AutogenAI, a London, UK-based provider of an AI-powered platform that enables organisations to create persuasive bids, raised $22.3M in funding.
The round was led by Blossom Capital.
The company intends to use the funds to develop its technology further and accelerate the profitable growth of the business, including international expansion.
Led by Sean Williams, founder and CEO; Tricia Blatherwick, CCO; Raj Khaira, COO; and Daniel Whitston, CTO, AutogenAI leverages generative AI to help companies write bids and tenders for public sector and corporate contracts covering all industry verticals – including consultancy, IT, health, transport, construction and more. The system uses the capabilities of large language models (LLMs), integrating them with an organisation’s existing data, to tackle the difficulties of safety, accuracy, and convenience that arise when using LLMs. Custom-made Language Engines are built for each customer, allowing them to generate content that is backed up by publicly and privately available facts and data.
In six months, AutogenAI has won 28 clients, including a global management consultancy, global BPO organisations, quoted and private construction companies and facilities management businesses, as well as charities and non-profits applying for grant funding.
FinSMEs
27/07/2023