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News & Announcements

05/14/2013 – Chevy Chase-Based NEA Co-Leads $6.75 Million Round for GraphLab

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said on Tuesday it has co-led a new $6.75 million round of funding for Seattle-based GraphLab, which is developing a commercial product to apply advanced machine learning to massive graph datasets.

05/14/2013 – Eighteen Area Start-Ups Tapped to Take TechBUZZ Stage at Capital Connection 2013

MAVA will showcase 18 innovative start-up companies at its Capital Connection 2013 conference, celebrating some of the hottest ideas and emerging technologies the East Coast has to offer.

05/13/2013 – eFortresses CloudeAssurance Named Gartner Cool Vendor in Risk Management and Compliance in 2013

eFortresses is pleased to announce that due to its cloud security rating platform, CloudeAssurance, it has been recognized by Gartner as one of only four Cool Vendors in risk management and compliance in 2013.

05/13/2013 – Baltimore-Based Foodem Raises $600,000 in Angel Funding

Foodem, the Baltimore-based developer of a B2B online wholesale food marketplace and business intelligence platform, said on Monday it has landed $600,000 in a round of angel funding, which included a new investment from Bethesda-based Panacea Capital Advisors.

05/09/2013 – PerspecSys, Inc. Raises $12M Round of Series B Equity Financing

PerspecSys Inc., the leader in cloud data protection solutions for the enterprise, today announced it has raised $12 million in funding co-led by new investors Paladin Capital Group and Ascent Venture Partners, and joined by return backer Intel Capital and other existing institutional investors.

05/08/2013 – Lessons on landing capital; LLR Featured

Zack Mansfield, who advises startups and small businesses, said new companies face a conundrum as they look for financing.

05/08/2013 – Who’s inside your company?

When a company reaches a certain size, compromise of some form is inevitable, says Mandiant.

05/08/2013 – UK VCs' lack of knowledge drives tech businesses to the US

Innovative UK start-ups will migrate to the US unless venture capitalists radically change their approach to investing. UK venture capitalists are less technologically savvy than their US competitors and this makes them too risk averse, making it much harder for tech start-ups to access finance.

05/07/2013 – Homesnap Releases Android Version of Popular Real Estate Mobile App

Homesnap today announced that its popular Homesnap app is now available for Android. This announcement comes on the heels of the release of Homesnap's first-ever mobile real estate platform.

05/07/2013 – Maryland TEDCO Names Finalists for ICE Awards

The Maryland Technology Development Corporation (TEDCO) on Tuesday named the nine finalists for its third annual ICE (Innovation, Corporate excellence and Entrepreneurship) Awards.

05/07/2013 – Entrepreneur of the Week: Danny Boice, @DannyBoice

Danny is currently the Co-Founder & CTO of running all things product, user experience and tech. Danny previously served as an Executive for The College Board running web, mobile and social product development.

05/02/2013 – Sonatype Selected as Finalist for MIT Sloan CIO Symposium's Innovation Showcase

The 10(th) Annual MIT Sloan CIO Symposium has announced Sonatype as one of ten finalists for the 2013 Innovation Showcase as its Sonatype Component Lifecycle Management (CLM) platform represents a cutting-edge B2B solution that combines strong value and innovation to enterprise IT.

05/02/2013 – How the "venture finance hairball" is redefining the Series A according to New Atlantic Ventures

The rise of angels and micro-VCs, secondary-market liquidity, crowd funding, and other market forces have created a "venture finance hairball" that calls for new definitions in the world of VC, argues Scott Johnson of Reston- and Cambridge, Mass.-based New Atlantic Ventures.

05/02/2013 – Marlborough-based CardioFocus Raises $11 Million in Debt Financing led by Oxford Finance and Silicon Valley Bank

CardioFocus, a Marlborough-based medical device manufacturer, announced on Thursday it has raised $11 million of debt financing in a deal that was led by Oxford Finance and Silicon Valley Bank.

05/02/2013 – Deloitte Seeking Nominations for 2013 Technology Fast 500

Accounting and advisory firm Deloitte said it is seeking nominations for its 2013 Technology Fast 500, a ranking of the fastest growing technology, media, telecom, life sciences and clean tech companies in North America.

