RFPIO, a Beaverton, Ore.-based provider of cloud-based RFP (Request for Proposal) response software, secured $25m in funding.
K1 Investment Management made the investment.
The company intends to use the funds to accelerate product development and scale operations.
Led by Ganesh Shankar, co-founder and CEO, RFPIO cloud-based provides artificial intelligence (AI) enabled proposal management software for organizations to fulfill business proposals including RFx (RFP, RFI, etc.), security questionnaires and statements of work (SOW). The software optimizes the proposal response process through collaboration, centralized content, technology integrations and reporting.
Companies using RFPIO’s platform span a variety of industries and include more than 10,000 active enterprise users. Notable customers include Google Cloud, Adobe, Atlassian, Change Healthcare, Informatica, LinkedIn, ServiceNow, Siemens, Tenable and Zoom Video as well as hundreds of other organizations across the world.