New Delhi:- Companies often win or lose business based on the quality of their proposal. A new company named AutogenAI from London created a tool using advanced technology that can assist businesses in writing better pitches to increase their success rate. The company has received $22. 3 million in funding from Blossom Capital, which it will use to recruit more employees, enhance its platform, and increase its number of customers.

According to a source, AutogenAI is valued at a very high amount, potentially hundreds of millions of dollars. It collected about $3. 5 million in the past. AutogenAI has been successful in gaining 28 clients within its first year of operating.

To show how careful customers are about keeping their secret sauce for winning deals, AutogenAI is not revealing any names of actual customers.

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Sean Williams, the person who started the company and is in charge, said in an interview that customers still have a belief that using AI would somehow make the work not as good. That's why the names are not being shared.

AutogenAI mentions that the list consists of various types of organizations such as consulting firms, business process outsourcing companies, construction firms (both public and private), facilities management businesses, and also charities and non-profit organizations that are seeking grant funding.

Williams gained experience by working for large private companies that were competing to provide services to the U. K The government is like a very big company that is worth almost $500 billion every year. Being successful in those projects was a matter of having experience and understanding what information to include and how to present it well. simple as a business opportunity or contract.

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AutogenAI wants to tackle both of these things. Williams said that the platform is created by combining big language models from OpenAI and other sources. It also uses a client's information, both organized and unorganized, along with a tool developed by AutogenAI. This tool helps users ask questions and make proposals based on a company's previous successful projects. Then the client's team looks at the ideas and makes them better or decides not to use them. After that, the ideas are shown to try to win a contract.

In simple terms, you can ask ChatGPT to create a business proposal. However, Williams says that AutogenAI's versions will be more detailed and helpful for its users.

"He said companies like OpenAI are mainly working on AGI, which refers to super intelligence. " We have a smaller issue: we want to assist our customers in getting more jobs and working more efficiently. The speaker believes that AutogenAI's software can make writing a strong proposal much faster, about 8 times faster.

This 800% refers to the amount of money needed to win bids, which is the required budget. Williams believes that around 10% of the total contract amount is spent on putting together a bid in the traditional manner. He says that by using its tools, it reduces the cost of buying things by about 10%.

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This makes the deals more profitable overall. Also, it saves 70% of the time it takes to write the first versions of offers. This helps people who work on offers to focus more on important things.

Ophelia Brown, the person who started Blossom Capital, said that the company is not currently using AutogenAI. However, they intend to use it in the future when they gather more funds. The reason for its interest in the startup is that although startups creating LLMs are getting a lot of attention currently, those developing applications like AutogenAI are closer to where many different businesses might decide to buy them.

"What becomes fascinating is when you can clearly see the return on investment for the product," she explained. Companies are happy to pay for something that can save them time and reduce the number of employees they need. This has been shown to be true in the first nine months of the business's growth.

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AutogenAI that helps building strong Business pitches helping businesses to grow up has got up by getting a whopping amount from the brand Blossom Capital that they are going to use fopr tyheir expansion and also to hire great talent.