Intellectible raises $3M to automate revenue work for services firms

AUSTIN — Intellectible, a startup building AI software for the way service companies win and deliver work, has closed a $3 million seed round led by Bread & Butter Ventures. Victorum Capital, Gray Ventures, Circadian Ventures, Allied VC and High Street Equity Partners joined, along with angel investor Adam Burgoon.

Founded in 2023 by CEO Jesse Lozano along with Rosie Higgins and CTO Reuben Carter, Intellectible focuses on enterprise service providers and government contractors — businesses that live on complex bids, proposals, pricing and compliance. Its platform maps how a company operates, from standard procedures and templates to pricing logic and CRM data, then converts those patterns into configurable AI engines for capture, proposal writing, estimation and knowledge management. The company says one customer saw more than a 300% increase in qualified pipeline with a 95% cut in the associated administrative work.

Why it matters

Much of the AI funding wave has chased consumer chatbots and coding tools, but Intellectible is aiming at a less glamorous target: the spreadsheets, inboxes and tribal knowledge that run trillions of dollars in government and enterprise contracting. It is also another Austin company selling into the federal market, a sector the city's startups have leaned into as public spending on modernization grows.

Enterprise service providers are some of the biggest, most important, and most under-automated companies in the economy.— Jesse Lozano, co-founder and CEO, Intellectible