About a year-and-a-half ago, we announced our Series A investment in Procurement Sciences*, a company using AI to make selling to the federal government easier and more efficient. Now, we’re excited to support the company as it raises $30 million in Series B financing, led by Catalyst and with participation from Battery. It has been an exciting 18 months for the company.

For decades, selling into the federal government has been a notoriously complex and costly endeavor. From combing the sam.gov website, to corralling subject-matter experts to respond to RFPs, to running costly analytics exercises, selling to the government often carries more risk than potential benefit.

Procurement Sciences has flipped the process on its head. Initially, the AI-powered platform compliantly exposed best-in-class models for contractors to streamline proposal writing. Today, the platform continuously scans all new revenue opportunities to determine potential fits for government vendors; acts as a pipeline and work-list management tool; and provides automated compliance reviews to ensure the highest probability of winning government business. The product enables existing government contractors to drive more revenue and operate more efficiently while making it easier for new entrants to spin up a profitable government contracting business more quickly. To date, the company has supported over $2 billion in won contracts. Customers have said:

“Awarded AI allows my team to ‘stay in the game’ despite staff reductions, building quality proposals with less manual effort.”

“I’ve seen a 75% productivity increase on capabilities matrices, reducing a full day’s work to two hours.”

“Awarded AI was absolutely crucial to a complex international proposal with 94 separate RFP documents. It would have been impossible without Awarded AI.”

Since our investment, CEO Christian Ferreira has grown Procurement Sciences from seven full time employees to a team of more than 50. The addition of Greg Larson as CTO –previously head of engineering at Jasper AI and Divvy – is helping the company grow and attract top AI talent. As the company will be opening offices in the Washington, D.C. and Salt Lake City areas, we highly encourage talent in both markets to explore the more than 25 open roles at the company here.

As Christian and his team aim to deliver their platform to every business looking to sell to the government, they’re excited by the additional opportunities of expanding into the SLED (state, local, education) market, building additional product for delivery of services, and establishing themselves as the AI partner for all government contractors. We look forward to continuing to support the team, and if you know someone who sells to the government, we’d be happy to connect them with Procurement Sciences.