TechnoMile Announces Financing from K1 Investment Management

Originally published in ExecutiveBiz on August 3, 2021

TechnoMile has received $20 million in funding from K1 Investment Management and will use the funds to advance hiring efforts and further improve its cloud software offering for government contractors.

TechnoMile’s cloud platform combines internal and external data sources and uses artificial intelligence, machine learning and automation to help GovCon firms gain actionable insights, navigate the entire contracting process, win contracts, streamline contract administration and meet compliance needs, the company said Tuesday.

Ashish Khot, founder and CEO of TechnoMile, said the company seeks to support government contractors throughout the contract lifecycle by providing them with technology platforms that uses AI, data mining and machine learning.

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