Defense software company Govini has received a $150 million growth investment from Bain Capital to expand its team of technologists and defense experts, broaden its product offerings and improve its data capabilities to meet the increasing demand across the national security sector.
Govini said Monday the investment comes as it surpasses $100 million in annual recurring revenue.
“This investment validates not just the current position achieved by our incredibly talented team, but also our long-term goal of fundamentally rewiring how defense and national security communities make decisions with AI and data,” said Eric Gillespie, founder and executive chairman of Govini.
Advancing AI-Powered Tech to Accelerate Defense Acquisition
Govini develops software designed to accelerate the defense acquisition process. The company’s suite of artificial intelligence-enabled applications, called Ark, leverages the proprietary National Security Knowledge Graph to streamline workflows across defense acquisition, including supply chain, logistics, production, modernization and sustainment.
Govini CEO Tara Murphy Dougherty said the company’s software provides speed, replacing outdated acquisition processes with a system built for modern competition.
“By equipping the Department of War with the capabilities to outpace, out-innovate, and out-fight those who threaten us, we are turning the outdated acquisition system into a force multiplier that delivers decisive advantage. This capital ensures we can scale rapidly to meet the surging demand for our products, which gives the United States the edge it needs to win,” the chief executive added.
Scott Kirk, partner at Bain Capital Tech Opportunities, said the investment firm is pleased to support Govini’s next phase of growth as it continues to transform how the U.S. government acquires and deploys critical capabilities.
“Govini sits in a completely unique position at the intersection of national security, data, and software—areas that are increasingly vital to America’s strategic interests,” Kirk noted.
