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News & Announcements

09/25/2012 – CIT GAP Funds Invests in BrightContext Corporation

The Center for Innovative Technology (CIT) announced today an investment in Arlington, Va.-based BrightContext Corporation, a technology company that offers a platform to assist software developers in building applications that process large streams of real-time data.

09/24/2012 – Apnex Medical, Inc. Closes $10 Million Financing from New Enterprise Associates

Apnex Medical, Inc, a private medical device company, has received private financing totaling $10 million from New Enterprise Associates (NEA).

09/24/2012 – Maryland biotech executives home in on capital

Maryland’s young biotechs hoping to spark interest in investment and partnerships will be among the 750-plus industry, state and venture capital executives expected to attend the annual Mid-Atlantic Biotech Conference in North Bethesda on Thursday and Friday.

09/21/2012 – Enrique Brito joins Tatum Mid-Atlantic as Practice Leader of Corporate Advisory Services

Tatum, a premier professional services firm, is pleased to announce that Enrique Brito has joined as a Partner and Practice Leader of Corporate Advisory Services in its Mid-Atlantic office.

09/19/2012 – Why Conference Calls Are So Miserable: Speek Profiled on Tech Bisnow

Ridiculously long PINs, not knowing who’s on the call, and not knowing who's talking are just a few of our annoyances. (Our entire list wouldn’t fit here.) Sterling, Va.-based Speek is trying to make conference calls a tad more tolerable, maybe even fun.

09/19/2012 – SocialToaster founder Brian Razzaque says he’s ‘committed to Baltimore’ at Startup Grind

Brian Razzaque “loves Baltimore” and is “committed” to the city, he told the audience at the inaugural Baltimore Startup Grind at Loyola University Maryland on Tuesday night.

09/19/2012 – SocialToaster founder Brian Razzaque says he’s ‘committed to Baltimore’ at Startup Grind

Brian Razzaque “loves Baltimore” and is “committed” to the city, he told the audience at the inaugural Baltimore Startup Grind at Loyola University Maryland on Tuesday night.

09/18/2012 – Windsor Circle raises additional funding

Durham-based start-up Windsor Circle has raised almost $900,000 to help the company launch the next version of software that’s designed to help online retailers build their sales.

09/17/2012 – New Enterprise Associates Leads $15 million investment in Duolingo

Today we are very happy to announce a US$15 million investment in Duolingo led by New Enterprise Associates (NEA), with participation from our previous investor Union Square Ventures.

09/17/2012 – Public safety network - featuring Reality Mobile - passes first real-world test at GOP convention

Police in Tampa and St. Petersburg, Florida, used a first-of-its-kind LTE cellular network dedicated to law enforcement as part of security operations for the Republican National Convention in August.

09/14/2012 – Apps4VA Launches High School Competition

The Herndon-based Center for Innovative Technology (CIT) on Friday launched the next phase of its Apps4VA Competition, in which Virginia public high school students can compete to develop apps aimed at improving education.

09/13/2012 – CIT GAP Funds Invests in Speek Inc.

The Center for Innovative Technology (CIT) today announces a $100,000 investment in Sterling, Va.-based Speek Inc., a simple and groundbreaking alternative to conference calls for both web and mobile users.

09/12/2012 – New Enterprise Associates Portfolio Co. Aerohive Networks Announces 2013 IPO

Enterprise networking startup Aerohive Networks has raised $22.5 million in its fifth round of funding — cash that should help it gear up to go public in 2013, writes VentureBeat.

09/12/2012 – Square 1 Bank and Farmington-based Horizon Technology Make $7M Venture Loan to Mitralign

Horizon Technology Finance Corp., a Farmington-based specialty finance company, announced it and Square 1 Bank together have provided a $7 million venture loan facility to Mitralign, a Tewksbury-based cardiac device company specializing in percutaneous mitral valve repair.

09/11/2012 – New Atlantic Ventures Joins $5 Million Series B For FashionPlaytes

FashionPlaytes (www.fashionplaytes.com), the retail industry’s first engagement-driven e-commerce company to target the tween consumers, announced its $5 million Series B financing.

09/10/2012 – Overhyped Startup Scene? Novak Biddle Targeting Less than $150M for Sixth Fund

Novak Biddle Venture Partners is looking to raise less than $150 million for its sixth fund, an amount less than two thirds the size of its prior fund, according to VentureWire.

