About Iris AI
Iris gives sales, proposal and security teams one system for RFPs, proposals, security questionnaires and due-diligence questionnaires. It reads company knowledge, drafts responses, routes reviews and tracks approvals.
Ben Hills and Sagee Moyal founded Iris in 2023 after writing a combined 5,000 proposals. More than 300 organizations use Iris, and its team has 25 people.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Dec 22, 2025 | Oct 26, 2026 | $4,996,012of $4.9M target | 10 | $499K | EquityRule 506(b) | Form D ↗ |
| Jan 31, 2025 | Feb 13, 2025 | $4,067,499of $5.0M target | 23 | $176K | EquityRule 506(b) | Form D ↗ |
| Total, two offerings | $9,063,511 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by Iris AI
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Feb 11, 2025 | Seed | $3M | Florida Funders (lead), Naples Technology Ventures and its extended investment network | Iris ↗ Florida Funders ↗ |
Why Investors Backed Iris AI
Investors backed Iris because proposal teams assemble answers from scattered documents and coordinate reviews across several departments. Iris turns that work into one system with AI-assisted drafting, source citations, assignments and approvals. Iris has more than 300 customers and publishes customer examples from sales, healthcare and security teams.
The problem it targets
RFPs, proposals and security questionnaires require current facts from sales, legal, security and product teams. Iris's view is that legacy answer banks become stale and proposal managers still chase contributors through spreadsheets, email and chat. That creates slow first drafts, inconsistent answers and unclear approval records.
What the product does
Iris connects to company documents and systems, builds a knowledge map and flags conflicting information. It drafts buyer-specific responses with citations, assigns sections to contributors and records edits and approvals. It also scores whether a team should bid and analyzes which content affected wins and losses.
Progress so far
More than 300 organizations use Iris, and its team has 25 people. Iris names customers including BuildOps, Corelight, MedRisk, Class, Hazel Health, PERSUIT and Cresta. BuildOps reports a 60% reduction in project time on Iris.
Who backs it
Iris announced a $3 million seed round led by Florida Funders, with Naples Technology Ventures and its extended network participating. The Iris website also displays Tabs, Black Duck, Kindergarten Ventures, Cultivation Capital, Gaingels and Mana Ventures among its backers.
How the market is moving
Companies increasingly use AI to draft business documents, but proposal answers still need current source material and formal review. Iris positions its source citations, review inbox, approval chains and audit history as controls for that risk. Its integrations include SharePoint, Google Drive, Notion, Confluence and sales systems.
We wrote this summary from public statements by Iris AI and its investors. It is not investment advice.
Iris AI in the News
Leadership Team
Executive officers and directors listed on Iris AI's Form D filed Oct 26, 2026.
