The questions seem quite open. Usually funds and serious institutions place description of the required fields, or at least underlined examples of what they expect.

You have answered the questions above, although I suggest structuring it and revising it. Have someone within the details of the business look at.
E.g. your platform is currently operating. Not even sure what operating is. It can be operating on your computer at home. It can be deployed on a cloud infrastructure and used by thousands/millions.
Built out is not really a term I would use. What is 'the technology", what part it is from the platform.

Write it in a way, so the person on the other side doesn't ask those questions, and understands where you are.

Further: in the ownership of IP you mention patents. If you really have it, you should also list in in IP protection part.

Number 4 is again a little bit open, but what they mean is an obligation of any kind. Starting from loans, any type of obligating contracts with 3rd parties, employees or others. E.g. a contract that states: I will help you raise this fund, and when you do, you will give me 50%.

Number 5 most likely refers to how do you plan to expand your IP (not only the protected one). Build more features to your software, add more products.

Hope this helps.