Pursuit, an artificial intelligence startup that helps businesses identify and win government contracts, has raised a $22 million Series A funding round to expand its platform and accelerate product development. The financing brings the company’s total funding to $25.5 million and will support continued investment in AI-powered tools that simplify how organizations pursue opportunities with state, local, and education agencies.

The Series A round was led by Builders VC through general partner and OpenGov co-founder Mike Rosengarten. The financing builds on earlier backing from prominent investors including Bill Gurley, Jack Altman, and 87 Capital. The investment reflects growing confidence in the company’s mission to modernize the government procurement process using artificial intelligence.

Founded in 2023 by Sam Vichich and his co-founders, Pursuit was created to address one of the most challenging aspects of business development: navigating the fragmented world of public-sector procurement. Government agencies publish enormous amounts of procurement data across thousands of websites and systems, making it difficult for companies to identify the right opportunities at the right time. Pursuit applies AI to organize and analyze this information, enabling customers to discover and pursue contracts more efficiently.

The company’s platform continuously analyzes publicly available information from approximately 110,000 state, local, and education entities across the United States. Its AI systems review budgets, contract records, requests for proposals, Freedom of Information Act records, and other procurement-related documents to identify buying signals and potential contract opportunities. Rather than requiring customers to manually search multiple government portals, Pursuit consolidates relevant information into a single platform that prioritizes opportunities based on customer needs.

According to the company, its technology goes beyond simple document aggregation by using artificial intelligence to research agencies, identify procurement trends, and predict which organizations are most likely to purchase specific products or services. The platform evaluates factors such as agency budgets, purchasing history, operational priorities, and key decision-makers to generate recommendations that help sales teams focus on high-probability opportunities.

Government procurement represents one of the world’s largest markets, yet many companies struggle to participate because of the complexity of procurement rules and the decentralized nature of public-sector purchasing. Pursuit aims to lower those barriers by automating much of the research traditionally required before responding to government solicitations. The company believes artificial intelligence can significantly improve both the efficiency and effectiveness of public-sector business development.

The newly raised capital will be used to expand Pursuit’s engineering organization, enhance its AI capabilities, and continue building new features that help customers identify, qualify, and manage government sales opportunities. The company also plans to grow its customer base among software vendors, technology providers, and other businesses seeking to expand their public-sector revenue.

Investor support from Builders VC highlights increasing venture capital interest in enterprise software platforms that apply AI to specialized commercial workflows. Builders VC focuses on technologies that modernize traditional industries, and Pursuit fits within that strategy by using artificial intelligence to streamline government procurement and sales operations.

Existing investors Bill Gurley, Jack Altman, and 87 Capital also underscore the confidence experienced technology investors have placed in the company’s long-term vision. Their continued support reflects growing recognition that AI can create meaningful efficiencies in highly specialized enterprise markets that have historically relied on manual research and relationship-driven sales processes.

The company’s growth comes amid broader adoption of artificial intelligence across enterprise software. Businesses increasingly expect AI systems not only to automate repetitive tasks but also to generate actionable insights from large and complex datasets. In government contracting, where procurement information is dispersed across thousands of agencies and documents, AI provides an opportunity to dramatically reduce the time required to identify and evaluate opportunities.

Pursuit’s platform is designed to transform fragmented public information into structured intelligence that sales teams can use to prioritize outreach and prepare more competitive proposals. By combining large-scale public data collection with AI-powered analysis, the company aims to help organizations spend less time searching for opportunities and more time engaging prospective government customers.

With its $22 million Series A financing led by Builders VC and support from investors including Bill Gurley, Jack Altman, and 87 Capital, Pursuit is positioned to expand its AI-powered government contracting platform and strengthen its presence in the growing market for intelligent public-sector sales technology.

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