Company Profile: SVT Solutions Inc., DBA Procurity.AI

Background

SVT Solutions Inc., operating under the brand name Procurity.AI, is a technology firm headquartered in Austin, Texas. Established in 2023, the company specializes in integrating artificial intelligence into government procurement workflows. Its flagship product, ProcurityIQ, is a Software-as-a-Service (SaaS) platform designed to enhance transparency, efficiency, and compliance in public sector procurement processes. Procurity.AI's mission is to revolutionize government procurement by leveraging AI-driven decision support systems, ensuring strict adherence to evolving regulatory norms.

Key Strategic Focus

Procurity.AI's strategic focus centers on modernizing public sector procurement through advanced AI technologies. The company targets government agencies, municipalities, utilities, higher education institutions, and the medical sector. By addressing traditional challenges such as complex regulatory compliance, processing bottlenecks, and talent shortages, Procurity.AI aims to streamline procurement workflows and mitigate risks associated with supply chain disruptions and market volatility.

Financials and Funding

In April 2025, Procurity.AI launched a crowdfunding campaign on Wefunder, inviting early investors to participate in its growth. The campaign aims to raise $50,000 to develop Version 1.0 of ProcurityIQ, hire additional programmers, and market the product effectively. The company has also established a partnership with Microsoft as an Independent Software Vendor (ISV), enhancing its credibility and market reach.

Pipeline Development

Procurity.AI is actively developing ProcurityIQ, with the base version already realized. The company has initiated pilot partnerships with industry leaders to test and refine the platform. The development of ProcurityIQ Version 1.0 is underway, with a focus on incorporating user feedback and ensuring compliance with industry standards. Additionally, Procurity.AI has commenced the journey towards SOC2 and ISO 27001 certifications to demonstrate its commitment to data security and regulatory compliance.

Technological Platform and Innovation

ProcurityIQ leverages a large language model-driven, multi-agent framework-based core architecture, incorporating reinforcement learning models and OpenAI's language models. The platform is built on the Microsoft .NET 8 framework and integrates seamlessly with Azure Machine Learning, Azure Data Lake Analytics, and Power BI Embedded. Key features include:

Vendor Compliance Comparison: Analyzes contract data against approved vendors to ensure compliance.

Contract Analysis: Provides insights into cost savings and other significant analytics by uploading and analyzing contracts.

RFP Evaluation: Evaluates Request for Proposals within minutes, significantly reducing processing time.

Cost Analysis: Assesses contract costs in real-time to determine acceptance.

User-Friendly Design: Utilizes AI and machine learning to provide intelligent, efficient information and in-depth reporting.

These capabilities position ProcurityIQ as a transformative tool in the public sector procurement landscape.

Leadership Team

Procurity.AI's leadership team comprises seasoned professionals with diverse backgrounds in technology, business strategy, and government procurement:

Kevin Herrera: Founder, Chief Technology Officer, and Chief Information Security Officer.

Carlton Dozier: Co-founder, Chief Executive Officer, and Chief Financial Officer.

Randy Medina: Co-founder, Chief Operating Officer, and Chief Product Officer.

Kumar Vankipuram: Co-founder, Chief Business Officer, and Chief Strategy Officer.

Tim Nesler: Chairman of the Board.

This team brings a harmonious mix of expertise in AI, information technology, and government procurement, including veterans from the tech industry and ex-military personnel. Their combined experience enables the development of solutions that are both technologically advanced and deeply aligned with the needs of governmental clients.

Competitor Profile

Market Insights and Dynamics: The government procurement software market is experiencing significant growth, driven by the need for increased efficiency, transparency, and compliance in public sector procurement processes. The integration of AI and machine learning technologies is a key trend, offering solutions that can handle complex regulatory requirements and large volumes of data.

Competitor Analysis: Procurity.AI operates in a competitive landscape with several notable players:

Aavenir: Provides AI-based source-to-pay solutions for businesses.

CobbleStone Software: Offers AI-powered contract lifecycle management and procurement software solutions.

Trust Your Supplier: Provides an information management and risk mitigation platform for procurement teams and suppliers.

HAP: Develops a supply chain due diligence platform.

These competitors focus on various aspects of procurement and supply chain management, leveraging AI to enhance their offerings.

Strategic Collaborations and Partnerships

Procurity.AI has established a partnership with Microsoft as an Independent Software Vendor (ISV), enhancing its credibility and market reach. This collaboration provides access to advanced technologies and resources, supporting the development and deployment of ProcurityIQ.

Operational Insights

Procurity.AI's operational structure is designed to foster agility and innovation. Cross-functional teams integrate technology development, market analysis, and customer feedback to rapidly iterate and improve product offerings. This approach promotes a collaborative environment that encourages the free exchange of ideas, leading to the development of innovative solutions tailored to governmental procurement challenges.

Strategic Opportunities and Future Directions

Procurity.AI is poised to capitalize on the growing demand for AI-driven procurement solutions in the public sector. Future directions include:

Product Development: Advancing ProcurityIQ to include additional features and capabilities based on user feedback and emerging market needs.

Market Expansion: Extending outreach to additional government agencies and sectors, both domestically and internationally.

Regulatory Compliance: Achieving SOC2 and ISO 27001 certifications to demonstrate commitment to data security and regulatory compliance.

Strategic Partnerships: Forming alliances with technology providers and industry leaders to enhance product offerings and market presence.

By leveraging its technological expertise and understanding of government procurement processes, Procurity.AI aims to establish itself as a leader in the procurement advisory space within the government sector.