State Affairs Secures $70M Funding From Founders Fund Khosla Ventures And Others

State Affairs, an AI-powered intelligence platform, has raised $70 million in funding to enhance its operations in navigating the policy and regulatory economy. The transaction does not include any earnout considerations or tax implications that are specified.

Summary of transaction details:

• Deal Type: Funding
• Transaction Amount: $70,000,000
• Company Headquarters: Miami, Florida
• Founders: Evan Burns, Jamie Seltzer
• CCO: Alison Bethel
• Notable Investors: Founders Fund, Khosla Ventures, Tru Arrow Partners, Alumni Ventures, Marcus Brauchli, Alex Mather, Adam Hansmann, Richard Sarnoff

Founded by Evan Burns and Jamie Seltzer, State Affairs combines a vast network of embedded statehouse reporters with an advanced AI knowledge graph. The platform is utilized by one-third of U.S. state and federal elected officials and major enterprises such as Walmart, Mastercard, and McDonald’s, reflecting its key standing in the industry.