Software and analytics firm Govini has joined the ranks of defense unicorns with a new investment that pushes the company’s valuation past $1 billion, the company announced Friday.

The $150 million investment by Bain Capital “is really, really exciting validation of the traction that we have in the market” of defense acquisition software, Tara Murphy Dougherty, Govini’s CEO, told reporters Friday.

Govini, which boasts a 300-person workforce and reported $100 million in revenue for fiscal 2025, joins other billion-dollar defense startups such as robot-boatmaker Saronic , Anduril , and Germany’s Helsing .

Murphy Dougherty said she plans to use the $150 million to hire technical experts in AI, data, and engineering.

“We basically went out to raise capital as a way to really step o

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