Source: govtech
Authorium, the government technology firm once called City Innovate, has raised $8 million in a Series A extension round, money that will go toward hiring, research and development, and other areas. 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.
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.”