But look beyond the hype and high-profile deals like the one between OpenAI and PwC last week, and you’ll see that the world is already years into using customer-facing, no-code AI tools for extracting information and working faster.
The deal underscores not just the opportunity around increasing demand for AI in the B2B market, but also a wider trend in enterprise IT.
Eigen and Sirion are not disclosing the financial terms of the deal, but below is relevant context that tells some of the story.
London-based Eigen is led and co-founded by Dr Lewis Liu, an Oxford PhD who studied both art and physics.
It says that it works with over 250 large enterprises manages more than 7 million contracts worth $800 billion.
After considering a few ideas, they decided to go after what they saw as a largely unaddressed market: Tools to help small businesses secure U.S. government contracts.
“The federal contracting community has seen a shrinking of the small business industrial base for much of the past decade,” Doherty told TechCrunch.
It’s also expensive for them to bid on contracts — if they don’t win, they may run out of cash.”As a result of labyrinthine systems and mountains of paperwork, finding and bidding for U.S. federal contracts is a laborious process.
To attempt to give these small businesses a boost, Goltser, Mason and Doherty founded GovDash, a platform that provides workflows to support government contract capture, proposal, development and management processes.
New York-based, six-employee GovDash currently works with around 30 federal contractors across the U.S., Doherty said, and is “nearly” cash-flow positive.
An internal congressional memo viewed by TechCrunch casts strong doubt on Rocket Lab’s claim that its Neutron rocket will be ready for launch in time to meet a crucial contract deadline from the Space Force.
In response to industry feedback, Space Systems Command changed its procurement strategy for the next batch of national security launch contracts to accommodate newer launch providers.
Neutron is Rocket Lab’s medium-lift vehicle and is being added as a complement to its successful small Electron rocket.
Uncertainties around Archimedes’ hot fire tests are “the biggest issue” in Rocket Lab’s claims, the memo argues.
It also highlights proprietary timelines shared by other launch providers that suggest there is much work left to be included in RFPs by the VCSFA.
The BlackSky company plans to use hyperspectral imagery to provide rapid situational awareness for the military by providing detailed pictures of land, air and sea activity. Hyperspectral satellites use a…
