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Forgent AI has raised €4.3 million in Pre-Seed funding to transform public procurement. The investment will help streamline bidding processes in the €2 trillion market across Europe.

Sep 23, 20254 days ago

Amount Raised

€4.3 Million

Round Type

Pre-Seed

BerlinSoftwareNatural Language ProcessingMachine LearningArtificial Intelligence

Description

Forgent AI announced it has raised €4.3 million in Pre-Seed funding. The company aims to revolutionize public procurement by using AI to enhance bidding efficiency for businesses. Their platform significantly reduces the time spent on procurement tasks, optimizing compliance and bid quality. Founded by a team with industry expertise, Forgent is poised to improve the tender process across Europe.

Company Information

Company

Forgent AI

Location

Berlin, Berlin, Germany

About

Forgent AI is an AI company that is reinventing how businesses win public sector contracts by automating and enhancing the procurement process. Their platform utilizes AI agents to streamline the tender application process, significantly reducing workload and improving bid quality. Forgent aims to address the inefficiencies in public procurement, a market worth €2 trillion in Europe, which is often hampered by outdated workflows and a lack of competitive bids. The founding team consists of experts in AI and industry, focused on building reliable AI solutions for high-stakes environments.

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