OPENING LINES AUTHORIUM STEPS INTO GROWING FIELD OF AI PROCUREMENT PRODUCTS Source:https://www.americancityandcounty.com/, Ryan Kushner, First published April 11th, 2025 Authorium, a cloud-based platform built for government administrative operations, announced the release of AuthorAI, a product that uses generative AI to streamline the procurement process. AuthorAI generates statements of work when a user prompts it with a description of the product or service a government team is looking to procure. Authorium says it trained the AI tool on 15 million government procurement documents. The SOW is generated “in minutes” and can include citations to original source documents.The user can then share and revise the SOW across government teams, according to the company.The tool is available for immediate purchase from Authorium and AWS Marketplace. The product launch was made possible by an $8 million infusion from investors at the start of 2025, according to Authorium. “Over the past year, Authorium has doubled the amount of government acquisitions that are processed on our platform, increasing from $25 billion in spring 2024 to $50 billion today,” Authorium co-CEOs Jay Nath and Kamran Saddique said in a joint statement. The company also offers tools designed to streamline budget administration, grant management and legislative analysis. 15 BUSINESS VIEW MAGAZINE VOLUME 12, ISSUE 04
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