Wednesday, July 25, 2018

RFPIO Takes $25M

Beaverton, Oregon-based RFPIO, which develops software to help companies respond to Requests-For-Proposals (RFPs), has raised $25M in a funding round, the company announced on Tuesday. The funding came from K1 Investment Management. RFPIO said it will use the funding to accelerate product development and scale operations. Ganesh Shankar is co-founder and CEO of RFPIO. The company says its artificial intelligence software helps automatically respond to RFPs, security questionnaires, and statements of work (SOWs). The company says its tools are already being used by such companies as Google Cloud, Adobe, Atlassian, Change Healthcare, Informatica, LinkedIn, ServiceNow, Siemens, Tenable and Zoom Video. More information »