"Procurement Sciences AI Raises $10M in Series A Funding to Enhance Automation Software and Expand Market Reach"
Procurement Sciences AI Raises $10M in Series A Funding
Procurement Sciences AI's Series A Funding
Key Highlights:
- Series A Funding: Procurement Sciences AI raised $10 million in Series A funding.
- Investors: Battery Ventures led the round, with participation from Tower Research Capital, K Street Capital, and Blu Ventures.
- Company Focus: Procurement Sciences AI develops workflow automation software using AI to help government contractors search for bids and create proposals more effectively.
Procurement Sciences AI's Target Market
- Target Market: Government contractors, including defense and aerospace companies, as well as small and medium-sized businesses selling to the government.
- Business Development and Proposal Teams: Streamlining the procurement workflow for teams involved in bid discovery, proposal writing, and compliance review.
- Companies Seeking Efficiency: Organizations looking to reduce the time spent on bidding-related tasks and improve the effectiveness of their proposals.
What Procurement Sciences AI Needs to Buy
- AI and Automation Expertise: Collaborating with AI and automation experts to enhance their workflow automation software.
- Integration Solutions: Developing integrations with common data sources like SharePoint and Google Drive to streamline bid discovery and proposal creation.
- Marketing and Sales Support: Engaging with marketing and sales service providers to expand their customer base and reach new government contractors.