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News & Announcements

04/21/2014 – Maryland invests $600K in cybersecurity startup Luminal

Cybersecurity startup Luminal has moved its headquarters to Maryland and plans to expand, thanks in part to a State investment, Governor Martin O’Malley announced Monday.

04/21/2014 – Major Update to NationalField Product: Mobile-first

Today we are rolling out the largest update to NationalField in nearly two years! Here's a quick overview of what our users can expect.

04/21/2014 – Total Defense's Consumer Business Line Has Merged With Untangle

Signal Hill is pleased to announce that its client, Total Defense, a leading Internet security company, has merged its consumer business line with Untangle, Inc.

04/18/2014 – Oxford Finance, MidCap Close $20MM Senior Credit Facility With Zafgen

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $20 million term loan with with Zafgen, Inc.

04/17/2014 – Vienna-Based AddThis Hires 3, Forms Content Media Services Group

AddThis, the Vienna-based developer of a popular social sharing and analytics platform, said on Thursday it has formed a new content media services group, and has also hired three new executives.

04/17/2014 – CIT GAP Funds Invests in Urgent.ly

The Center for Innovative Technology announced today that its CIT GAP Funds closed an investment in Urgent.ly, a Northern Virginia-based startup offering a mobile on-demand platform that quickly and easily connects users with nearby and available roadside assistance.

04/16/2014 – CIT GAP Funds Invests in Riogin

The Center for Innovative Technology announced today that its CIT GAP Funds closed an investment in Riogin, a Charlottesville-based company that has solved many issues related to peptide therapeutics.

04/14/2014 – Finalists Selected for TEDCO’s Fourth Annual ICE Awards

The Maryland Technology Development Corporation (TEDCO) announced today that nine finalists have been selected in the organization’s fourth annual ICE Awards.

04/14/2014 – Venture firms raise $8.9B in first quarter as exit picture brightens

Venture firms across the U.S. raised a collective $8.9 billion in the first three months of 2014, marking the industry's healthiest quarter in seven years, according to data released Monday by the National Venture Capital Association and Thomson Reuters.

04/14/2014 – Herndon-Based CIT Backs Neoantigenics; 100th Investment for GAP Funds

The Herndon-based Center for Innovative Technology (CIT) said it has invested an unspecified amount in Neoantigenics, a Charlottesville-based biotech company developing a targeted treatment for cancer.

04/14/2014 – Chevy Chase-Based NEA Unveils Plans for Second "In The Studio" Program

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, has announced plans for the second installment of its design mentorship program, known as "In the Studio."

04/14/2014 – SocialLadder honored at Phorum tech conference

About 100 days ago, Alana Bly and Raavi Iqbal took a big risk. They quit their jobs to pursue a startup full-time. Luckily, it paid off.

04/11/2014 – CIT GAP Funds Portfolio Reaches New 100 Milestone with Investment in Neoantigenics

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds' portfolio reached 100 companies with an investment in Neoantigenics, a University of Virginia spin-out and Charlottesville-based biotech company that is developing a targeted treatment for cancer.

04/10/2014 – Scoutmob raises $3M as the Atlanta startup pivots to e-commerce

Atlanta-based Scoutmob has raised about $3 million in venture capital, short of the $5 million it had been seeking.

04/10/2014 – ZeroFOX Wins 2014 CRTC Rising Star Award

ZeroFOX, a cyber security firm specializing in Social Risk Management, was named the Chesapeake Regional Tech Council’s Rising Star for 2014.

04/10/2014 – nPulse Technologies Named Finalist for CBIC 2014 Award

nPulse Technologies today announced that Charlottesville Business Innovation Council (CBIC) has named the company's Capture Probe eXtreme (CPX) 4.0 appliance as a finalist for the annual CBIC awards.

04/10/2014 – OpGen Gets $11.6M in In-Q-Tel-Led Debt Funding

OpGen has raised $4 million in debt, warrants and securities funding from a group of investors led by In-Q-Tel, Citybizlist reported Tuesday.

04/10/2014 – DC Tech's Gryphn Acquires Text Message Backup Platform Uppidy, Changes Name to ArmorText

Gryphn, the D.C.-based secure mobile messaging platform, announced Wednesday that it has acquired Uppidy, another District startup providing SMS backup solutions.

04/09/2014 – Tech Company Geostellar Is Crowd-Funding An Online Solar Marketplace

Last year, solar stocks performed dismally, but this year investing in the right solar companies has paid off handsomely, especially for those who opted in early.

04/08/2014 – ID.me Raises Another $10 Million In Funding

According to a press release just out, “ID.me, Inc., a 2013 WSJ “Startup of the Year” finalist and leader in the digital identity space, completed a Series A fundraising round of $10 million led by USAA, Silicon Valley Bank, and notable angel investors including David Tisch’s Box Group, Kelly Perdew, K Street Capital, and Blu Venture Investors.

04/08/2014 – Invincea Receives $8.1 Million in Research Contracts For Labs Division

Fairfax-based Invincea announced Monday several milestones in recent months, including scoring $8.1 million in new contracts for the company's advanced research division.

04/07/2014 – Cloud Tech Firm Opower Goes Public to Raise $116M

Cloud energy management software provider Opower raised $115.9 million in its initial public offering Friday on the New York Stock Exchange, the Washington Post reported Friday.

04/04/2014 – Accelerometers give LSU football a look inside the impact of practice

Since August, a routine has unfolded behind the scenes after every LSU football practice.

04/03/2014 – JumpStart Raises $13 Million in Venture Debt Led by Hercules Technology Growth Capital

Pioneering educational game developer JumpStart raises additional financing led by Hercules Technology Growth Capital, Inc.

04/03/2014 – RedOwl Analytics praises Baltimore’s business friendliness

Thanks in part to the region’s abundant resources and business friendly environment, RedOwl Analytics has rapidly progressed from a modest startup to a Maryland success story, co-founder Renny McPherson recently explained in the Huffington Post.

04/02/2014 – Silicon Valley Bank, Partners for Growth Provide $8MM to Q1Media

Q1Media, Inc., an online advertising technology company, announced that it has secured debt facilities totaling $8 million to expand its operations.

04/02/2014 – Winners Chosen in Annual Destination Innovation Competition

Four Washington area companies were crowned winners at the Northern Virginia Technology Council’s Destination Innovation event Wednesday, bringing an end to a months-long competition that pitted companies against one another in four distinct categories: social, commerce, government and security.

04/01/2014 – Cybersecurity startup ZeroFox opens offices in San Francisco and New York City

"Local presence helps when you're going after enterprise organizations," said CEO and cofounder James Foster. "If we were selling something for $19.99, we could do that over the phone."

04/01/2014 – WeddingWire, Speek and SocialRadar Partner to Host Virtual Weddings

Three of Washington, D.C.’s leading technology companies, WeddingWire , Speek and SocialRadar , have joined forces today to develop SocialWeddingSpeek, a virtual weddings platform.

03/28/2014 – Wellington Financial Provides $10MM Growth Capital to SOA Software

Wellington Financial LP, a privately-held specialty finance firm, announced a $10 million venture debt financing for SOA Software of Los Angeles, CA.

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