University-founded AI tender startup BidScript exceeds $1M in total pre-seed funding
BidScript, anAI-native tender management platform that helps businesses find, manage andsubmit bids for public and private sector contracts, has raised $800,000 in itslatest funding round, taking its ... BidScript has secured new investment to accelerate product development, grow its team and expand into new markets, as the AI-native tender management platform continues to scale its operations across the UK and internationally.
Key Takeaways
- Artificial Intelligence University-founded AI tender startup BidScript exceeds $1M in total pre-seed funding BidScript has secured new investment to accelerate product development, grow its team and expand into new markets, as the AI-native tender management platform continues to scale its operations across the UK and internationally.
- Founded by childhood friends Henry Brogan and Tyler McCarthy while they were still at university, BidScript was created to address the inefficiencies of traditional tendering.
Despite hundreds of billions of pounds worth of public and private sector contracts being awarded each year, many businesses continue to rely on manual processes, spreadsheets and shared drives to manage bids.
- With an initial focus on the construction and engineering, IT, and education sectors, BidScript supports businesses operating in some of the world's most demanding tendering environments.
Early customers across the UK, the US and the Middle East have reported improvements in bid win rates of up to 50 per cent after adopting the platform.
- BidScript embodies that exact principle, and this latest funding round will allow us to take the next step on our journey as we expand into new markets and geographies.
The funding will support BidScript's next stage of growth, enabling the company to expand its team, accelerate product development and grow its presence in the UK and international markets.
- What would you like us to deliver to you?
Stats & Key Facts
- #BidScript, anAI-native tender management platform that helps businesses find, manage andsubmit bids for public and private sector contracts, has raised $800,000 in itslatest funding round, taking its ...
- #Artificial Intelligence University-founded AI tender startup BidScript exceeds $1M in total pre-seed funding BidScript has secured new investment to accelerate product development, grow its team and expand into new markets, as the AI-native tender management platform continues to scale its operations across the UK and internationally.
- #Tamara Djurickovic 2 hours ago Share Share Send email Copy link BidScript , an AI-native tender management platform that helps businesses find, manage and submit bids for public and private sector contracts, has raised $800,000 in its latest funding round, taking its total pre-seed funding to more than $1 million.
- #Early customers across the UK, the US and the Middle East have reported improvements in bid win rates of up to 50 per cent after adopting the platform.
BidScript has secured new investment to accelerate product development, grow its team and expand into new markets, as the AI-native tender management platform continues to scale its operations across the UK and internationally. Artificial Intelligence University-founded AI tender startup BidScript exceeds $1M in total pre-seed funding BidScript has secured new investment to accelerate product development, grow its team and expand into new markets, as the AI-native tender management platform continues to scale its operations across the UK and internationally. Tamara Djurickovic 2 hours ago Share Share Send email Copy link BidScript , an AI-native tender management platform that helps businesses find, manage and submit bids for public and private sector contracts, has raised $800,000 in its latest funding round, taking its total pre-seed funding to more than $1 million.
The round includes follow-on investment from NPIF II - PXN Equity Finance, managed by PXN Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II), alongside new investment from SFC Capital. Founded by childhood friends Henry Brogan and Tyler McCarthy while they were still at university, BidScript was created to address the inefficiencies of traditional tendering. Despite hundreds of billions of pounds worth of public and private sector contracts being awarded each year, many businesses continue to rely on manual processes, spreadsheets and shared drives to manage bids.
The platform uses AI to streamline the end-to-end tender process, helping organisations identify opportunities, automate bid workflows and improve the quality and efficiency of submissions. With an initial focus on the construction and engineering, IT, and education sectors, BidScript supports businesses operating in some of the world's most demanding tendering environments. Early customers across the UK, the US and the Middle East have reported improvements in bid win rates of up to 50 per cent after adopting the platform.
For more details please read the original article at Tech.eu.
Continue Learning
Comments
Sign in to join the conversation