Rohirrim, a top AI-powered RFP automation platform, recently received strategic investments from Bessemer Venture Partners and IBM Ventures. These investments are aimed at boosting Rohirrim’s mission to assist businesses in enhancing their RFP response strategy through their RohanRFP platform. The platform leverages a company’s data and generative AI technology to simplify the creation of lengthy documents in a fraction of the time. Following a successful Series A funding round in 2023 led by Insight Partners, Rohirrim has experienced significant growth, including a 400% increase in customer numbers over the past year.
The company’s effectiveness in streamlining RFP processes was exemplified by reducing research time from 6 days to 6 hours for one SMB team using RohanRFP. Additionally, Rohirrim was chosen to participate in the Microsoft Pegasus Program, offering further support to startups for customer discovery and growth acceleration. Industry experts like Mike Papay and Dave O’Hara have joined Rohirrim’s board, further enhancing its leadership.
The RohanRFP platform, by generating initial RFP drafts quickly, allows proposal teams to focus on storytelling and persuasion, leading to more compelling responses. Bessemer Partner Ventures recognized Rohirrim as a market leader in RFP automation for organizations dealing with complex proposal processes and valuing top-tier data security. IBM Ventures highlighted Rohirrim’s AI-native technology’s efficiency in proposal writing and content creation, aligning with IBM’s commitment to secure and accountable AI use.
IBM Ventures, besides investing in the company, also experienced Rohirrim’s platform firsthand, leading to increased efficiency and impact across their organization. Bessemer Venture Partners, known for supporting entrepreneurs through all stages of growth, joined the round to fortify Rohirrim’s position as an innovator in reimagining work processes. Rohirrim’s dedication to improving work-life balance by automating tedious tasks has driven the development of their cutting-edge AI products.
Overall, the investments from Bessemer Venture Partners and IBM Ventures will further propel Rohirrim’s mission to revolutionize RFP processes and support businesses in achieving higher win rates and revenue growth. With a focus on enhancing work experiences through innovative technology, Rohirrim continues to lead the way in the RFP automation space.
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https://www.news-journal.com/bessemer-venture-partners-and-ibm-ventures-invest-in-rohirrim-leader-in-rfp-ai-automation/article_1c372055-60ac-5361-81dd-901f7424e092.html
