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News & Announcements

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.

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.

03/26/2014 – Amber Road Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Amber Road, Inc. (NYSE: AMBR), a leading provider of global trade management (GTM) solutions, today announced the closing of its previously announced initial public offering of 8,500,299 shares of its common stock at a price to the public of $13.00 per share, which included 1,108,734 shares issued upon the exercise in full of the underwriters’ option to purchase additional shares.

03/20/2014 – Bethesda-Based Novak Biddle Increases Investment in Parchment

Novak Biddle Venture Partners, the Bethesda-based venture capital firm, said it has increased its investment in Arizona-based Parchment, a provider of electronic transcript exchange services led by Blackboard co-founder Matthew Pittinsky.

03/20/2014 – Arlington-Based In-Q-Tel Increases Investment in Platfora

In-Q-Tel, the Arlington-based venture fund backed by the CIA, has increased its investment in Platfora, a Silicon Valley developer of big data analytics software designed to help companies make critical decisions.

03/20/2014 – McLean-Based ID.me Raises $7.5 Million in New Venture Capital

ID.me, a McLean-based developer of secure digital ID cards designed to let users prove their identity online, has raised $7.5 million in new venture capital and another $2.5 million venture debt, The Wall Street Journal reported.

03/20/2014 – Bethesda-based e-tail platform is hiring after $5m Series A round

Spree Commerce, a Bethesda-based B2B platform for e-tailers that provides both storefront and back-end services, is hiring to fill at least five positions.

03/19/2014 – Cyber startup RedOwl Analytics named most innovative company at major tech conference

Baltimore cyber security firm RedOwl Analytics Inc. took on peers from Silicon Valley, Israel and the East Coast — and won.

03/19/2014 – DC Startup Betterific Teams With the Wizards to Crowdsource Innovative Fan Experience

D.C. startup Betterific has launched a partnership with the Washington Wizards this week to crowdsource innovative ideas from fans to improve their game-watching experience.

03/19/2014 – Parchment Raises $10M to Turn Credentials Into Opportunities

Parchment – a leading education technology company streamlining the verified credential process – announced Wednesday that it has closed a $10 million follow-on investment led by the globally-recognized merchant bank, The Raine Group.

03/19/2014 – Foodem Partners with Velocity Wings to Automate and Streamline Their Food Procurement Process

Foodem, an innovative B2B online food procurement marketplace and business intelligence solution for the $650 billion U.S. wholesale food distribution industry, is pleased to announce that it has recently partnered with Velocity Wings to automate and streamline their wholesale food procurement process.

03/19/2014 – Rosslyn-Based Encore Alert Lands $390,000 in Seed Funding

Encore Alert, the Rosslyn-based developer of a tool designed to help marketing teams by analyzing social media data and suggesting appropriate marketing responses, said it has raised $390,000 in seed funding, led by NextGen Angels.

03/19/2014 – Dulles-Based SummitIG Lands New Funding to Expand Network

SummitIG, a Dulles-based provider of dark fiber infrastructure, said on Tuesday it has landed a new equity investment from Columbia Capital, along with a large term loan from Orix Ventures.

03/19/2014 – Tatum Names Jim McAndrews Managing Partner of Mid-Atlantic Office

Associate Managing Partner Sonya Stone to Assume Business Development Role in East Region

03/18/2014 – ORIX Ventures Announces Growth Capital Commitment to SummitIG

ORIX Ventures announces the closing of a large term loan with SummitIG, a custom network solutions and bandwidth infrastructure provider.

03/18/2014 – Lotame Acquires Mobile Ad Targeting Startup AdMobius

Data management platform Lotame just announced that it’s acquiring startup AdMobius.

03/17/2014 – Amplience Secures Silicon Valley Bank Funding to Accelerate Rapid U.S. Expansion

Amplience, the leading provider of rich media production technology for ecommerce, today announced the successful closing of a $1.4 million growth capital term loan with Silicon Valley Bank.

03/17/2014 – Semiconductor Company Aquantia Raises $16M, Says It’s Preparing for IPO

Aquantia Corp. raised $16 million in new funding as it prepares for what has become a rare event for semiconductor companies, at least in the U.S.— going public.

03/14/2014 – Announcing The Judges Of TechCrunch’s Washington DC Pitch-Off

In a few short days, TechCrunchers from across the country will pack their bags, hop on a plane or a train, and venture to the nation’s capitol. That’s right, ya’ll — the TechCrunch DC Meetup + Pitch-off is happening, on Tuesday, whether you like it or not.

03/14/2014 – Security firm Shadow Networks bags $10M in new funding round

Shadow Networks, formerly called ZanttZ Inc, has secured more than $10 million in a recent funding round, TechCrunch reported citing the company's filing to the US Securities and Exchange Commission.

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