Writing proposals to satisfy requests-for-proposals (RFPs) and win funding can be a challenging task, even for experienced organizations. The process usually involves providing specific information in various form fields while adhering to strict requirements. However, AutogenAI, a UK-based startup, believes that this tedious process can be automated with human supervision. Investors also share this vision, as AutogenAI recently raised a $39.5 million Series B funding round, bringing its total investment to $65.3 million.
AutogenAI: Redefining Proposal Writing
Founded by Sean Williams, AutogenAI has quickly become one of the fastest-growing generative AI companies in the UK. It is expanding globally, with a presence in the US and Australia, led by CEOs Elizabeth Lukas and Emma Crichton. The company’s advanced bid-writing product suite is at the core of its offerings, aiming to revolutionize how organizations approach the bidding process. AutogenAI leverages cutting-edge AI technology to enable organizations, from Fortune 500 companies to charities and nonprofits, to craft bids in a more efficient and compelling manner.
What sets AutogenAI apart is the tangible impact of its software. According to company data, clients have experienced a remarkable 30% uplift in win rates, resulting in over $100 million in additional work, all while reducing associated costs by up to 85%. Salesforce Ventures Managing Director, Nowi Kallen, praised AutogenAI’s software, stating, “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.”
“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.” – Nowi Kallen, Managing Director at Salesforce Ventures
Debbie Brockbank, Interim Growth Director at Hinduja Global Solutions, also recognized the positive impact of AutogenAI’s software on bid teams. She stated, “The quality of the complete finished bid is more consistent and cohesive. The speed to get to the first cut is transformed. Contributors can get access to information quickly, and communication in the organization is improved.”
“The quality of the complete finished bid is more consistent and cohesive. The speed to get to the first cut is transformed. Contributors can get access to information quickly, and communication in the organization is improved.” – Debbie Brockbank, Interim Growth Director at Hinduja Global Solutions
Privacy and Data Security
In response to growing concerns around data security in AI adoption, AutogenAI has prioritized privacy and factual accuracy since its inception. The company’s latest innovation, Bowdleriser, ensures confidential information is removed from corporate documents while maintaining privacy and security for external sharing. AutogenAI places great importance on dependable source materials to verify information and guarantees a tangible return on investment for its clients.
As AutogenAI continues to thrive, it is likely that its technology will become a standard toolkit for bid teams in the UK, US, Australia, and potentially beyond.
