Procurement Sciences closed a $30 million Series B funding round to accelerate its AI-native platform for government contractors.
Catalyst Investors led the round, with participation from Battery Ventures, Tower Research Ventures, K Street Capital, Blu Ventures, Bosch Ventures, and Citi.
What Is Procurement Sciences?
Procurement Sciences builds AI software that automates how businesses find, win, and deliver government contracts. Founded in 2022 by Christian Ferreira, a Marine Corps veteran, the company tackles inefficiencies in the $1 trillion public sector market.
Over 300 organizations use Awarded AI, including four of the top 10 defense contractors and 25% of the top 100 government contractors.
The Problem It Solves
Government contracting is notoriously complex. Manual processes, outdated systems, and strict compliance create barriers. Tasks that should take hours stretch into weeks.
Ferreira experienced these challenges firsthand. He built Procurement Sciences to eliminate bottlenecks through intelligent automation and predictive analytics.
Breaking Down the Investment
The capital will fund product expansion, engineering team growth, new offices in federal centers, and agentic AI development. The company has facilitated over $3 billion in contract awards.
Awarded AI automates opportunity identification, proposal drafting, compliance review, and contract execution. It supports on-premises, GovCloud, and commercial cloud deployments.
Funding Overview
| Parameter | Details |
|---|---|
| Funding Amount | $30 million |
| Round Type | Series B |
| Lead Investor | Catalyst Investors |
| Co-Investors | Battery Ventures, Tower Research, K Street Capital, Blu Ventures, Bosch Ventures, Citi |
| Previous Round | Series A: $10M (April 2024) |
| Total Raised | ~$41.2 million |
| Founded | 2022 |
| Founder & CEO | Christian Ferreira |
Company Details
| Platform | Link |
|---|---|
| Website | procurementsciences.com |
| linkedin.com/company/procurement-sciences | |
| Twitter/X | @PSciAI |
| Location | Washington, D.C. |
Key Questions
Who led this round?
Catalyst Investors led with participation from Battery Ventures, Tower Research, and strategic investors.
What will the funds support?
Platform expansion, engineering team growth, new federal offices, and agentic AI development.
What's Next?
With proven adoption among major defense contractors, Procurement Sciences is positioned to capture more of the trillion-dollar government market. The platform's FedRAMP-aligned architecture makes it suitable for sensitive government work.​
The company faces competition from legacy tools and emerging AI startups, but its founder's industry experience and full-lifecycle focus provide competitive advantages.
