The startup also acts as a central repository for all things related to public tenders, providing an overview of all applications in progress and alerting customers when a tender is about to expire. Tengo's AI integrations also help generate documents for application submission. The company hopes to enable multiple customers to collaborate and provide a joint application to a public tender in the future. Despite being in its early stages, Tengo has already attracted clients including OpenClassrooms, Citron, Theodo, and Carrefour Pro.
Key takeaways:
- Tengo is a software-as-service tool that uses AI to find, evaluate and respond to public tenders, aiming to simplify the entire value chain of public tenders.
- The startup has raised a €3 million funding round led by Point Nine, and was originally created within the startup studio Hexa.
- Tengo's AI can analyze the information contained in tender documents, highlight key aspects, reference important pages, and generate documents for applications.
- Despite being in its early stages, Tengo has attracted clients including OpenClassrooms, Citron, Theodo and Carrefour Pro.