Business Model and Market Position - State Affairs builds a real-time policy and regulation knowledge graph covering federal, state, and municipal levels, functioning similarly to financial market data terminals [2][7] - The company serves over 30 thousand enterprise customers across the country, including Fortune 1000 brands like Walmart, Mastercard, and McDonald's, as well as about one-third of state and federal elected officials [3][15][21] - The platform differentiates itself from traditional news media by employing over 70 information gatherers and journalists to capture available but inaccessible data from government hearings to drive corporate proactive strategies [14][18][27][29] Investment and Financing - Coastal Ventures has invested four times in State Affairs, representing one of the few companies where the investor has completed four financing rounds [9][10] - The company has secured a total of 70 million dollars in funding over time across four financing rounds involving Founders Fund and Coastal Ventures [10][11][12] - State Affairs operates as a core investment for Coastal Ventures in the political and policy sector, which is viewed as an industry undergoing AI transformation [9]