London-based AutogenAI raises €20.8 million to bring large language models to tender writing
Summary
Even smaller companies are spending in excess of £1 million a year on bidding, including many charities and non-profits which often struggle to break into government contracts due to the prohibitive costs of competition. This London-based startup has just raised €20.8 million from leading European investor Blossom Capital, bringing the power of large language models and generative artificial intelligence to the world of procurement and tender writing. AutogenAI leverages the power of generative AI to help leading companies write bids and tenders for public sector and corporate contracts covering all industry verticals, including consultancy, IT, health, transport, construction and more. We’re looking forward to working closely with Blossom Capital to build on the progress we’ve achieved so far.” AutogenAI has developed a system that uses the extraordinary capabilities of large language models (LLMs), integrating them with an organisation’s existing data. Designed to tackle the difficulties of safety, accuracy, and convenience that arise when using LLMs, AutogenAI’s platform is tailored to the problems experienced by bid writing teams.