Govly aggregates contract feeds (by default SAM.gov and others) into a searchable platform that highlights key parts of solicitations and normalizes classification codes. The product uses third‑party AI services, including OpenAI’s GPT‑3.5 and AWS Comprehend, to surface descriptions, due dates, customers and locations and improve search quality. Govly also automates contracting workflows and enables collaboration across primes, resellers, distributors and OEMs so partners can share data and respond to solicitations together. The company serves roughly 400 organizations with a team of eight and reports annual recurring revenue of about $1.2 million, with an expectation of reaching profitability by year‑end 2023. Govly plans to use new proceeds to expand its team and broaden the platform beyond primarily IT contracts into state and local education opportunities.

Total raised

$10M

Funding rounds

1

Latest round

Series A

Latest activity

Nov 2023