Inventive AI raised $4 million in a seed funding round led by Sierra Ventures to enhance RFP processes through generative AI.

Sep 06, 2024•11 months ago

Amount Raised

$4 Million

Round Type

seed

Mountain ViewNatural Language ProcessingMachine LearningArtificial IntelligenceSoftware

Investors

General CatalystSoma CapitalY CombinatorSierra Ventures

Description

Inventive AI successfully closed its seed funding round, raising $4 million to accelerate its goal of streamlining RFP workflows. The funding will be used to enhance AI technologies, expand product offerings, and grow the team to meet market demands.

Company Information

Company

Inventive AI

Location

Mountain View, California, United States

About

Inventive AI is an AI-based platform focused on streamlining and optimizing Request for Proposal (RFP) workflows. The company aims to enhance RFP processes through generative AI, enabling businesses to respond more efficiently. Founded by industry experts, Inventive AI integrates with popular business tools and offers advanced features to improve user experience. Their technology helps users manage content and productivity related to RFPs and sales questionnaires.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers