Government contracting startup Sweetspot, which uses AI to help companies navigate the US procurement process, raised $2.2 million in its initial seed funding round, the company told Semafor exclusively.
The round, led by 1984 Ventures, marks a milestone for the five-person startup that came out of Y Combinator in 2023. It hopes to make the sometimes byzantine, $759 billion world of government contracts accessible to anyone.
It's also an example of the new generation of AI-enabled startups that can get by with fewer employees and less funding. One of Sweetspot's five employees is an intern.
The company launched about a year ago with a search engine that scours federal contract databases. It's since expanded to mine state and local contracts, and has added software that helps compa
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