MA-based Pryzm, an AI-powered intelligence platform to accelerate government contract capture has secured Oversubscribed $2 Milion in Funding round led by XYZ Venture Capital and Amplify.LA, with participation from First In and other investors.
Read also – [Funding News] Comun Raises $21.5 Million in Series A Funding
With the money, the company hopes to expand and quicken development so that the product’s capability may continue to grow and reach additional businesses that can provide services to the federal government.
Read also – [Funding News] Agency AI Raises $2.6 Million in Pre-Seed Funding
“Our core demographic has been the VC-backed defense tech companies, We’re pulling all this in to give you this really highly targeted heat map or signal into where opportunities may be and who you need to work with, Of course, this sounds a lot like what Palantir does for other sorts of data, organizing and contextualizing it into a dashboard. Could Pryzm be described as a Palantir for contracting? “Yeah, I don’t think that’s too far off,” said Nick LaRovere, a Pryzm co-founder.
At companies including Palantir and Lockheed Martin, Pryzm saw firsthand how opaque the world of government technology procurement really is, and how difficult it can be for companies to navigate. Gone are the days of bringing SAM.gov links into a spreadsheet at your team’s weekly roundup. With Pryzm, teams work across a shared workspace to source, analyze, qualify, and prioritize opportunities in the most efficient interface on the market.
Pryzm is an AI analyst trained to understand the technological and historical context of your capabilities and surface the latest contracts, grants, and awards most relevant to your growth without the need for keyword-based search.
About Pryzm
Founded by alumni of Palantir Technologies and Lockheed Martin in 2022, Pryzm is enabling technology companies to ‘connect the dots’ of complex public sector business development. The company provides its customers unparalleled access to the tools, data, and context required to proactively navigate the intricacies of government contracting.
