Insider Brief
- Rohirrim, specializing in domain-aware generative AI for enterprises, has completed a $15 million Series A funding round led by Insight Partners, boosting its total funding to $30 million, with plans to enhance its platform and team.
- The company’s AI technology, particularly its Rohan platform, helps businesses streamline proposal writing and data processing, reducing time and costs, and has already been adopted by industry leaders like IBM.
- Rohirrim’s growth is marked by its adoption across various industries, including defense, aerospace, and consulting, with its innovative AI platform helping businesses generate revenue more efficiently and manage complex data tasks.
PRESS RELEASE — RESTON, Va. /December 4, 2023/(BUSINESS WIRE) — Rohirrim, the cutting-edge technology company specializing in domain-aware generative AI for the enterprise, today 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, founder & 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.
“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,” said Matt Koran, Principal at Insight Partners. “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.
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,” remarked James Farley, Vice President of Enterprise Solutions for IBM. “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.
About Rohirrim
Rohirrim’s custom-developed platform, Rohan, offers the first domain-aware generative AI purpose built for the enterprise and focused on delivering outcomes. It enables company teams to unlock value from proprietary data by securely ingesting and organizing information found in presentations, spreadsheets, proposals, whitepapers, and emails. Rohirrim is not just a technological breakthrough; it’s an ode to every enterprise striving for efficiency, every team member burdened with the mammoth task of creating technically and knowledge-dense content in your company’s voice, and every leader envisioning a seamless integration of AI without sacrificing the uniqueness of their domain.
For more information about Rohirrim and their industry-leading platform, Rohan, please visit www.rohirrim.ai.
About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2023, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.
Contacts
Media Contact:
Lisa Throckmorton
REQ for Rohirrim
lthrockmorton@req.co
