Pursuit, an AI platform that scans public data to help companies identify and win government contracts, closed a $22 million seed round led by OpenGov co-founder Mike Rosengarten.
The startup leverages artificial intelligence to parse publicly available information, streamlining the contract discovery process for businesses seeking government work. Government contracting represents a significant market opportunity, but the landscape is fragmented across federal, state, and local procurement systems.
Pursuit's technology automates what traditionally required manual research and bid monitoring. The platform targets companies of all sizes looking to compete for public sector opportunities without dedicating substantial internal resources to contract hunting.
Rosengarten, who previously built OpenGov into a major civictech player, brings domain expertise to the investment. His involvement signals confidence in the market for government contracting automation tools.
The $22 million seed funding positions Pursuit to expand its AI capabilities and customer base. Government procurement spending exceeds hundreds of billions annually across all levels, creating substantial addressable market potential for contract discovery platforms.
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Dutch nanoimprint lithography startup Morphotonics secured €40 million in funding from 3M Ventures, the EIC Fund, and other investors. The company plans to use the capital to expand into optical components for data centers.
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