Procurement Sciences announced it has closed a $30 million Series B funding round led by Catalyst Investors, with participation from existing investors Battery Ventures, Tower Research Ventures, K-Street Capital, and Blu Ventures, as well as new strategic investors Bosch Ventures, Citi, and several industry angels. The company will use the new capital to expand its product capabilities, increase hiring, open new offices and deepen commercial deployment in key markets.
The company aims to build the first AI-native operating system specifically for businesses that sell to government agencies. Its platform, Awarded AI, enables organizations to discover opportunities, generate proposals, manage compliance, and deliver on awarded contracts within one integrated system. The software replaces fragmented tools and manual workflows that have historically slowed organizations competing in the public sector. Procurement Sciences is positioning its solution for companies selling to the federal government, state agencies, local municipalities, education institutions, and international public sector buyers.
Since raising its Series A 15 months ago, the company has experienced notable growth. Procurement Sciences has grown revenue by more than ten times, supported customer wins exceeding $3 billion in awarded contracts, expanded to more than 300 organizations, including major defense and aerospace firms as well as consulting and technology providers, appointed Greg Larson as CTO following his experience scaling Jasper AI and Divvy, and increased its team from 16 employees to more than 70.
The market opportunity remains significant, as the U.S. government is one of the largest purchasers of goods and services globally. Procurement Sciences’ technology aims to simplify the complexity of navigating procurement requirements, enabling organizations to compete more effectively.
KEY QUOTES:
“The U.S. government is the world’s largest buyer, offering enormous opportunity, but the process is complex, competitive and leaves no margin for error. As a Marine Corps veteran and former contractor, I know firsthand how outdated systems and manual processes hold companies back and restrict innovation from reaching the government sector. With this investment, Procurement Sciences will expedite the shift to intelligent automation, predictive insights and agentic AI – tools that give contractors of any size the power to win and deliver with speed, compliance and confidence. Work that once took weeks now takes minutes.”
Christian Ferreira, Founder and CEO, Procurement Sciences
“Procurement Sciences has achieved something rare – true category creation in a massive, underserved market. Christian and his team have built the only comprehensive, AI-first solution designed specifically for government contracting, and their results speak for themselves. We’re excited to support their mission to transform how businesses compete in the public sector.”
Tyler Newton, Managing Partner, Catalyst Investors
