Steerlab funding news – Paris-based Steerlab Secures €1.7Million in Pre-Seed Funding

With the use of this technology, PreSales and security teams may increase productivity, automate 80% of reaction time, and increase the number of deals they close.

With the additional funding, Steerlab plans to grow its sales operations and hire more top engineering talent to add to its core team. The company also plans to intensify its sales acquisition efforts with renowned tech businesses in the US and Europe, continuing its worldwide strategy from the outset.

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The funding round was led by Nordic early-stage investor Dreamcraft VC, with notable contributions from more than 20 carefully chosen angel investors from the US and Europe, as well as Heartfelt_, a Berlin-based early-stage firm founded by the managers of APX, AI specialist VC Lumière AI Ventures.

Founders, general managers, sales leaders, and operators of prestigious companies including AWS, Cloudflare, Databricks, Datadome, and many more are among these angel investors. Additionally, after being named one of the top startups in its most selective program, Steerlab received funding from Station F, the largest startup hub in the world and the brainchild of Xavier Niel.

Rami, CEO of Steerlab said, “We’re glad to have won such renowned investors who back our mission. We’re not just building another AI co-pilot for RFPs, our mission is to rethink the end-to-end response workflow and help our customers focus on what really matters: Winning more deals This funding will help us execute our vision of making Steerlab the worldwide leader in our space. To achieve this, we are doubling down on the international strategy we have pursued from day one. This is reflected in our customer base, our international investors, and our multicultural team.”

Steerlab uses Multi-Modal agentic AI systems and optimized language models to improve and automate the response process for security surveys and request for proposals. The company's goal is to enable PreSales teams in B2B software firms by giving them the tools they need to quickly and effectively produce strong, competitive proposals and by giving them useful information that increases their chances of closing more sales. Teams may concentrate on the interpersonal connections required to seal the deal because Steerlab handles all the administrative tasks.

Mathilde Lyet, Investment Manager at Dreamcraft Ventures said, “Right from the start, we have been impressed by founders Rami Iguerwane and Othmane Hamzaoui and their ambition to solve the critical inefficiencies in responding to tenders, a pain they have experienced first hand". "They iterate rapidly based on market feedback, ensuring their AI platform meets customer needs effectively and we are excited to support a team so dedicated to using GenAI technologies to solve a concrete pain point in B2B Sales process.”

Businesses frequently invest hundreds of hours a year in these procedures with no assurance of success. In order to address this inefficiency, Steerlab's solution completely automates the workflow. This includes allocating reviewers, managing the content library, producing responses, and offering insights. This ensures that everything runs smoothly and increases the likelihood of closing more business.

About Steerlab

The founders of Steerlab, Rami Iguerwane and Othmane Hamzaoui, are based in Paris and founded the company in 2023. The founders got to know one another through prior employment, when they saw firsthand the challenges and inefficiencies associated with answering vendor questionnaires and RFPs. As a result, they were aware of how laborious and time-consuming these procedures might be.