals, because it’s the distinction between profitable a significant contract or shedding one.
Now, the UK-based startup AutogenAI believes this course of could be closely automated, with human supervision, and traders appear to agree.
Contemporary off its growth within the U.S. that VentureBeat coated in October, AutogenAI earlier at this time introduced it has raised a $39.5 million Collection B funding spherical co-led by heavy hitters together with Salesforce Ventures and Spark Capital, with contributions from Blossom Capital. That brings AutogenAI’s complete funding to-date to $65.3 million.
The corporate has no direct connection or relation to Microsoft’s AutoGen, an AI agent framework.
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A powerful basis based mostly in expertise
Based by serial entrepreneur and CEO Sean Williams, who started his journey as a bid author, AutogenAI has quickly developed into one of many fastest-growing generative AI firms within the UK.
Now, it’s making important strides globally, with its growth into the U.S. and Australia, spearheaded by appointed CEOs Elizabeth Lukas and Emma Crichton, respectively.
The core of AutogenAI’s providing lies in its superior bid-writing product suite. This suite is designed to revolutionize the best way organizations, starting from Fortune 500 firms to charities and nonprofits, strategy the extremely delicate and time-consuming bidding course of. By harnessing cutting-edge AI expertise, AutogenAI allows these organizations to craft bids, tenders, and proposals extra effectively and compellingly.
What units AutogenAI aside is the tangible impression of its software program on enterprise outcomes. Based on the corporate’s knowledge, purchasers have skilled a exceptional 30% uplift in win charges, translating to over $100 million in further work, whereas concurrently chopping related prices by as much as 85%.
Nowi Kallen, Managing Director at Salesforce Ventures, lauded the software program, stating in a press launch: “The investment in AutogenAI by Salesforce Ventures highlights our conviction that AutogenAI’s software is a game-changer for enterprises that secure business via tendering and drafting proposals. The entire landscape is being transformed by generative AI, and the revolutionary way AutogenAI employs this technology to assist companies to secure more business is groundbreaking.”
This sentiment was echoed by Debbie Brockbank, Interim Progress Director at Hinduja World Options, who described AutogenAI’s impression as considerably boosting the productiveness of bid groups.
“The quality of the complete finished bid is more consistent and cohesive,” Brockbank stated in a press launch. “The speed to get to the first cut is transformed. Contributors can get access to information quickly and communication in the organization is improved.”
In response to rising considerations round knowledge safety in AI adoption, AutogenAI has prioritized privateness and factual accuracy from its inception.
The corporate’s newest innovation, Bowdleriser, removes confidential data from company paperwork to retain privateness and safety, whereas offering externally shareable copies.
Tangible return-on-investment (ROI)
Williams expressed confidence within the distinct methodologies of AutogenAI, emphasizing the corporate’s dedication to reliable supply supplies as the muse of verifying data.
He famous the tangible return on funding that purchasers understand in a short while, leveraging the platform as a launchpad for embracing and increasing with generative AI.
As AutogenAI continues its upward trajectory, it stands to purpose that its expertise could quickly among the many customary toolkits of bid groups within the UK, US, Australia…and perhaps sometime quickly, past.
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