09/10/2012 – TEDCO Invests More Than $1.1 Million in 16 Maryland Startups

In its continued effort to spur economic development and bring concepts from the laboratory to the marketplace, The Maryland Technology Development Corporation (TEDCO) announced today that 16 companies have received a total of $1,170,885 in funding from the organization.

09/07/2012 – Urjanet Secures Series B Funding Led by Grotech Ventures to Deliver Intelligent Energy and Environmental Data

Urjanet Inc. today announced that it has received $4M in Series B venture financing led by new investor Grotech Ventures, along with existing investors GRA Venture Fund, LLC and Imlay Investments Inc.

09/07/2012 – Wellington Financial closes $177M fund with Canadian VC fundraising on a roll

Adding to what is shaping up be a banner year for Canadian venture capital fundraising, Toronto-based Wellington Financial LP announced the first closing of a $177-million fund this week.

09/06/2012 – VideoBlocks.com Secures $10.5 Million Series A Funding to Fuel Growing Stock Video and Music Business

VideoBlocks.com, the first subscription-based provider of unlimited royalty-free stock video and audio clips, today announced that it has closed a $10.5 million Series A investment led by Updata Partners with participation from QED Investors.

09/06/2012 – GramercyOne Grabs $6 Million Venture Capital Equity

Software developer GramercyOne has landed $6 million in new venture capital investment, according to an SEC regulatory filing.

09/05/2012 – MedClimate among Finalists Named for AARP Health Innovation@50+ LivePitch

The DC-based AARP and LivePitch Media on Wednesday announced the 10 start-up finalists for their AARP Health Innovation@50+ LivePitch, a competition designed to showcase start-ups in the "50 and over" health technology and innovation sector.

09/05/2012 – New Enterprise Associates Joins $80M Round For Desire2Learn

Desire2Learn Inc., a Canadian technology firm, said on Tuesday it has secured $80 million in venture funding that will be used to help strengthen its infrastructure and boost its growth prospects. The privately held company, a leading developer of online learning systems, is based in Ontario’s Kitchener-Waterloo area, just minutes away from the home of BlackBerry maker Research In Motion.

09/05/2012 – H.I.G. BioVentures Joins $15.5 Million Series A For Intact Vascular

Intact Vascular, Inc., a developer of medical devices for minimally invasive peripheral vascular procedures, announced the completion of a $15.5 MM Series A financing

09/05/2012 – NeuWave Medical, Inc. Announces $14 Million Financing Led by H.I.G. BioVentures to Further Commercial Success of Microwave-Based Ablation Tools

Medical device company, NeuWave Medical, announced today that it has raised a $14 million Series B financing, led by new investor H.I.G. BioVentures, with participation from existing shareholders, including Venture Investors, WARF and the State of Wisconsin Investment Board.

09/05/2012 – Third Set of Grade.DC.gov Pilot Agency Grades powered by newBrandAnalytics Show Progress

Mayor Vincent C. Gray has released the third set of monthly grades – covering the entirety of August – from the pilot Grade.DC.gov program, an advanced customer-service platform designed to provide the best possible feedback on, and analysis of, service delivery and customer care by District government agencies.

09/04/2012 – Kinergy Health Semi-Finalist in Blue Button Challenge

Kinergy Health was selected as a semi-finalist in the Advisory Board Company's Patient Engagement Blue Button® Challenge.

09/04/2012 – CIT GAP Funds Invests in YaSabe, Inc.

The Center for Innovative Technology today announced a $100,000 investment in YaSabe, Inc. of Herndon, VA, as part of a larger round of financing for the company.

08/30/2012 – We Speak With Washington DC 500 Startups, Startup: Speek

While a lot of people are talking about TechCrunch Disrupt NY Battlefield winner UberConference when it comes to conference calling startups, another conference calling startup has been brewing in the Washington DC area. We first got to check out Speek back in May at the Capital Connection and TechBuzz conference in Washington DC.

08/29/2012 – Kinergy Health Eases Challenges of Eldercare

The emotional, psychological, and physical stress associated with caring for an aging, sick parent is draining, frustrating, and leaves one feeling helpless when navigating the seemingly endless bureaucracy within the American healthcare system.

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