NationGraph, an AI-powered procurement intelligence platform focused on government contracting, has raised $18 million in a Series A funding round.
The round was led by Menlo Ventures, with participation from Perplexity Fund, XYZ Venture Capital, Reach Capital, and several angel investors. The financing, which closed in late 2025, brings the company’s total funding to $22.5 million.
Making Government Procurement Data Accessible
Government contracting in the United States is highly fragmented, with more than 90,000 purchasing authorities across federal, state, municipal, and county levels. Vendors seeking contracts often struggle to access accurate and usable information about procurement activity, budgets, and decision-makers.
NationGraph aims to address this challenge by aggregating and analyzing procurement data through an AI-driven platform that helps companies identify potential government customers and contract opportunities.
The system gathers and organizes information from a wide range of public sources, including budget documents, meeting records, and requests for proposals. The platform also automates freedom-of-information requests to retrieve additional procurement data that may not be readily accessible.
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AI-Powered Procurement Intelligence
By structuring and analyzing large volumes of public data, NationGraph provides vendors with insights into past purchasing behavior, upcoming procurement opportunities, and relevant government contacts.
The platform is designed to give sales teams working in government contracting access to research capabilities that would otherwise require large internal teams. Customers range from mid-market software providers to companies supplying essential services and materials to public sector organizations.
Although the platform currently focuses on U.S. procurement data, the company says expansion into Canadian government contracting data is being considered based on customer demand.
Founders And Team
NationGraph was founded by CEO Kimia Hamidi and CTO Eden Ding, both of whom have backgrounds in finance and data infrastructure.
Hamidi previously led savings products at the corporate spend management company Ramp, following the acquisition of his earlier startup, Buyer, in 2021. Ding worked as a quantitative developer at the investment firm Citadel.
The company maintains offices in San Francisco, Toronto, and Miami, with roughly half of its 20-person team based in Toronto.
AI-Native Startup Ecosystem
NationGraph represents a growing category of AI-native startups building applications on top of large-language-model infrastructure developed by companies such as Anthropic and OpenAI. These startups focus on extracting actionable insights from complex datasets that were previously difficult to analyze at scale.
Menlo Ventures, which led the funding round, is a Silicon Valley venture capital firm founded in 1976 with more than $6.8 billion in assets under management. Its portfolio includes companies such as Anthropic, Chime, and Uber.
Growth Plans
NationGraph currently offers its platform through a subscription-based software model billed per user seat. The company is also considering usage-based pricing as it expands automation capabilities within the platform.
The new funding will be used to enhance the platform’s research infrastructure, improve data processing capabilities, and expand hiring across engineering, marketing, and sales functions.
About NationGraph
NationGraph develops AI-powered procurement intelligence tools designed to help vendors identify and pursue government contract opportunities. By aggregating and structuring public procurement data, the platform enables companies to analyze purchasing trends, identify decision-makers, and navigate complex government contracting processes more efficiently.
