Artificial intelligence-powered service for composing competitive bids
In the ever-evolving landscape of technology, a new player is making waves in the complex world of government contract bids. mytender.io, an AI-driven solution, is transforming business documents into winning proposals for government contracts.
Developed by Samuel Aaron, Jamie Horsnell, and Nicolas Dickreuter, mytender.io operates within a Virtual Private Cloud, ensuring comprehensive data security. This specialized platform is unlike general AI tools like ChatGPT or Gemini, which are often prohibited in organizational bidding processes due to confidentiality concerns.
The platform has already proven its efficiency, reducing bid writing time by approximately 75%. It delivers a cost saving of around 50% and drives 15% revenue growth for clients. The total addressable market in the UK for mytender.io is a staggering £530 billion across construction, IT, facility management, and energy sectors.
However, the current procurement process for infrastructure scale government contracts is long, resource-intensive, and often results in smaller companies being locked out due to lack of staff time. This inefficient process is stunting growth ambitions, particularly for SMEs. mytender.io aims to address this issue by streamlining and enhancing the efficiency of the bidding process.
mytender.io has already received initial pre-seed investment led by Fuel Ventures and is seeking investors with the skills and connections to enable them to scale at pace. Co-founder and CTO Jamie Horsnell anticipates a period of rapid revenue growth for mytender.io.
The average bid requires 38 hours of writing time, a significant investment of resources. Finding up-to-date answers is the second biggest challenge facing bid teams, a challenge mytender.io aims to overcome. The platform's efficiency is not just beneficial for the companies using it, but also for the government bodies receiving the bids, as it reduces the potential for errors and manual efforts in the tendering process.
mytender.io has secured a strategic partnership with the largest UK public sector tender portal, granting them exclusive access to 50,000+ organizations. This partnership could potentially generate a return of £150 million for mytender.io.
If you're interested in investing in mytender.io, potential investors can contact them via email at [email protected] or through their website/connect. The University of Southampton has waived any potential claim on IP for mytender.io, a testament to the platform's innovative potential.
As governments increasingly digitize procurement, AI-driven platforms like mytender.io have strong potential to reduce manual efforts and errors in tendering, making the bidding process more efficient and accessible for all. However, for up-to-date information on mytender.io's operational status, client base, recent developments, or market traction, direct information from company communications, industry reports, or technology news outlets would be necessary.
- mytender.io, an AI-driven solution that transforms business documents into winning proposals for government contracts, operates within a Virtual Private Cloud for comprehensive data security.
- The platform has demonstrated its efficiency, reducing bid writing time by approximately 75%, delivering a cost saving of around 50%, and driving 15% revenue growth for clients.
- mytender.io aims to address the issue of growth ambitions being stunted for SMEs due to an inefficient procurement process for infrastructure scale government contracts.
- mytender.io is seeking investors with the skills and connections to enable them to scale at pace, as they anticipate a period of rapid revenue growth.
