Mytender.io secures £1.4m for AI bid writing platform

Automating the complex process of drafting bid responses is the core focus of Mytender.io Ltd, which has raised an estimated £1.4m in new funding. The London-based company provides an AI-driven platform designed to streamline procurement and bid writing for organizations across several high-stakes industries.

Founded in 2023, Mytender.io Ltd targets sectors including construction, IT, facilities management, and energy. The platform leverages artificial intelligence to generate draft responses to tenders, a process that traditionally requires significant manual labor and resources. By automating these workflows, the company aims to reduce the costs associated with bidding while improving the overall success rates for its clients, particularly those pursuing public sector contracts.

The £1.4m funding round was documented in filings during May, following an allotment of shares in April. This capital injection supports the company growth following its first full year of operations. Financial records for the year ended 30 September 2024 have been filed, though specific revenue and profit figures were not disclosed in the latest reporting.

Mytender.io Ltd positions its technology as a tool for organizations to compete more effectively in the tender marketplace. The software is built to handle the specific requirements of procurement processes, allowing firms to manage multiple bids simultaneously without a proportional increase in headcount. The company remains headquartered in London as it continues to develop its software-as-a-service offering.