Pursuit raises $22M to help companies win government contracts
Original: Bill Gurley, Jack Altman back startup Pursuit, which helps companies sell to government
Why This Matters
Addresses major pain point in $600B+ government contracting market through AI automation
Pursuit, a startup helping companies find and win government contracts, raised $22 million seed funding led by OpenGov co-founder Mike Rosengarten. The company has raised $25.5 million total from investors including Bill Gurley and Jack Altman.
Founded in 2023 by Mike Vichich and Brandon Max, Pursuit uses AI to continuously read public data from 11,000 state, local, and education entities. The platform crawls budgets, contract registers, FOIA records, and RFPs from every state, school district, county, and city nationwide. It then identifies SLED agencies most likely to buy customers' services within the next year based on budget signals, issues, and leadership. Vichich, who previously sold a consumer company to Olo for $200 million in 2021, describes Pursuit as an 'AI clone' helping companies track opportunities across their accounts. The company competes with Starbridge, GovSpend, and Deltek GovWin IQ in the government contracting space.