Pryzm is a company that officially launched this week to make it easier and faster than ever for technology companies to accelerate government contract capture with the help of AI. The company also announced a $2 million funding round co-led by top defense tech investor XYZ Venture Capital (an early backer of Anduril) and Amplify.LA, with participation from First In and strategic individuals.
Most government contracting toolkits today are reactive. And contractors either spend most of their time exploring opportunities that come to them (many of which aren’t relevant), or tackling a fragmented, opaque process to get in front of the right government buyers without all the information they need. Pryzm – as a comparison – takes a more proactive approach by offering targeted and holistic data to drive users’ efforts to capture government business.
Pryzm’s team is uniquely positioned to tackle these challenges because of their experience in both the worlds of public sector procurement and acquisition, and big data and artificial intelligence. And its deep industry knowledge was built in prior roles at Lockheed Martin, Palantir, Veridion, and Tesla, and it is complemented by technical expertise that has resulted in significant market traction. Already, Pryzm has partnerships with notable companies such as Forterra, AFRL’s Griffiss Institute, Decisive Point, and others.
This funding will accelerate Pryzm’s development and expansion, enabling the company to continue growing the product’s functionality while reaching more companies that can serve the federal government. And such support bolsters Pryzm’s mission to make government contracting more accessible, transparent, and efficient, helping the best companies unlock their potential in the public sector.
KEY QUOTES:
“The Pryzm team could not be more perfect to solve this problem — all their experience gives them a massive lead over any potential competitor. They understand the needs here at such a detailed level, it’s no wonder they’ve already attracted many of the biggest name contractors who want to stay on the cutting edge.”
- Ross Fubini, Managing Partner at XYZ Venture Capital
“Pryzm provides targeted intel at exactly the right time, along with the tools to operationalize it into real world actions. Data at the right time and place is what wins, and Pryzm excels at delivering that value to our team.”
- Pat Acox, Vice President of Defense Growth at Forterra, a Pryzm customer
“With Pryzm, we’re building the toolset we want ourselves as government contractors: proactive, rather than reactive, and designed for the nonlinear way that you actually win business. We lean into simplifying what was once complex — connecting disparate information into one cohesive picture, specifically tailored towards your business.”
- Nick LaRovere, co-founder and CEO of Pryzm
