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News & Announcements

11/27/2013 – Square 1 Bank Provides $7.5M Loan to Talari Network

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced it has provided a $7.5 million growth capital facility to San Jose-based Talari Networks.

11/27/2013 – JMI Equity Joins Hellman & Friedman Buyout of Applied Systems

Hellman & Friedman has inked an agreement to buy Applied Systems from Bain Capital for approximately $1.8 billion. JMI Equity will also be investing alongside H&F. Ropes & Gray advised Bain Capital in the sale.

11/26/2013 – Introhive Among Dreamforce 2013: "Three Startups to Watch"

Salesforce.com's annual conference brought together many great startups among the 135,000 registrants. Invoca, Introhive, and Addvocate are among the best of these startups.

11/25/2013 – Fairfax County EDA Works With 29 Businesses Adding More Than 600 Jobs

During the third quarter of 2013, the Fairfax County Economic Development Authority (FCEDA) provided services and resources to 29 businesses that are adding more than 600 jobs in Fairfax County.

11/25/2013 – Lanham-Based Optoro Lands New Investment from SWaN & Legend

Optoro, the Lanham-based developer of an e-commerce platform designed to help big-box retailers increase revenue from returned and excess inventory, said on Monday it has landed a new investment from Leesburg-based SWaN & Legend Venture Partners.

11/25/2013 – Center for Innovative Technology Invests in Arlington-Based LiveSafe

The Herndon-based Center for Innovative Technology (CIT) said on Monday it has invested an unspecified amount in Arlington-based LiveSafe, the developer of a mobile safety app designed to establish two-way communication between users and authorities.

11/24/2013 – Baltimore Ranked No. 10 for Tech Jobs

Austin-Round Rock-San Marcos, TX, not the Bay Area, is the No. 1 metropolitan area when it comes to creating tech jobs, Forbes reported citing research from Praxis Strategy Group.

11/24/2013 – Geostellar Partners with Conergy of Denver to Drive Down Solar Costs

Martinsburg-based Geostellar has formed a partnership with Conergy of Denver to create "the first national program for qualified local solar installers," according to a news release.

11/21/2013 – NEA-backed Boku Acquires Qubecell

Boku, Inc., the global leader in carrier billing and cross-platform mobile payments, announced the acquisition of India’s leader in direct carrier billing, Qubecell.

11/20/2013 – Veenome Raises $1 Million

Veenome Inc. has raised $1 million from new and existing investors, besides releasing a new product to help monitor effectiveness of online video ads, a report said.

11/20/2013 – NEA Joins $16M Series C For Apprenda

Apprenda, the leader in enterprise Platform as-a-Service (PaaS), announced a $16 million Series C financing round led by Safeguard Scientifics, Inc. (NYSE:SFE) with participation from existing investors Ignition Partners and New Enterprise Associates.

11/20/2013 – New Enterprise Associates Joins $40M Round For Lytro

Lytro, Inc., creator of the world’s first consumer light field camera, announced that it has raised a $40 million round of financing from new investor North Bridge Venture Partners along with existing investors.

11/20/2013 – Riskive Rebrands Itself as ZeroFOX

Riskive, the Baltimore-based advanced computer security firm, has renamed itself as ZeroFOX in a rebranding exercise.

11/15/2013 – LLR Partners Adds Former CIA Chief Technology Officer Ira A. Hunt as Operating Partner

Private equity firm LLR Partners has brought on Ira A. (Gus) Hunt, former Chief Technology Officer of the Central Intelligence Agency (CIA), as an operating partner.

11/14/2013 – Fairfax-Based DataRPM Lands $800,000 in Funding, CIT Among Investors

DataRPM, the Fairfax-based developer of a business intelligence platform for big data analysis, said on Thursday it has raised $800,000 from 20K Industries, CIT GAP Funds and other angel investors.

11/14/2013 – Windsor Circle scores $950K as add-on to its Series A round

Windsor Circle has raised approximately $950,000 as an add-on to its Series A funding, which now totals over $2.4 million.

11/14/2013 – Political Tech Provider NGP VAN Acquires NationalField To Help Mobilize Campaigns

While NGP VAN provides analytics to give campaigns a view into how they’re doing from a high level, NationalField was founded to help campaigns manage and mobilize people on the ground.

11/13/2013 – Light Point Security Named One of Top Five in Wall Street Journal’s Startup of the Year Competition

Named in Top Five Out of 24 Participants and 500 Applicants

11/13/2013 – Clearleap Secures $20 Million Led by Investor Susquehanna Growth Equity

Clearleap, the leading provider of multiscreen video logistics for the television industry, announced that it has closed a $20 million round of funding, bringing its total financing to $36 million.

11/13/2013 – Edison Ventures Completes Follow-on Investment in RedVision

Edison Ventures is pleased to announce a $5 million follow-on investment in NJ-based RedVision.

11/13/2013 – SocialToaster moving to ETC at Johns Hopkins Eastern

SocialToaster plans to soon move into a new office at the Emerging Technology Center at Johns Hopkins Eastern.

11/13/2013 – Opower Leads DC-Area Companies in Deloitte Technology Fast 500

Opower, the Arlington-based developer of energy management software, is the highest-ranked local company in the newly released Deloitte Technology Fast 500, an annual ranking of the fastest growing technology, media, telecom, life sciences and clean technology companies in North America.

11/13/2013 – MAVA Corporate Tech Member Acentia Acquires Fredericksburg-based InSysCo

Acentia, a Falls Church-based provider of technology and management consulting services to the federal government, said it has acquired Fredericksburg-based InSysCo, a provider of IT services focused on finance to federal clients.

11/13/2013 – SocialToaster Relocating to ETC at Johns Hopkins Eastern

SocialToaster could move into a new 3,000 SF office at the Emerging Technology Center at Johns Hopkins Eastern as early as next month, the Business Journal reported.

11/11/2013 – Mobile System 7 Wins NVTC Innovator Award

Mobile System 7, a leader in enterprise mobile security, announced today that they’ve been chosen as the winner of the 2013 NVTC Innovator Award for Mobility.

11/06/2013 – Millennial Media Completes Acquisition of Jumptap

Millennial Media (NYSE:MM), the independent leader in mobile advertising, announced it has completed its acquisition of Jumptap.

11/05/2013 – Columbia Capital leads $23 million round in Seattle's 2nd Watch

Alexandria-based Columbia Capital has led a $23 million growth round in 2nd Watch Inc., a Seattle startup that helps its customers shift their IT operations to Amazon Web Services.

11/05/2013 – Encore Scores CEA as New Customer in the Midst of Funding

D.C.'s Encore is blazing trails in the social media analytics world. About a quarter of the way into their angel round of funding, Encore has already attracted great investors from the local area.

11/04/2013 – ITSolutions, an Acentia Company, Wins $27 Million Contract from Military Health System Enterprise Infrastructure Directorate

ITSolutions, an Acentia company ("Acentia"), today announced that it has been awarded a $27 million, 2.5 year contract from the Military Health System (MHS) Enterprise Infrastructure (EI) Directorate to provide innovative program management and technical support.

11/04/2013 – Bambeco Raises $4.5 Million in First Round Led by New Atlantic Ventures, Maryland Venture Fund

Bambeco, a Baltimore-based online retailer focused on eco-conscious home furnishings and décor, said on Monday it has raised $4.5 million in its first institutional round of funding, led by New Atlantic Ventures.

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