Rohirrim raises $15m in Series A round to provide domain-aware generative AI to the enterprise

Rohirrim raises $15m in Series A round to provide domain-aware generative AI to the enterprise

Published: 05-12-2023 12:45:00 | By: Pie Kamau | hits: 3142 | Tags:

Rohirrim, the cutting-edge technology company specializing in domain-aware generative AI for the enterprise, has announced the successful completion of its $15 million Series A round of funding less than a year since emerging from stealth and deploying its Rohan platform.

The round, led by global software investor Insight Partners with participation from existing investor General Purpose Venture Capital, will help solidify Rohirrim’s position as the market leader in domain-aware generative AI for the enterprise. Rohirrim will use the investment to continue building its world-class team and further enhance its platform and offering of secured, company and task-specific language models.

Rohirrim solves a deep need in the enterprise business development community for the capture and proposal writing process. It leverages a patented generative AI technology that can securely assimilate vast amounts of data - data solely derived from the enterprise domain - to construct meaningful, useful responses to RFPs. Its product, Rohan, was built to respond to the pain points enterprises experience in proposal writing that are tied directly to revenue generation. It saves an exponential amount of time and money, ensuring enterprises can safely utilize its benefits without any inherent risk. The use cases for Rohan far exceed proposal writing functions, given the level of security its patented generative AI platform provides, and this funding enables Rohirrim to create value through its outcomes, and scale into new markets swiftly.

Steven Aberle, the Founder and CEO of Rohirrim, is a recognized leader in the field and has experienced first-hand the need for a platform like Rohirrim. Having managed one of the largest collections of unstructured data in the world at Los Alamos National Laboratory (LANL), and with vast knowledge of customer pain points from writing thousands of pages of proposals throughout his career, Steven has a unique understanding of the problem Rohirrim is solving.

"Every once in a while, an innovation comes along that doesn’t just promise to redefine industries but, more importantly, has the power to touch lives, change futures, and rewrite stories. We’re thrilled that Insight Partners has recognized this potential in Rohirrim, and with their backing, we’ll scale into hundreds of enterprises, continuing to deliver exceptional outcomes that bring forth mass effect transformation,” said Aberle.

Matt Koran, Principal, Insight Partners: ''Rohan drafts high-quality responses, specific to your company, in mere moments, giving your team more time to focus on what humans do best–strategize, story tell and persuade. Steven and his team’s commitment to innovation and customers positioned Rohirrim early on as the go-to partner for organizations seeking to unlock their full data potential and realize transformative business outcomes.''

With Insight’s investment, Koran joins Rohirrim’s Board of Directors.

James Farley, Vice President of Enterprise Solutions, IBM: ''An early adopter of Rohan, IBM has carried its culture of innovation into its proposal and solution processes. “The limitless possibilities of generative AI are evident, and the advantages of the Rohan platform are clear. With Rohan, the domain-aware generative AI platform, we've streamlined content creation, reducing time and enabling our team to focus on higher-value tasks. The potential it brings to our industry and others is here, and we can't afford to ignore it.''

In 11 months, Rohirrim has witnessed significant growth and adoption across various industries, including defense & aerospace, commercial real estate, energy, higher education, insurance, research laboratories, law, patent and trademarks, consulting firms, and global engineering firms. The company's innovative offering has attracted a significant number of multibillion-dollar Fortune 100 enterprises that rely on Rohirrim's systems to streamline and provide remarkable efficiency to their most grueling processes for revenue generation - proposals. These partnerships and the company’s exponential growth underscore the confidence the industry has in Rohirrim's ability to deliver world-class solutions that drive business success.

Rohirrim's Series A financing round marks a significant milestone in the company's journey, solidifying its position as a leader in domain-aware generative AI for the enterprise. With this fresh infusion of capital and the continued support of Insight Partners, Rohirrim is further establishing itself as the go-to solution provider across numerous industries and is poised for continued success.