AutogenAI launches within the U.S. to automate proposal writing

When enterprises set their websites on profitable a brand new enterprise contract, they’re kicking off an intensive, time-consuming bidding and proposal course of — fact-chasing and checking, charting, cross-departmental collaboration, enhancing, circling, revising, repeating. 

All this could take weeks. And that’s simply to get to a primary draft. 

Generative AI bid and proposal firm AutogenAI says its platform can scale back that arduous course of into simply days — and it’s now bringing its product to the U.S. market. 

After a primary 12 months of dramatic development, the UK-founded firm is at this time asserting its entry to the U.S. and appointment of Elizabeth Lukas as CEO for the Americas. 

“Giant billion greenback contracts all the way down to smaller SME measurement contracts — the period of time spent engaged on them could be fairly huge and exhaustive,” mentioned Lukas. “The tempo through which enterprise is shifting at this time is so, so quick that you actually need these instruments at your disposal to handle it.”

Addressing an unlimited, multi-billion-dollar market

The bid and proposal market is an enormous one: In Fiscal Yr 2022, the U.S. authorities alone dedicated roughly $694 billion to contracts. That’s not together with the enterprise alternative: Lukas famous that one UK consultancy agency spends $110 million yearly simply on bidding. 

Different AI instruments serving the big trade embody fundwriter.ai, QorusDocs, DeepRFP and WriteMe, amongst others. 

AutogenAI was based roughly a 12 months in the past by Sean Williams, who got here from the bid and proposal world and, when constructing out the product, made a degree to take a seat technical employees side-by-side with writers to deal with their particular ache factors. 

Since its inception, the corporate has closed a $22.3 million sequence A from Blossom Capital and has been awarded a prestigious AI Grant. 

Autogen says it has pushed 100X income in only a 12 months, and claims to have supported worldwide companies in profitable greater than $50 million in further work. Lukas mentioned that corporations implementing AutogenAI’s device report as much as 85% value financial savings, a 30% uplift in win charges and an 800% productiveness acquire. 

Studying the voice of a company

AutogenAI builds language engines for every shopper that leverage pure language processing (NLP). The platform is skilled on a company’s corpus of textual content and data and “learns the voice of your group in addition to the data that’s behind it,” Lukas defined. 

As an alternative of weeks spent writing a primary draft, AI can construct proposals inside days, she asserted. Groups can go from chasing details to specializing in how you can win bids and acquire a aggressive benefit.

AutogenAI is seeing alternatives past the bidding and proposal area, too, together with in evaluation and reporting, advertising, human assets, public relations and thought items.

The corporate has up to now supported managed service and consultancy corporations, healthcare organizations, authorities entities and firms within the IT, telecommunications, development and outsourcing fields. Alternatives are additionally rising in grant writing for nonprofits and analysis universities, Lukas mentioned.

In her new function, Lukas’ first priorities will probably be constructing out the U.S. gross sales staff and cementing go-to-market technique. She expects that the remote-first U.S. staff could have 15 to twenty folks by the top of the 12 months, rising to 30 to 40 by the top of 2024. 

“The U.S. is a really excessive precedence marketplace for us,” mentioned Lukas, who beforehand served as CEO for the Americas at Decoded Ltd. “It’s a very comparable kind of market, only a a lot, a lot larger enjoying discipline.”

AI is ‘augmented intelligence’

Along with constructing out customized platforms, AutogenAI deploys devoted buyer success groups that assist organizations and their employees perceive AI and the way it integrates into workflows, Lukas defined.

It is because AI is “augmented intelligence,” she emphasised. 

“We actually imagine that on this business-critical writing, people are extremely essential, we’re not seeking to substitute them,” she mentioned. “Having folks perceive and embrace this expertise to spice up productiveness is tremendous essential.”

When AI is available in, folks usually suppose they should develop a brand new talent in immediate engineering to ship compelling, distinctive responses. Nonetheless, Lukas identified, once they have a chunk of well-designed software program with immediate engineering inbuilt, “they need to have the ability to speak to it like they’re speaking to a analysis assistant.”

“It’s a brand new habits that persons are starting to undertake and it requires guiding folks on that journey,” mentioned Lukas. 

AI is awe-inspiring

Lukas famous that within the early, pre-ChatGPT days, folks have been nonetheless very skeptical of gen AI. 

However not surprisingly, after November 30, 2022, when OpenAI’s hit chatbot launched for the general public, that every one modified. 

“The dialog round generative AI has completely exploded,” she mentioned. 

As soon as folks perceive how the expertise works and see it in motion, “the worth proposition turns into very clear very quick,” she famous. “There’s an actual palpable sense that in the event you don’t do something you’ll be left behind in a short time.”

She attributes a few of AutogenAI’s important development to that fast, mass consciousness of and appreciation for the expertise, she mentioned.

“Written communication, storytelling, it’s essentially the most uniquely human act,” mentioned Lukas. “While you see a pc begin to write in a manner that’s compelling and is smart and artistic, it’s awe-inspiring. I feel that’s why persons are so enthusiastic about the expertise.”