Inventive AI, a Mountain View, CA-based provider of an AI-driven tool for streamlining and optimizing RFP (Request for Proposal) and sales questionnaire workflows, raised $4M in funding.
The round was led by Sierra Ventures with participation from YCombinator, SOMA Capital, and General Catalyst.
The company intends to use the funds to further enhance its RFP processes through generative AI, empowering businesses to respond effectively and efficiently to RFPs and questionnaires.
Founded by Dhiren Bhatia and Gaurav Nemade, Inventive AI provides an AI-powered platform that transforms RFP workflows through generative AI, content management, and RFP intelligence. Key features include:
- Drafts with accurate responses: Using Inventive AI’s proprietary platform, customers generate first drafts with accurate responses rooted in their knowledge sources.
- Single hub for all knowledge sources: It acts as a centralized hub for all enterprise knowledge sources. From previously completed questionnaires and relevant documents, to content residing within internal data systems such as gDrive, Sharepoint, Salesforce, Seismic and more, any relevant content is automatically used to respond to questionnaires.
- Fight stale content with AI content manager: Its content manager proactively flags conflicting and stale content by identifying issues within knowledge sources.
- Higher productivity with AI Agents: Inventive AI offers a suite of AI agents designed to boost productivity and give a competitive advantage. These agents can help research competitors, brainstorm ideas, summarize the RFP requirements and manage compliance among other tasks.
FinSMEs
29/08/2024