Iris

Iris

Automate your compliance process and turn requests into sales wins.

HQ location
Chicago, United States
Website
Launch date
Employees
Enterprise value
$5—7m
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DateInvestorsAmountRound
investor

€0.0

round
*

N/A

Seed
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD2023
Revenues0000
EBITDA0000
Profit0000
EV0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000

Source: Dealroom estimates

More about Iris
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Heyiris.ai is a startup that specializes in automating the compliance process for businesses. The company offers a platform called IRIS, which drafts responses to various questionnaires and documentation requests, thereby saving time and boosting productivity for its clients. The primary users of IRIS are sales teams, compliance officers, and executives who often find themselves bogged down by the need to complete custom documentation to conduct business with other companies.

The market for heyiris.ai is primarily B2B (business-to-business), focusing on companies that need to comply with security and regulatory requirements. This includes industries like technology, finance, healthcare, and any other sector where compliance is a critical component of the sales process.

Heyiris.ai operates on a SaaS (Software as a Service) business model. Clients subscribe to the IRIS platform, paying a recurring fee to access its features. The platform helps businesses by automatically drafting responses to Security Questionnaires, Requests for Proposals (RFPs), and Quotes (RFQs), among other documentation. This automation is based on a "Source of Truth," which is a knowledge map created from the company's existing compliance documentation.

The company makes money through subscription fees, which can vary based on the size of the business and the complexity of their compliance needs. By automating the compliance process, IRIS helps companies reduce turnaround times, thereby preventing potential sales from slipping away due to delays.

In summary, heyiris.ai provides a valuable service by turning the cumbersome task of compliance documentation into a streamlined, automated process. This not only saves time but also enhances productivity and sales efficiency.

Keywords: Compliance Automation, Security Questionnaires, RFPs, RFQs, SaaS, B2B, Productivity, Sales Efficiency, Knowledge Map, Documentation.

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