05/02/2013 – Mandiant Announces General Availability of Mandiant for Security Operations™

Mandiant®, the leader in security incident response management, today announced the general availability of Mandiant for Security Operations, enabling security teams to detect, analyze and resolve security incidents in a fraction of the time traditionally required using conventional approaches.

05/02/2013 – IS THERE MONEY IN OPEN-SOURCE CLOUD STORAGE? Cambridge start-up Basho's give-some-gain-some strategy

Amazon has become a big competitor to providers outsourced data center services, and they know it. Their colocation, dedicated servers, managed services offerings and existing customer base, however, can be advantages in going after the demand for hybrid deployments many enterprise customers are looking at.

05/02/2013 – WeddingWire Gets New, Larger Space in Chevy Chase

WeddingWire, the business behind a go-to website for planning a wedding and advertising to engaged couples, recently moved to 2 Wisconsin Circle in Chevy Chase—a space two and a half times the size of its old location in Bethesda.

05/01/2013 – Software Component Vulnerability Cited as Latest Application Security Threat in OWASP Top Ten List; Sonatype First to Provide Comprehensive Solution

Sonatype, the leader in Component Lifecycle Management (CLM), today announced immediate ability to address risks related to "Using Components with Known Vulnerabilities," as newly listed on the just released 2013 Open Web Application Security Project (OWASP) Top Ten, the industry's definitive listing of the most important risk factors in application security.

05/01/2013 – Bethesda-Based Virtustream Lands Term Loan from Orix Ventures

Virtustream, a Bethesda-based developer of software designed to move complex IT environments to the cloud, said on Wednesday it has landed a new term loan from Orix Ventures, which has local offices in Chevy Chase.

05/01/2013 – Squarespace Announces Plans to Establish EMEA Headquarters in Dublin with the Creation of 100 New Jobs

Squarespace, the leading all-in-one website publishing platform, plans to establish its EMEA Headquarters in Dublin along with the creation of 100 new jobs.

04/30/2013 – Obama to nominate venture capitalist to head FCC

President Obama plans to nominate venture capitalist Thomas Wheeler to head the Federal Communications Commission, White House officials said.

04/30/2013 – SoftLayer & Basho Partner for High-Performance, Scalable Riak in the Cloud

Basho and SoftLayer Technologies today announced the availability of Riak and Riak Enterprise on SoftLayer's global cloud platform.

04/30/2013 – Speek No Evil: Meet Speek Co-Founders at TechCrunch Disrupt NY Today

This is part two in a series of blog posts and interviews about Microsoft BizSpark companies that will be presenting at TechCrunch Disrupt NY. Here is an interview with John Bracken, CEO and Co-Founder of Speek, one of the easiest teleconferencing apps you will ever use.

04/30/2013 – Industry Veteran C.E. Andrews Appointed New CEO of MorganFranklin Consulting to Lead Firm’s Expansion Strategy

MorganFranklin Consulting, a leading business consulting and technology solutions company based in McLean, Va., and London, announced today that C.E. Andrews has been appointed the firm’s new Chief Executive Officer, effective May 13, 2013.

04/29/2013 – DLA Piper becomes nation's top revenue-generating law firm

DLA Piper is the nation’s top revenue-generating law firm, according to American Lawyer magazine’s annual survey of the top 100 firms, the Baltimore Business Journal reported.

04/29/2013 – CIA’s venture capital group invests in cloud platform Apigee

Apigee Corp. has won the backing of In-Q-Tel, the CIA's Arlington-based venture capital arm, in a move that is likely to mean the company's software will be used by national security and law enforcement agencies, the Silicon Valley Business Journal reports.

04/29/2013 – Chevy Chase-Based NEA Leads $25 Million Round for Topera

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, has led a new $25 million round of funding for Topera, a San Diego-based developer of medical technology designed to provide physicians with information about heart arrhythmias.

04/26/2013 – E&Y Names Finalists for Greater Washington Entrepreneur of the Year

Accounting and advisory firm Ernst & Young on Friday announced the 23 finalists for its 2013 Entrepreneur of the Year Award in Greater Washington.

04/25/2013 – Ex-Practice Fusion CMO Robert Rowley named to same role at GroupMD

GroupMD, a San Francisco start-up that aims to give doctors a secure place to share clinical data, has named Robert Rowley, M.D., as its chief medical officer.

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