NationGraph, an AI-native intelligence platform for businesses selling to government agencies, announced it has raised $18 million in Series A funding led by Menlo Ventures, with participation from Perplexity’s Fund, XYZ Venture Capital, Reach Capital, and angel investors. The round, which closed in Q4 2025, brings the company’s total funding to $22.5 million.
Based in San Francisco, NationGraph is focused on addressing the complexity of selling into the public sector, where more than 110,000 government agencies operate on varying budget and procurement cycles. Although government data is technically public, critical buying signals are dispersed across millions of websites and buried in meeting minutes, budgets, strategic plans, RFPs, and other documents, making them difficult to access and act on in a timely manner.
NationGraph indexes data from approximately 110,000 government entities across roughly four million websites and applies AI reasoning to surface predictive insights. Its platform offers Signals, which deliver intelligence on government purchasing decisions by cross-referencing key data sources tailored to each supplier’s products and services. The company also provides Public Record Request Automation to manage large-scale public records requests and push structured data into existing sales platforms, as well as Contacts, which uses AI to identify buyer titles, validate email addresses, and map them to Signals.
The new funding will be used to expand the platform’s data coverage, strengthen the Signals engine, and enhance the overall user experience. NationGraph previously raised a $4.5 million seed round in August 2024 led by XYZ Venture Capital, with participation from Reach Capital and other angel investors.
Hamidi previously founded Buyer, a price intelligence platform acquired by Ramp in 2021, where he served as head of Savings and worked within procurement workflows. Ding previously worked at Citadel, specializing in turning large-scale data into competitive advantages.
Founded in 2024, NationGraph aims to make public sector data more accessible and actionable for businesses serving cities, counties, state agencies, schools, and special districts.
KEY QUOTES
“We started NationGraph because we saw firsthand how information asymmetry determines who wins government contracts. We bring intelligence to the businesses that serve cities, counties, states, schools and special districts, through AI-native tools that give them something they have never had: a complete picture of every account in their territory. NationGraph can tell you what an agency purchased in the past, who they bought it from, what they paid, what problems are surfacing in board meetings right now, what budget line items just got approved, and what’s likely coming next. Now, a small team can operate with the coverage and context of a team many times its size. They walk into every conversation already knowing the agency’s priorities, budget reality, and pain points. They can speak directly to how they solve that exact problem. They don’t just save time. They show up differently. And when they show up differently, agencies get better outcomes too.”
Kimia Hamidi, Co-Founder And CEO Of NationGraph
“We’re proud to lead NationGraph’s Series A as they bring transparency to the broken process of government procurement. Government sales is an incredibly messy and opaque process with data locked up in countless portals, unstructured documents, and tribal knowledge. NationGraph has built an AI-native platform that creates a deep intelligence layer across millions of government records that allows anyone selling to state and local governments to discover new revenue opportunities and then execute against them. We’re excited to see Kimia and team continue to leverage their data platform to become the transaction layer for government procurement.”
Croom Beatty, Partner At Menlo Ventures
“Trillions of dollars flow through state and local governments and schools and special districts every year, but the infrastructure for businesses to participate in that market hasn’t changed in decades. We’re building a system that lowers the barrier for any company to serve the public sector, not just the incumbents who already know where to look.”
Eden Ding, CTO And Co-Founder Of NationGraph
