Inventive AI, a startup leveraging artificial intelligence to revolutionize the Request for Proposal (RFP) and sales questionnaire process, has successfully raised $4 million in seed funding. The round was spearheaded by Sierra Ventures, with additional backing from YCombinator, SOMA Capital, and General Catalyst.
Founded by Dhiren Bhatia, Gaurav Nemade, and Vishakh Hegde, Inventive AI aims to transform how businesses handle RFPs and questionnaires. The company’s AI-driven platform promises to streamline workflows, automate content management, and generate high-quality responses, potentially improving efficiency by over 70%.
Dhiren Bhatia, Founder and CEO of Inventive AI, expressed the company’s ambitions: “We are on a mission to revolutionize sales intelligence with AI. With AI advancements, we’re building a platform laser-focused on helping customers win RFPs by automating content management, generating high-quality responses, and improving workflows by over 70% with minimal human intervention.”
The platform has already garnered praise from early adopters. Jeremy Oakey, Vice President of Field Engineering at Spectro Cloud, shared his experience; “Partnering with Inventive AI has been a game-changer for our team allowing us to respond to opportunities faster and with more quality and consistency as our business scales.”
Inventive AI’s solution offers several key features, including the ability to generate accurate response drafts ten times faster than traditional methods, a centralized hub for enterprise knowledge sources, and AI agents designed to boost productivity and competitive advantage.
Mark Fernandes, Managing Partner at Sierra Ventures, highlighted the team’s unique qualifications; “Dhiren, Gaurav, and Vishakh offer a unique combination of AI/ML expertise and seasoned startup scaling experience. Solving the RFP and security questionnaire problem requires technical precision and deep understanding into selling to the enterprise, which this team has.”
The platform’s impact extends beyond just speed and efficiency. Gleb Sinev, Product Owner at Salt Edge, noted, “Inventive AI’s intuitive platform automates document management and it simplifies team collaboration and compliance, which helps us achieve our team and business goals. I’m also delighted with the responsiveness and customer-oriented approach of the Inventive AI team.”
Looking ahead, Inventive AI plans to use the newly secured funding to further develop its AI technologies, expand its product offerings, and grow its team to meet increasing market demand. The company also aims to enhance integration with popular business tools and develop new features to improve user experience and productivity.
As the RFP landscape continues to evolve, Inventive AI is positioning itself at the forefront of this transformation, leveraging AI to help businesses respond more effectively and efficiently to RFPs and questionnaires.
