A startup aiming to simplify the government contracting process recently landed major funding to continue expanding its team.
Procurement Sciences AI raised $10 million during its Series A round, according to a Tuesday announcement. Founded in 2022 by Christian Ferreira, the company works with businesses in streamlining, responding to and winning government contracts. It uses AI to sort through and analyze documents, helps match businesses to opportunities and builds first drafts of proposals.
Ferreira is a former United States Marine Corps sergeant and War in Afghanistan veteran who worked in government contracting after his military service. He’s looking to remedy “pain points” in the procurement process, like manually sifting through hundreds of pages of documents.
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