Rohirrim, a leading Request for Proposal (RFP) AI automation platform, announced today that Bessemer Venture Partners and IBM Ventures made strategic investments in the company. And these investments will further drive Rohirrim’s goal of helping businesses grow by streamlining and strengthening their RFP response strategy.
Rohirrim’s RohanRFP platform unlocks the power of data and uses its patented generative AI technology to help organizations create long-form, complex documents in a fraction of the time.
Since announcing a Series A round led by Insight Partners in 2023, the company has experienced rapid growth. In the past year, Rohirrim has seen a 400% growth in customers.
One customer reported that the research that would normally take a team of SMEs 6 days to complete now takes 6 hours utilizing RohanRFP. And Rohirrim was selected to participate in the Microsoft Pegasus Program, which offers additional support to startups to uncover leads, drive sales, and accelerate growth. Mike Papay, Cybersecurity and Risk titan, joined Rohirrim’s Board of Advisors as Chairman, and Dave O’Hara, former Microsoft CFO, was recently appointed to their Board of Directors.
By generating the first draft of an RFP in a fraction of the time, proposal teams can focus on what they do best: storytelling and persuasion, making their responses more compelling and competitive. And RohanRFP can profoundly impact an organization’s ability to grow by reducing costs and increasing the volume of RFP submissions.
Along with being investors in the company, the IBM team experienced firsthand the power of the RohanRFP platform as early adopters. IBM Ventures Partner Tom Whiteaker will join as a board observer alongside Bessemer Venture Partners’ Mike Droesch and Aia Sarycheva.
KEY QUOTES:
“After countless nights of missing precious family moments to work on RFP responses, in 2021, I began working on a better way. RohanRFP has delivered profound efficiencies to our customers, efficiencies that have the potential to be game changers for organizations. This is the core of who we are and what drives us every day as we execute our mission: to reimagine work and deliver higher win rates, increased volume, and revenue growth for all our customers.”
– Steven Aberle, Rohirrim CEO and Founder
“When we looked at companies in the RFP automation space, Rohirrim stood out as the clear market leader for commercial and public sector organizations that deal with lengthy and complex proposal creation processes and care about best-in-class data security. Rohirrim’s technology has the potential to provide meaningful business growth to organizations, and we believe they have the team, technology, and infrastructure in place to make it happen.“
– Aia Sarycheva, Investor at Bessemer Partner Ventures
“As an AI native platform, Rohirrim is uniquely poised to deliver on early promises of generative AI while protecting an organization’s proprietary data – aligning to IBM’s vision for helping organizations harness the power of AI with safety and responsibility at the forefront. Rohirrim brings incredible efficiencies to proposal writing with AI content creation.“
– Tom Whiteaker, Partner at IBM Ventures
