#USA #Washington #Procurement Sciences #Awarded AI #Catalyst Investors

Procurement Sciences Raises $30 Million in Series B Funding

On November 5, 2025, Procurement Sciences announced the successful closure of a $30 million Series B funding round. This venture, led by Catalyst Investors, is aimed at accelerating the development of its AI platform, Awarded AI, which is designed to assist businesses in navigating the complex landscape of government contracts.

Amid a booming market that is estimated to be worth $1 trillion, the competition to secure government contracts has grown significantly. The latest funding round saw participation from not only existing investors like Battery Ventures and Tower Research Ventures, but also new entities including Bosch Ventures and Citi. The infusion of capital will enable Procurement Sciences to expand its product offerings, hire strategic talent, and establish new offices in key geographic markets.

Transforming Government Contracting with AI

The founder and CEO of Procurement Sciences, Christian Ferreira, who has a background as a Marine Corps veteran and contractor, expressed the challenges faced by companies in this space. He highlighted outdated systems and manual processes that hinder efficiency and innovation. Ferreira states, "With this investment, we will expedite the shift to intelligent automation and predictive insights, providing contractors with the tools needed to succeed rapidly and with confidence."

At the core of this transformation is Awarded AI, which stands as the first-ever AI-native contracting platform designed specifically for government-related businesses. This sophisticated tool assists in automating various processes involved in proposal management. By unifying multiple functions—such as compliance management and relationship handling—Awarded AI reduces the time spent on proposal creation from weeks to mere minutes. This new approach promises to enhance the speed and quality of contracts awarded to businesses of all sizes.

Continued Growth and Impact

In just 15 months since its last investment round, Procurement Sciences has seen exponential growth. They report a tenfold increase in revenue and over $3 billion in customer contract wins. Notably, they’ve expanded their client base, which now includes four of the top ten defense and aerospace contractors, in addition to notable IT and consulting firms.

The company has also grown its team dramatically, expanding from 16 employees to over 70, and appointed Greg Larson as CTO. Larson brings valuable experience from his success in scaling companies to multi-billion-dollar valuations.

A Game Changer in Government Contracting

As noted by Tyler Newton, Managing Partner at Catalyst Investors, Procurement Sciences is not just another tech startup; it is pioneering a completely new category within the government contracting space. The platform they are developing is tailored to meet the specific needs of businesses working with government contracts—driving unprecedented efficiency and effectiveness in this significant market.

The demand for such an innovative solution is clear. Businesses looking to compete in the government arena face numerous hurdles due to the complexity of the contracting process. With advancements such as those offered by Procurement Sciences, the potential for growth and success is now more accessible than ever.

For more information, visit Procurement Sciences or explore the features of Awarded AI at their platform page.

About Procurement Sciences

Founded in 2022, Procurement Sciences aims to empower businesses selling to the government sector with an AI-native operating system. Their platform integrates opportunity discovery, proposal automation, compliance management, and execution into a single, efficient solution. Trusted by both industry leaders and emerging contractors, it enables companies to find opportunities, respond to proposals, and deliver projects with confidence and speed.

The Future of Government Contracting

With targeted resources and enhanced tools, Procurement Sciences stands to reshape the governmental procurement landscape. As more companies recognize the power of AI in this sector, we can expect a significant shift in how government contracts are managed, ultimately leading to better outcomes for all stakeholders involved.