NationGraph Raises $18M for AI Procurement Intelligence
- •NationGraph secures $18 million Series A led by Menlo Ventures for procurement intelligence.
- •AI platform aggregates data from 110,000 agencies to assist government suppliers with bids.
- •Fresh capital will scale engineering teams to address fragmented public-sector contract data.
Government procurement has long been a labyrinth of "tribal knowledge" and fragmented data, where winning a contract often depends on who has the best access to obscure public records. NationGraph is aiming to dismantle this information asymmetry—where one party holds a data advantage—by leveraging artificial intelligence to mine disparate sources across more than 110,000 state and local agencies.
The company’s platform acts as a centralized intelligence hub, processing everything from meeting minutes and budget plans to strategic documents and RFPs. By transforming these unstructured documents into actionable signals, NationGraph allows suppliers to craft more competitive proposals and precisely time their pitches based on an agency's historical purchasing cycles.
The $18 million Series A round, led by Menlo Ventures with participation from Perplexity's Fund, underscores a growing investor appetite for "govtech" solutions. As CEO Kimia Hamidi notes, the public sector is a massive but underserved landscape. Without AI, the task of manually gathering and pricing data across such a vast, unorganized network of agencies would be virtually impossible.
The fresh capital is earmarked for scaling the technical team and expanding go-to-market operations. This funding follows a similar $42 million raise by competitor Starbridge, signaling a broader trend of AI moving into the government sales market to bring transparency to previously opaque processes.