Reston, Virginia, July 10, 2024 – Rohirrim, a premier AI-powered RFP automation platform, announced today that Bessemer Venture Partners and IBM Ventures have invested in the company. This investment will support Rohirrim’s goal of assisting businesses in enhancing their RFP response strategies. Rohirrim’s RohanRFP platform utilizes organizational data and generative AI technology to simplify the creation of intricate documents in a fraction of the time.
Following a significant Series A funding round in 2023 led by Insight Partners, Rohirrim has experienced substantial growth. Within the last year, customer numbers have increased by 400%. One client mentioned that research that would typically take an SMB team 6 days now only requires 6 hours with RohanRFP. Selected to participate in the Microsoft Pegasus Program, Rohirrim has also seen notable additions to its leadership team with Mike Papay and Dave O’Hara joining as advisors and directors, respectively.
Rohirrim’s CEO and Founder, Steven Aberle, expressed the platform’s transformative impact on clients and its mission to drive higher win rates and revenue growth. Aia Sarycheva from Bessemer Partner Ventures highlighted Rohirrim as a market leader in RFP automation, particularly for organizations dealing with extensive proposal processes and prioritizing data security.
With the ability to generate RFP drafts rapidly, RohanRFP enables proposal teams to focus on enhancing the quality and competitiveness of responses. Tom Whiteaker from IBM Ventures emphasized Rohirrim’s position as a leader in generative AI, safeguarding proprietary data while enhancing proposal writing efficiency.
Aside from investing in Rohirrim, IBM Ventures experienced firsthand the benefits of the platform, leading Tom Whiteaker to join as a board observer. Bessemer Venture Partners, known for supporting entrepreneurs in building enduring businesses, aims to assist Rohirrim in its growth and innovation journey.
With the support of these prominent investors, Rohirrim continues to redefine work processes through its AI technology. Through its commitment to improving work-life balance and productivity, Rohirrim remains dedicated to pioneering solutions for organizations dealing with complex RFP processes.
About Bessemer Venture Partners:
Bessemer Venture Partners is recognized for its support of entrepreneurs in creating successful and sustainable businesses. With a global portfolio and assets under management exceeding $18 billion, Bessemer’s investment strategy spans various sectors, including technology and healthcare, fostering growth and innovation.
About Rohirrim:
Rohirrim leverages its cutting-edge generative AI technology to revolutionize work processes, particularly in time-consuming tasks. Born out of a desire to enhance proposal teams’ work-life balance, Rohirrim is devoted to reimagining work practices and improving productivity.
For more information, please visit www.rohirrim.ai
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Farah van Caloen
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SOURCE Rohirrim
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