Pryzm officially launched today, introducing an AI-powered platform designed to streamline government contract capture for technology companies. Simultaneously, the company announced a successful $2 million funding round, co-led by prominent defense tech investor XYZ Venture Capital—an early backer of Anduril—and Amplify.LA, with additional support from First In and other strategic investors who share Pryzm’s vision of transforming public sector procurement.

Traditional government contracting tools often leave contractors stuck in a reactive cycle, spending excessive time on irrelevant opportunities or navigating a convoluted process to reach the right government buyers without sufficient information. Pryzm offers a proactive solution, providing targeted, comprehensive data to help users more effectively capture government business.

Ross Fubini, Managing Partner at XYZ Venture Capital, praised Pryzm’s team for their extensive expertise, which spans public sector procurement, acquisition, big data, and artificial intelligence. This deep knowledge, cultivated through roles at industry leaders like Lockheed Martin, Palantir, Veridion, and Tesla, gives Pryzm a significant edge in the market, attracting top contractors who aim to stay ahead of the curve.

Pryzm’s growing market presence is evidenced by partnerships with companies like Forterra, AFRL’s Griffiss Institute, and Decisive Point. Pat Acox, Vice President of Defense Growth at Forterra, highlighted Pryzm’s ability to deliver timely, actionable data, which is crucial for winning government contracts.

The recent infusion of capital will accelerate Pryzm’s development and expansion, enhancing the platform’s functionality and extending its reach to more companies serving the federal government. This support reinforces Pryzm’s mission to make government contracting more accessible, transparent, and efficient, ultimately helping top companies unlock their potential in the public sector.