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Application Software
Brandon Gleklen, Jack Mattei  |  April 9, 2024
Procurement Sciences Makes Government RFPs a “Really Fast Process”

When we met Christian Ferreira, founder and CEO of Procurement Sciences*, we were immediately impressed by his unique blend of experience as a U.S. Marine Corps veteran with a strong technical background and a deep understanding of the challenges in the government-contracting industry. Christian’s career, spanning software engineering to business development at technology company IDEMIA, gave him firsthand insight into the painstaking process of sourcing and bidding on government contracts.

Proposal and business-development teams are key to discovering and unlocking revenue opportunities for government contractors. Bid discovery alone proves cumbersome, as finding qualified opportunities across a myriad of government data sources is not enough; teams need to prioritize bids with the greatest chance of winning (pWin), while also optimizing for the largest revenue opportunities.

From there, teams spend weeks or months parsing request for proposal (RFP) requirements, piecing together past proposal content, conducting fresh market research, manually writing long proposals and meticulously checking compliance boxes to avoid self-disqualification. This convoluted process puts small businesses at a significant disadvantage and hampers efficiency and growth for even the largest contractors.

Procurement Sciences is changing the paradigm. By combining deep workflow expertise with the power of large language models (LLMs), Christian and his team have built an end-to-end platform that is revolutionizing the multi-trillion-dollar government contracting industry. The company’s AI-powered suite of tools automates the entire government-contracting lifecycle, enabling businesses to discover relevant opportunities, generate tailored proposal content, analyze the competitive landscape, manage their pipeline and verify compliance – up to 10x faster than was possible through legacy, manual methods.

The value is clear. In just over a year since launching, Procurement Sciences has empowered over 80 customers, from Fortune 500 aerospace and defense companies to small businesses across sectors, to work smarter and win more.

And from customers’ perspectives, the results speak for themselves:

“We doubled proposal volume while keeping the team size the same. 70-80% of words were generated by AI in those submissions.”

“A task that normally takes two weeks is now taking just four hours.”

“Our pWin historically has been 35%. With PSci, it’s 50%.”

“This is equally valuable for everyone. State, federal, local. FARs, DFARs. Everyone.”

We could not be more excited to partner with Christian and the Procurement Sciences team on their journey to bring the power of AI to the world of government contracting. Through their work, they are not only boosting efficiency and growth for the largest U.S. government contractors but also helping to level the playing field for small businesses seeking to serve our government and communities across the country. We are honored to be a part of that journey.

*Denotes a Battery portfolio company. For a full list of all Battery investments, please click here.

The information contained herein is based solely on the opinions of Brandon Gleklen, Neeraj Agrawal and Jack Mattei and nothing should be construed as investment advice. This material is provided for informational purposes, and it is not, and may not be relied on in any manner as, legal, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any fund or investment vehicle managed by Battery Ventures or any other Battery entity.

This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and is for educational purposes.

Content obtained from third-party sources, although believed to be reliable, has not been independently verified as to its accuracy or completeness and cannot be guaranteed. Battery Ventures has no obligation to update, modify or amend the content of this post nor notify its readers in the event that any information, opinion, projection, forecast or estimate included, changes or subsequently becomes inaccurate.

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