Potomac Tech Wire: Venture Deal Tracker

Rockville-Based X-energy Lands Another $200 Million to Fund Nuclear Technology

Paul Sherman — Tue, 18 Feb 2025 21:06:00 GMT

Rockville, Md. – Just four months after announcing a $500 million round of funding anchored by Amazon, Rockville-based X-energy, a developer of nuclear reactor and fuel technology, said it has raised another $200 million to close the round at $700 million. Segra Capital Management, Jane Street, Ares Management funds and Emerson Collective invested to cl…

Glen Allen-Based SRA Watchtower Lands $4 Million Following Acquisition

Paul Sherman — Tue, 18 Feb 2025 20:58:00 GMT

Glen Allen, Va. – SRA Watchtower, the risk and business intelligence platform based in Glen Allen, announced on Tuesday that it has raised $4 million in a new round of funding, co-led by previous backers Fintop Capital, Jam Fintop, and EJF Capital. The move comes a week after the company announced its acquisition of Lumio Insight, a cloud-based data man…

North Bethesda-Based Uscreen Lands $150 Million For Video Membership Platform

Paul Sherman — Thu, 13 Feb 2025 16:43:33 GMT

North Bethesda-Based Uscreen Lands $150 Million Investment

North Bethesda, Md. – To support the growing digital creator economy, Uscreen, the North Bethesda-based developer of a video membership platform for creators, said on Thursday it has landed a $150 million investment from Boston-based growth equity firm PSG. Uscreen’s software, aimed at video crea…

McLean-based Andesite AI Raises Additional $23 Million in Seed Round

Paul Sherman — Tue, 11 Feb 2025 19:51:53 GMT

McLean, Va. – Andesite AI, a McLean-based AI cybersecurity firm that blends automation with human insights, has raised an additional $23 million in the second tranche of its seed round, which totaled $38.25 million. The funding for the most recent tranche came from General Catalyst and Red Cell Partners. Andesite helps cybersecurity teams by providing h…

DC-based Pendulum Raises $22 Million for Supply Chain AI

Paul Sherman — Mon, 10 Feb 2025 16:17:48 GMT

Washington, DC – Pendulum, an AI supply chain startup based in DC, announced that it has raised $22 million. The investment included $11 million in “non-dilutive R&D capital” and $11 million in venture capital from Lowercarbon Capital, Cross Border Impact Ventures, Decisive Point, Collab Fund, and Blaise Agüera y Arcas, the CTO of Technology & Society a…

McLean-based ID.me Closes on $275 Million Credit Facility from Ares Management

Paul Sherman — Thu, 30 Jan 2025 17:00:59 GMT

McLean, Va. – In the most significant financing for a local company this year, McLean-based digital identity firm ID.me announced that it has closed on a $275 million credit facility from Ares Management, which also plans to make a significant equity investment in the company. ID.me said its revenue grew by 450% from 2020 to 2024. ID.me’s identity manag…

Charlottesville’s Springbok Analytics Raises $5M with NBA Backing for Muscle Health AI

Paul Sherman — Tue, 28 Jan 2025 15:27:51 GMT

Charlottesville, Va. – Springbok Analytics, a Charlottesville-based developer of artificial intelligence analytics focused on muscle health, has raised $5 million in its first round of funding, which included an investment from the National Basketball Association (NBA). The company’s technology provides athletes and trainers with data-driven insights to…

Reston-based Hypori Closes $35 Million Series B With Additional $12 Million Raise

Paul Sherman — Tue, 28 Jan 2025 14:57:00 GMT

Reston, Va. – Reston-based Hypori, a startup focused on enterprise app technology for mobile devices, has raised an additional $12 million in its Series B, bringing the total to $35 million. Investors in the round that has now closed included UBS AG, Carahsoft and AE Industrial Partners. Hypori has already signed contracts with the U.S. Air Force, Space…

Fairfax-based Kaiden AI Raises $1 Million in Pre-Seed Round

Paul Sherman — Thu, 23 Jan 2025 17:35:00 GMT

Fairfax, Va. – Fairfax-based Kaiden AI, a developer of AI-based training tools for law enforcement, has raised $1 million in pre-seed funding. The round was led by Focal Ventures, with participation from 43.io, Hustle Fund, and various angel investors. Kaiden AI said it is developing voice simulations to prepare officers for “high-stakes, real-world sce…

Arlington-Based Beanstack Raises $1.5 Million to Gamify Reading

Paul Sherman — Wed, 22 Jan 2025 17:30:00 GMT

Arlington-Based Beanstack Raises $1.5 Million to Gamify Reading

Arlington, Va. – Former “Shark Tank” company Beanstack, the Arlington-based developer of a platform that uses gamification to help motivate students to read, said it has raised $1.5 million in a round co-led by Riverside Acceleration Capital and Evoce Capital. Mark Cuban, Kapor Capital, Mili…

DC-based Rhino.ai Raises $50 Million From Koch Venture

Paul Sherman — Wed, 22 Jan 2025 17:27:00 GMT

DC-based Rhino.ai Raises $50 Million From Koch Venture

Washington, DC – Rhino.ai, a DC-based startup focused on automating the modernization of legacy IT systems, announced that it has raised $50 million in Series A funding. The round was led by Koch Disruptive Technologies. KPMG Ventures is a previous backer of the company. Using AI, Rhino aims to signi…

Reston-based Thoras.ai Raises $5 Million in Seed Funding

Paul Sherman — Tue, 14 Jan 2025 17:40:00 GMT

Reston, Va. – Thoras.ai, a Reston-based developer of a network reliability platform using AI, announced that it has closed on $5 million in seed funding. The round was led by Wellington Ventures, with participation from Sinewave Ventures, Focal Ventures, Storytime Capital, and other strategic investors. Using Artificial intelligence (AI) and machine lea…

Arlington-Based ExistX Lands Investment from Hale Capital Partners

Paul Sherman — Wed, 08 Jan 2025 17:22:00 GMT

Arlington, Va. – ExistX, an Arlington-based provider of advanced research and technology, founded as a spinout of Galois, said it has landed a new investment from New York-based private equity firm Hale Capital Partners. Financial terms of the deal were not disclosed. Hale Capital recently raised its sixth pool of capital, focusing on spinouts, divestit…