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News & Announcements

08/20/2013 – New Enterprise Associates Leads $55M Series D For Cleversafe

Cleversafe Inc., the solution for limitless data storage, today announced that the company has secured $55 million in funding to support its growth momentum, achieved by its breakthrough technology’s cost-saving solution for massive-scale, high-growth storage needs.

08/19/2013 – Square 1 Bank Announces Credit Facility to NanoLumens

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced today it has provided a credit facility to NanoLumens®, the rapidly growing Atlanta-based manufacturer and marketer of award-winning flexible and fixed LED displays.

08/16/2013 – Agilis partnership with Trane gets energy analytics into more buildings

Whether people realize it or not, how they use energy creates patterns. Measuring those patterns in buildings opens the door to finding efficiencies and savings.

08/15/2013 – NEA Joins $1.7M Seed Round For Swiftype

Swiftype, the Y Combinator startup that is evolving site search into a powerful marketing and conversion tool for web businesses, announced today it has raised a seed round of $1.7 million in funding that includes some of the most successful Silicon Valley investors and venture capital firms.

08/14/2013 – Survey: Overseas Expansion Becoming a Top Priority for U.S. Businesses

With growth in the U.S. still sluggish, American businesses are more frequently pursuing international expansion to drive sales and win new customers, according to a new survey of senior executives by CFO Research and High Street Partners.

08/14/2013 – Ashburn-Based Speek Raises $1.1 Million in Bridge Funding

Speek, the Ashburn-based developer of a visual conference platform, on Wednesday announced a $1.1 million round of bridge funding.

08/14/2013 – NEA Leads $5.6M Funding for MeCommerce Inc

On Wednesday it announced raising $5.6 million in venture funding led by New Enterprise Associates and Andreessen Horowitz and said its service will be ready for the masses next month.

08/13/2013 – Millennial Media to Acquire Jumptap

Acquisition will strengthen Millennial Media’s position as the largest global Independent Mobile Advertising Platform

08/12/2013 – The Propel Baltimore Fund, Co-Managed by TEDCO, Invests in Social Toaster

The Propel Baltimore Fund is banking on tech-driven businesses with its latest investments in two of the most talked about start-ups in Baltimore, Social Toaster and Woofound.

08/08/2013 – CIT GAP Funds Invests in WealthForge Holdings

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has closed an investment in WealthForge Holdings, Inc., a Richmond-based company that runs a complete, cost-effective and scalable transactional system connecting to crowdfunding portals, investment banks and investment advisors.

08/08/2013 – VividCortex Raises $2 Million from CIT and Others

VividCortex Inc. has closed a $2 million round of financing, most of it from investors in Charlottesville, termed by its co-founder as “the East Coast’s best-kept sleeper tech hub secret.”

08/07/2013 – Updata Partners Leads $12.5M Series B For LendKey

LendKey (formerly Fynanz), the cloud-based lending technology company located in New York City and Cincinnati, announced the closing of an additional $12.5 million in Series B venture funding led by new investors Updata Partners and TTV Capital, as well as existing investors Draper Fisher Jurvetson and Gotham Ventures.

08/07/2013 – Betterific adds USA Today as a client

Betterific, the digital suggestion box that gives users a place to sound off on everything from fast food to mobile phones and beyond, recently partnered with USA Today to bring crowdsourced suggestions for improvement to the attention of the news media's marketing team.

08/07/2013 – AOL Buys Adap.Tv For $405 Million

In addition to solid earnings, AOL is reporting this morning that it has acquired Adap.tv for $405 million.

08/05/2013 – WealthEngine Partners with Avectra

Avectra, a leading web-based Social CRM developer of member and donor-based software for associations and not-for-profits, today announced that WealthEngine, Inc., the leading provider of sophisticated wealth identification and prospect research solutions, has joined the Avectra Business Partner Program.

08/02/2013 – Horizon Tech Leads $6M Loan for Ekahau

Horizon Technology Finance Corporation (NASDAQ: HRZN), a specialty finance company today announced it led a $6 million venture loan facility for Ekahau, Inc.

