AutogenAI Raises $22.3M in Funding for AI-Powered Bidding Platform
AutogenAI, a London-based provider of an AI-powered platform that enables organisations to create persuasive bids, recently announced that it has raised $22.3M in funding. The round was led by Blossom Capital, a well-known venture capital firm. With this funding, AutogenAI plans to further develop its technology and accelerate the profitable growth of the business, including expanding its operations internationally.
Founded by Sean Williams, Tricia Blatherwick, Raj Khaira, and Daniel Whitston, AutogenAI leverages the power of generative AI to help companies write bids and tenders for public sector and corporate contracts across various industry verticals such as consultancy, IT, health, transport, and construction.
The system incorporates large language models (LLMs) and integrates them with an organisation's existing data to address the challenges of safety, accuracy, and convenience that arise when using LLMs. Each customer receives custom-made Language Engines, allowing them to generate content that is supported by publicly and privately available facts and data.
In just six months, AutogenAI has already onboarded 28 clients, including prestigious global management consultancies, BPO organisations, quoted and private construction companies, facilities management businesses, as well as charities and non-profits seeking grant funding. This rapid success is a testament to the effectiveness and value that AutogenAI brings to its customers, helping them streamline and improve their bidding processes.
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