Steerlab, a Paris-based AI startup, has raised a €1.7 million pre-seed funding spherical to double down its technique to construct a cutting-edge AI platform that automates responses to Requests For Proposals (RFPs) and safety questionnaires.
The funding spherical was led by Nordic early-stage investor Dreamcraft VC, with important contributions from Heartfelt_, a Berlin-based early-stage agency launched by the managers of APX, AI specialist VC Lumière AI Ventures, together with greater than 20 hand-picked angel traders from the US and Europe. These angels embody founders, Gross sales Leaders, Basic Managers, and operators from high companies resembling AWS, Cloudflare, Databricks, Datadome, and lots of others. Moreover, Steerlab secured funding from Station F, the world’s largest startup hub run by Xavier Niel, after being acknowledged as one of many high startups in its most selective program.
Steerlab’s platform is designed to assist PreSales and safety groups improve their effectivity, automate 80% of the time spent on responses, and maximize their success in successful extra offers.
With the contemporary capital, Steerlab will increase its core staff by attracting high engineering expertise and scaling its gross sales operations, aiming to double down on gross sales acquisition with well-known tech firms within the US and Europe, sustaining a world strategy from day one.
“We’re glad to have gained such famend traders who again our mission. We’re not simply constructing one other AI co-pilot for RFPs, our mission is to rethink the end-to-end response workflow and assist our prospects concentrate on what actually issues: Profitable extra offers,” mentioned Rami, CEO of Steerlab. “This funding will assist us execute our imaginative and prescient of creating Steerlab the worldwide chief in our house. To attain this, we’re doubling down on the worldwide technique we have now pursued from day one. That is mirrored in our buyer base, our worldwide traders, and our multicultural staff.”
Empowering PreSales groups
Steerlab leverages fine-tuned language fashions and Multi-Modal agentic AI programs to automate and improve the response course of for RFPs and safety questionnaires. The corporate’s mission is to empower PreSales groups in B2B software program firms by serving to them create high-quality, successful proposals effectively and offering actionable insights that improve their possibilities of securing extra offers. By caring for all of the busywork, Steerlab permits groups to concentrate on the human interactions essential to shut the deal.
“Proper from the beginning, we have now been impressed by founders Rami Iguerwane and Othmane Hamzaoui and their ambition to resolve the vital inefficiencies in responding to tenders, a ache they’ve skilled first hand. They iterate quickly based mostly on market suggestions, guaranteeing their AI platform meets buyer wants successfully and we’re excited to assist a staff so devoted to utilizing GenAI applied sciences to resolve a concrete ache level in B2B Gross sales course of,” mentioned Mathilde Lyet, Funding Supervisor at Dreamcraft Ventures
Corporations usually spend 1000’s of hours yearly on these processes with out assured success. Steerlab’s resolution tackles this inefficiency by absolutely automating the workflow, from managing the content material library and producing responses to assigning reviewers and offering insights, guaranteeing all the pieces operates on autopilot and boosting the possibilities of successful extra offers.
Based in 2023 and based mostly in Paris, Steerlab is led by founders Rami Iguerwane and Othmane Hamzaoui. The founders met via their earlier jobs, the place they skilled firsthand the difficulties and inefficiencies concerned in responding to RFPs and vendor questionnaires, understanding how excessively time-consuming and cumbersome these duties could be. With Steerlab, they’re now revolutionizing the PreSales panorama by reworking outdated handbook processes into absolutely automated, clever workflows that considerably increase effectivity and maximize success in successful extra offers.
Their mixed experience has already earned the belief of a number of well-known tech firms within the US, Canada, France, and Germany.