Craft.co
Craft.co sells supplier risk and supply chain data, used heavily by the Pentagon and federal agencies.
On the record
Checkpoint: Whether Craft closes a Series C and whether the Air Force contract renews or expands
The call
Craft still holds real ground inside federal supplier screening, but a much richer rival and a stalled funding clock are closing in fast.
Craft.co checks whether companies can safely work with the U.S. military and federal agencies, using data and analysis to spot red flags. It has real customers (the Air Force, 40+ other agencies) and a $28 million contract, which is hard to copy because federal buyers trust established vendors and switching costs are high. But Sayari, a direct competitor backed by major investors with $228 million raised versus Craft's roughly $42 to 47 million, is winning the same federal contracts, and Craft has not closed new funding since early 2023 while its team has stayed flat or shrunk. The one thing that could change this: if Craft lands a major Series C funding round and keeps winning federal contract bids against Sayari over the next year or two, it could stay competitive; if not, the funding gap will likely let Sayari pull further ahead.
Why
01
AI pressure: Generic AI research agents (ChatGPT, Google Gemini deep research tools). AI agents can now pull public supplier data cheaply, squeezing Craft's commercial vetting business even as Craft builds its own agent. Could AI do the core job? Only partly.
02
Bigger players: Sayari. Sayari has raised $228M against Craft's roughly $42-47M and is winning federal supplier-risk contracts in Craft's core niche. Could a giant copy it? Probably.
03
What protects it. Deep entrenchment inside DoD and 40+ federal agencies, including a five-year $28M Air Force contract, hard to rip out mid-compliance-cycle.
What would change this call
Craft closes a Series C round by mid-2027. Shows investors still back Craft against better-funded Sayari.
Air Force renews or expands its $28M five-year contract with Craft. Confirms Craft's federal foothold is durable, not at risk.
Sayari announces a marquee federal contract win (e.g. Treasury, CBP) over the next year. Would show Sayari displacing Craft in its strongest market.
Air Force renews or expands its $28M five-year contract with Craft. Confirms Craft's federal foothold is durable, not at risk.
Sayari announces a marquee federal contract win (e.g. Treasury, CBP) over the next year. Would show Sayari displacing Craft in its strongest market.
Key numbers
- Sayari has raised $228M vs Craft's $42-47M total
- $28M five-year Air Force contract signed
- No Series C since $32M Series B in Feb 2023
Named risks
- No Series C funding since February 2023, over three years without new capital as of 2026.
- Better-funded direct rival Sayari ($228M raised) actively competing for the same federal contracts.
- Conflicting headcount signals suggest possible stalled or declining growth.
- Heavy reliance on U.S. federal/defense procurement policy and contract renewals for revenue.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| Sayari | gaining on | Raised $228M from TPG, backed by In-Q-Tel, contesting same federal screening niche as Craft |
| Interos | contesting | Runs ~350M entity supply chain risk database as of 2026-03-16, competing in AI-driven risk scoring |
| Dun & Bradstreet / Moody's / ZoomInfo | contesting | Larger horizontal data incumbents structurally slower to enter FOCI/defense screening niche Craft occupies |
Questions people ask
- Is Craft.co profitable in 2026?
- Craft.co has not disclosed profitability or current revenue figures. Its last disclosed funding was a $32M Series B in February 2023, and as of 2026 no Series C has been announced, suggesting the company is running on that raise rather than fresh growth capital.
- Could AI replace Craft.co's supplier-vetting service?
- Craft's own CEO says basic supplier vetting that took eight person-hours now takes AI about 45 seconds (2026-01-25), showing commodity lookup tasks are already automatable. Craft argues its proprietary 250,000+ attribute data fabric and federal compliance integrations resist full replacement.
- Who is Craft.co's biggest competitor?
- Sayari is Craft.co's closest direct rival in supplier-risk and national-security screening, having raised $228M from TPG and backed by In-Q-Tel, versus Craft's much smaller cumulative funding, and is actively pursuing the same federal government screening contracts.
- What does Craft.co actually do?
- Craft.co, founded in 2015 and based in San Francisco, is a supplier and company data intelligence platform that provides supply chain risk screening, including foreign-influence and FOCI compliance checks used by the U.S. Department of Defense and 40+ federal agencies as of April 2026.
- Who owns Craft.co?
- Craft.co is privately held and venture-backed, not publicly traded. Investors from its funding rounds include High Alpha Capital, Greycroft, Uncork Capital, ServiceNow Ventures, Point Field Partners, and BAM Elevate, which led its $32M Series B in February 2023.
Timeline
- 2026-03U.S. Department of Energy selects Craft to screen federal research-award applicants for foreign influence
- 2024-12Craft says it introduced an AI-first intelligent workspace claimed to speed supplier qualification by 80%
- 2024-05Craft announces five-year, $28 million supplier-risk contract with the Secretary of the Air Force
- 2023-02Craft closes $32M Series B led by BAM Elevate with Uncork Capital and ServiceNow Ventures
- 2020-08-21Craft raises $10M Series A led by High Alpha Capital, total funding reaches $15M
- 2017-12Craft closes a seed funding round
- 2015-01Craft.co founded in San Francisco as a supplier and company data intelligence platform
Revision history
21 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Craft Company Profile - Office Locations, Competitors, Revenue, Financials, Employees, Key People, Subsidiarie
- The Pentagon's source of truth for supplier risk (2026-07-13)
- As the pandemic creates supply chain chaos, Craft raises $10M (2020-08-21)
- Craft Raises $32M Series B (2023-12-06)
- Craft.co - Headcount, Funding & Open Jobs (2026-06-20)
- Valuation, Funding Rounds & Stock Price (2025-12-31)
- Revenue, Competitors, Alternatives (2022-04-19)
- Supplier Intelligence for Government Due Diligence (2026-04-29)
- Craft.co Announces Five Year, $28 Million Contract (2024-08-08)
- Your Procurement Team Is the Last Line of Defense (2026-03-16)
- Craft.co (2026-06-25)
- About Us (2026-03-05)