08/02/2013 – Building a Cybersecurity Startup in Maryland

Zuly Gonzalez, Co-founder and COO of Light Point Security, shares the story behind Light Point Security and talks about what makes Maryland a hub for cybersecurity startups.

08/01/2013 – Pritok Capital Closes $7.2M from Oxford Finance

Oxford Finance LLC , a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it closed a $7.2 million senior secured term loan with Pritok Capital .

08/01/2013 – NEA-backed Rhythm Holding Raises $11 Million

Rhythm Holding Company LLC has secured $11 million from sale of shares to three investors, according to an SEC filing.

08/01/2013 – Fixmo and BlackBerry Partner to Bring Sentinel Device Integrity and Tamper Detection Solution to BlackBerry 10

Fixmo, a leading provider of mobile security and risk management solutions, and BlackBerry (BBRY; TSX: BB) today announced plans to bring the Fixmo Sentinel device integrity verification and tamper detection solution to the BlackBerry 10 platform.

07/31/2013 – Columbia Capital Invests in Mandalay Sports Media

Mandalay Sports Media (MSM), the sports content and media company founded in 2012 by Peter Guber and Mike Tollin, announced today that it has received a strategic investment from Columbia Capital and Rho Ventures, two leading private-equity firms with significant investments and experience in media and entertainment.

07/31/2013 – Former White House Cybersecurity Executive Dr. Sameer Bhalotra Joins Invincea Board

Invincea, the market leader in the development of secure virtual containers for advanced malware threat detection, zero-day exploit prevention, and cyber threat forensic intelligence, announced that Dr. Sameer Bhalotra will join the company’s board of advisors.

07/31/2013 – Lotame Joins IBM Digital Data Exchange (DDX)

Integration allows publishers and marketers to deploy and maintain website tags with minimal IT support

07/30/2013 – In-Q-Tel boosts data-analysis prowess with RedOwl funding

Intelligence agencies are about to get a boost in their data analytics savvy now that In-Q-Tel has formed a partnership with RedOwl Analytics, which finds anomalies in large piles of data.

07/30/2013 – Edimer Raises $18M Series B Financing Led by NEA

Edimer Pharmaceuticals, a biotechnology company focused on developing an innovative therapy for the rare genetic disorder X-linked Hypohidrotic Ectodermal Dysplasia (XLHED), announced it has secured $18 million in Series B financing.

07/30/2013 – WealthEngine Partners With Aristotle International: Two Tech Leaders take Political Donor Targeting to the Next Level

Aristotle International, the leading political intelligence provider in the U.S., and WealthEngine™, Inc., provider of sophisticated wealth identification and prospect research solutions, announced today a partnership to provide what is anticipated to be the most effective political donor prospecting platform in the industry.

07/30/2013 – A superhero for the web: Distil blocks 1 billion bad bots

Arlington, Virginia-based Distil believes it has the answer to bad bots: It has developed a Content Protection Network that detects bots and prevents web scraping. The company has been so successful that it recently surpassed 1 billion blocked bots since it started counting around seven months ago.

07/29/2013 – Fixmo and Mach 1 Partner to Prevent Sensitive Corporate Documents from Leaking via Mobile Devices

Joint solution offering combines defense-grade mobile security for Microsoft SharePoint with industry-leading document tracking and policy enforcement to mitigate external and insider threats.

07/29/2013 – InvestMaryland provides $350,000 in Funding to SocialToaster and ReelGenie

Governor Martin O’Malley today announced that two Maryland tech companies received investments totaling $350,000 through the State’s InvestMaryland program, which was created by Governor O’Malley and the General Assembly to make venture capital investments in promising Maryland startups in high-tech, high-growth fields.

07/28/2013 – Silver Spring-based ReelGenie Closes 850k Funding Round

David Adelman, a Harvard grad with an MBA from the Wharton School, recently closed an $850,000 funding round for his start-up, Silver Spring-based ReelGenie.

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