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Procurement Sciences AI raised $10M in Series A funding led by Battery Ventures, with follow-on investment from Tower Research Capital and new funding from K Street Capital and Blu Ventures.

Apr 09, 2024•over 1 year ago

Amount Raised

$10 Million

Round Type

series a

DunstableMachine LearningArtificial IntelligenceSoftware

Investors

Blu VenturesK Street CapitalTower Research CapitalBattery Ventures

Description

Procurement Sciences AI has raised $10M in Series A funding to revolutionize the government contracting business-development process. The company's generative AI-powered automation tools are designed to help streamline the procurement workflow for government contractors.

Company Information

Company

Procurement Sciences AI

Location

Dunstable, Massachusetts, United States

About

Founded in late 2022, Procurement Sciences AI (“PSci.AI”) develops workflow automation software that uses artificial intelligence to help government contractors to search for bids and create proposals more effectively.

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Funding Insights

Based on industry data
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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech