PiggyGPT

Private companiesCovered

Air

Arlington, Virginia, United States · Founded 2011

Air, called Govini until June 2026, sells AI software for defense acquisition, supply chains, logistics and sustainment, formerly under the Ark name and now as the Air Enterprise Readiness platform. Its customers are U.S. federal agencies and every military service. It has offices in Arlington, Virginia and Pittsburgh.

Profile

What it builds and who buys it

  • ·Ark, the flagship product under the Govini name, is a suite of AI-enabled applications for defense acquisition, covering supply chain, science and technology, production, logistics, sustainment and modernization.Govini (company release), Oct 13, 2025
  • ·Ark runs on the company’s proprietary National Security Knowledge Graph of integrated government and commercial data.Govini (company release), Oct 13, 2025
  • ·In June 2026 the company launched Enterprise Readiness, a platform built on Execution, Orchestration and Activation layers, and announced its change of name from Govini to Air.Govini (company release), Jun 16, 2026
  • ·The company says the platform is deployed on programs including Patriot, F-35, Minuteman, B-52, F-16, SM-3, MK-48, the Coast Guard surface fleet and the 8th Theater Sustainment Command, and that more than $140 billion in defense programs are managed within it.Govini (company release), Jun 16, 2026
  • ·It won a 10-year, $919 million blanket purchase agreement from the General Services Administration and the Office of the Under Secretary of Defense for Acquisition and Sustainment. The figure is a ceiling, not revenue.Tectonic, Oct 14, 2025
  • ·In December 2019 it was awarded a potential five-year, $400 million contract giving Defense Department offices access to its dataset.Washington Technology, Jan 22, 2020
  • ·In 2025 it announced a five-year DoW-wide contract from the Army, a $50 million award from the Office of the Under Secretary of War for Acquisition and Sustainment, and Impact Level 5 authority to operate for three military departments.Govini (company release), Oct 13, 2025
  • ·In July 2025 it was selected for the Army’s $99.6 million NGC2 prototype alongside Anduril, Palantir, Microsoft and Striveworks, as its logistics backbone.Tectonic, Oct 14, 2025
  • ·With the 4th Infantry Division, the platform predicts fuel and ammunition demand, automates resupply and tracks combat readiness.Air (company release), Jun 29, 2026
  • ·In October 2026 the Department of War awarded it a $200 million, five-year NGC2 contract, starting with I Corps.Air (company release), Oct 12, 2026
  • ·In July 2026 it won a competitive $31 million contract to support the Air Force’s ICBM enterprise, at Hill Air Force Base, through June 2029. It has supported the Minuteman III since 2022.Air (company release), Jul 15, 2026
  • ·In July 2026 it partnered with Fathom5 on Navy maintenance, repair and overhaul software.Air (company release), Jul 20, 2026
  • ·In August 2026 it partnered with Applied Research Associates to feed ARA’s ArmorPulse-FS fuel sensor data into its platform.Air (company release), Aug 11, 2026
  • ·Its ARR comes entirely from U.S. federal government customers, Virginia Business reported.Virginia Business, Nov 30, 2025
  • ·It had about 300 employees in late 2025, after doubling its workforce in a year.Virginia Business, Nov 30, 2025
  • ·The company states it has achieved 100% year-over-year revenue growth.Air
  • ·In July 2026 it announced a ten-year expansion of its Pittsburgh office, with an initial $10 million capital investment. The $450 million in the headline is its estimate of compensation, taxes and benefits over ten years.Air (company release), Jul 14, 2026
  • ·It was founded on the West Coast in 2011 and moved to Arlington in early 2016.Virginia Business, Nov 30, 2025
  • ·The Silicon Valley Defense Group ranked it 18th on its 2026 NatSec100 list, up 79 places.Govini (company release), May 26, 2026
  • ·Dave DeWalt, chief executive of NightDragon, joined its board in July 2026.Air (company release), Jul 29, 2026
  • ·David Kensick, formerly of ID.me and United Airlines and a retired Air Force F-16 pilot, became chief operating officer in July 2026.Air (company release), Jul 6, 2026

Founders and leadership

  • Eric GillespieFounder (no position since November 2025)

    Founded the company in 2011. He stepped down as chief executive almost a decade before November 2025, the company said, and was its chairman until the board removed him that month, after he was charged with four felony counts in a Pennsylvania attorney general’s sting operation.Washington Technology, Nov 12, 2025

  • Tara Murphy DoughertyChief executive since January 2020

    Led Govini’s national security practice for two years before becoming CEO. Earlier she worked at Palantir Technologies and was chief of staff for global strategic affairs in the Office of the Secretary of Defense.Washington Technology, Jan 22, 2020

