Blossom Capital has led a £17.2m investment in AutogenAI to support product development and international expansion.
"We build language engines that help organisations to write bids, tenders and proposals more efficiently and more effectively. Our technology augments human expertise by enhancing the power of bid writing teams. This is a clear example of AI being used for public good, reducing the cost of bidding and freeing up taxpayers’ money for the delivery of services. We’re looking forward to working closely with Blossom Capital to build on the progress we’ve achieved so far."
Parker89 led the Series A financing to support the company's expansion into residential real estate.
"A lot of the legal due diligence involved in buying property hasn’t materially changed for 150 years. These processes are weighing down legal experts and burying them in a mountain of paperwork. This is also slowing down the process for buyers and making it more complicated than needed. We transform how property transactions are handled by providing an instant picture of key risks a lawyer needs to know about a property, so they can advise their client quickly and with maximum clarity."
Parkwalk Advisors led the financing round, which will support UK sales growth and international expansion plans.
"For scaling companies, keeping track of terms across hundreds or thousands of contracts is a challenge that creeps up on you. Searching for basic information like contract start and end dates, or nuances in confidentiality terms across entire databases of contracts is painfully manual, or impossible. Before working with us, we know that some of our customers would spend weeks doing this"
