- Text is generated by the platform using internal corporate data. Slideshows, Word documents, PDF files, and many other file formats can all be ingested by it.
- More than six industries, including commercial real estate, aerospace and defense, energy, higher education, insurance, and the legal field, currently utilize Rohirrim’s platform.
The startup Rohirrim Inc. stated that it has secured USD 15 million to increase the number of people using its text-generation platform driven by artificial intelligence.
General Purpose Venture Capital, a returning investor, and Insight Partners contributed to the Series A round investment to Rohirrim. Less than a year after the company emerged from stealth mode, it received a cash infusion.
Businesses use a document known as a request for proposal, or RFP, which provides a comprehensive summary of the specifications for a particular project to issue contracts to suppliers. The RFP receives responses from several vendors, and the contract is awarded to the bidder who makes the most appealing offer. It can take weeks for bidders to develop a response to a request for proposals in some complex projects.
According to Rohirrim, the procedure takes a few minutes due to its AI platform. The software automatically generates an RFP answer based on a high-level description entered by users. According to the company, employees can also create other kinds of long-form content, like case studies.
Text is generated by the platform using internal corporate data. Slideshows, Word documents, PDF files, and a multitude of other file formats can all be ingested by it. Rohirrim can gather that information from staff devices and applications hosted on-premises or in the cloud.
Customers could download the company’s software from the start of this year. Since then, a significant number of Fortune 100 companies, according to Rohirrim, have joined its installed base. IBM Corp. is one of those Fortune 100 clients; it uses its platform to create business content automatically.
Rohirrim plans to expand its clientele and workforce with the recently raised funding. Expanding the company’s platform into new markets is critical to its growth plan. More than six segments, including commercial real estate, aerospace and defense, energy, higher education, insurance, and the legal field, currently utilize Rohirrim’s platform.
A portion of the fresh funding will also go toward product development for the company. On its website, Rohirrim states that it is developing Anglachel 200B, a large language model. As the model’s name implies, it has 200 billion parameters, almost three times larger than Meta Platforms Inc.’s Llama 2, one of the most sophisticated open-source AI systems available.
According to Rohirrim, the foundation of Anglachel 200B is unsupervised learning, a method for developing AI. Traditionally, contextual cues intended to direct the learning process were present in the training datasets used to construct neural networks. Developers can save time in unsupervised learning projects because the training dataset doesn’t need to be enhanced with these clues.