Pryzm, a Boston, MA-based startup that uses AI to help tech companies quickly and efficiently secure government contracts, has raised a $2 million funding round.
Investors
The round was co-led by XYZ Venture Capital, with additional support from First In and strategic investors.
XYZ Venture Capital is a San Francisco, CA-based venture capital firm founded in 2017. The firm focuses on seed and early-stage investments in fintech, enterprise, insurance, technology, and public sector companies.
Pryzm Use of Funds
With the new funding, Pryzm plans to enhance its platform and expand its reach, furthering its mission to make government contracting more accessible and efficient for innovative companies.
About Pryzm
Founded in 2022, Pryzm provides an AI-driven platform designed to simplify and accelerate the process of capturing government contracts, particularly for technology companies. It helps contractors by delivering targeted, comprehensive data that allows them to proactively engage with the right government buyers. Pryzm enables technology companies to "connect the dots" in complex public sector business development, offering unparalleled access to the tools, data, and context needed to navigate the intricacies of government contracting.
Funding Details
Company: Pryzm Dynamics Inc.
Raised: $2.0M
Round: Pre-Seed Round
Funding Date: August 2024
Lead Investor: XYZ Venture Capital
Additional Investor: First In
Company Website: https://www.pryzm.io/
Software Category: Government Contracting
Source: https://www.prnewswire.com/news-releases/palantir-and-lockheed-martin-alums-raise-2-million-to-launch-pryzm-and-simplify-government-contracting-302232928.html