Prospects, after the October 2026 NGC2 award

Prepared by PiggyGPT, as of Oct 15, 2026

  • ·Its customers are U.S. federal agencies, and its largest vehicles are ceilings: the $919 million blanket purchase agreement and IDIQ contracts. Ceilings are not revenue.Tectonic, Oct 14, 2025
  • ·The figures on file are the company’s: more than $100 million in ARR when it raised in October 2025, and a stated 100% year-over-year revenue growth. No later ARR figure is on file.Govini (company release), Oct 13, 2025
  • ·Named awards in 2026 are a $31 million ICBM contract in July and a $200 million, five-year NGC2 contract in October. The NGC2 work moves from the 4th Infantry Division prototype to I Corps.Air (company release), Oct 12, 2026
  • ·Its last priced round is Bain Capital’s $150 million growth investment in October 2025, at a valuation Virginia Business reported as $1.25 billion. No 2026 round is on file, and no venue shows a public price.Virginia Business, Nov 30, 2025
  • ·For the acquisition read, the cited ties are to Anduril: Air has been a partner with Anduril on the NGC2 team since its inception, and Anduril’s president joined its board in August 2026. Bain Capital holds a stake from its growth investment. No talks or approach are on file, and the company itself has said it is looking at acquisitions. The posture is watch.Air (company release), Aug 4, 2026

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Funding

Last valuation

$1.25B

Post-money, Growth investment, reportedVirginia Business, Nov 30, 2025

Last round or tender

$150Mraised

Growth investmentGovini (company release), Oct 13, 2025

From Bain Capital (Bain Capital Tech Opportunities). The company’s release states no valuation. Defense One reported the company said the investment took its valuation past $1 billion, and Virginia Business reported $1.25 billion. Virginia Business also reported that the company had raised $30 million before the investment.

Latest revenue figure

$100M

ARRGovini (company release), Oct 13, 2025

Valuation to revenue

12.5x

$1.25B (Nov 30, 2025) over $100M (Oct 13, 2025)

Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Oct 13, 2025Growth investmentFrom Bain Capital (Bain Capital Tech Opportunities). The company’s release states no valuation. Defense One reported the company said the investment took its valuation past $1 billion, and Virginia Business reported $1.25 billion. Virginia Business also reported that the company had raised $30 million before the investment.$150M$1.25Breported
May 7, 2015Series CFrom first-time and existing investors including Accel Partners, Salesforce Ventures and Symphony Technology Group. Govini was then a business intelligence provider to companies selling to the public sector, headquartered in San Francisco.$20M—

Primary capital across the rounds on file: $170M

Revenue

ARR. Each figure as the source stated it.

Fewer than two dated figures on file to plot; the table carries what there is.

As ofFigureMeasure
Oct 13, 2025$100MARRThe company said it had surpassed $100 million in ARR, a floor. Defense One reported it as $100 million in revenue for fiscal 2025.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    Listed under the name Govini. No public MarketPrice: historical pricing is behind a login, the page says no recent secondary market data is available, and it shows only Caplight’s last-round figures. Clarity’s page named Air is a different company (air.inc).

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Acquisition: Watch

A cited tie to a plausible buyer: a strategic partner, an investor stake, a tender offer, a stated appetite. Nothing reported.

Prepared by PiggyGPT, as of Oct 15, 2026

Signals

  • May 7, 2015Govini raised a $20 million Series C from investors including Accel Partners, Salesforce Ventures and Symphony Technology Group.Govini (company release), May 7, 2015
  • Oct 13, 2025Govini secured a $150 million growth investment from Bain Capital and said it had surpassed $100 million in ARR.Govini (company release), Oct 13, 2025
  • Nov 12, 2025The Govini board removed founder Eric Gillespie as chairman and from the board after he was charged with four felony counts, Washington Technology reported. The company said he had stepped down as CEO almost a decade earlier.Washington Technology, Nov 12, 2025
  • Nov 30, 2025Chief executive Tara Murphy Dougherty told Virginia Business the company is looking at potential acquisition targets that bring datasets or talent.Virginia Business, Nov 30, 2025
  • Jun 16, 2026Govini announced it is changing its corporate name to Air.Govini (company release), Jun 16, 2026
  • Jun 29, 2026The Army extended its NGC2 partnership with Air. The company said it has been a partner with Anduril on the NGC2 team since its inception.Air (company release), Jun 29, 2026
  • Aug 4, 2026Matthew Steckman, president and chief business officer of Anduril Industries, joined Air’s board of directors.Air (company release), Aug 4, 2026
  • Oct 12, 2026The Department of War awarded Air a $200 million, five-year contract supporting the Army’s NGC2, starting with I Corps.Air (company release), Oct 12, 2026

Named counterparties

  • Anduril IndustriesAnduril’s president and chief business officer joined Air’s board in August 2026, and Air has been a partner with Anduril on the Army’s NGC2 team since its inception. No interest in a deal has been reported.Air (company release), Aug 4, 2026

Counterparties are named for a cited reason: a partnership, an investment, or a stated appetite. Naming is not a forecast.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Sources

Researched Oct 15, 2026