SJF Ventures led this round, which also included the Govtech Fund.
Authorium sells cloud-based, no-code automation tech for procurement, budget, contracts and grants. It serves such agencies as the Florida Department of Children and Families and the Washington State Department of Veterans Affairs.
"It's so critical for government technology companies to find the balance of offering a vision for the public sector of what can be, and meeting government teams where they are today — we are thrilled to support Authorium because they understand this concept and deliver with results," said Ron Bouganim of the Govtech Fund in a statement.
Authorium also said it is opening an office in Washington, D.C.
The new office brings together employees who have worked remotely since the pandemic, the company said, and promises to cut down work-related travel. The move reflects post-pandemic trends in the larger world of technology.
As well, the company has launched a new product called AuthorAI.
Clients can use the tool’s generative AI to “author high-quality statements of work,” according to the statement. The new offering was trained on 15 million government procurement documents, and presents prompts that help public-sector workers describe “the product or service they seek to procure.”
Kamran Saddique, the co-CEO of Authorium, told Government Technology via email that public agencies face big challenges in the coming year.
“Cities, counties and states will continue to face headwinds to their budgets with federal cuts,” he said. “It’s more important than ever that they have a product that can help them manage their spend.”
The news about AuthorAI follows an announcement from another part of the procurement industry.
Texas-based Civic Marketplace, which operates a procurement platform for local governments and recently completed its own seed funding round, has partnered with two other operations in hopes of expanding access to cooperative contracts.
