Potomac Tech Wire - Dec. 19
Arctos Partners, Qatar Investment Authority Invest in Monumental Sports
o Arctos, Qatar Investment Authority Invest in Monumental Sports
o HawkEye 360 Completes $150 Million Acquisition of ISA
o Ares Management Invests $700 Million in Virginia Data Centers
o Fairfax-based Origin Therapy Raises $2.6 Million in Pre-Seed
o NobleReach Foundation Becomes Partner of US Tech Force
o DC-based FiscalNote Launches Epstein Unboxed Website
o Briefly Noted: Parsons, FS Vector
Arctos Partners, Qatar Investment Authority Invest in Monumental Sports
Washington, DC – Arctos Partners, the Dallas private investment firm, has become a new minority investor in Monumental Sports & Entertainment, the owner of the Washington Capitals, Wizards and other local sports and media franchises. The amount of the investment was not disclosed. In addition to the Arctos investment, the Qatar Investment Authority, a sovereign wealth fund, has increased its existing equity stake in Monumental. “Monumental Sports & Entertainment is one of the most forward-thinking and innovative ownership groups in global sports,” said Doc O’Connor, co-founder and managing partner at Arctos.
Herndon-based HawkEye 360 Completes $150 Million Acquisition of Innovative Signal Analysis
Herndon, Va. – HawkEye 360, a Herndon-based intelligence data and analytics firm, announced that it has completed its acquisition of Texas-based Innovative Signal Analysis (ISA), in a deal valued at $150 million. The acquisition was backed by a Series E preferred equity financing round co-led by existing investors NightDragon and Center15 Capital, and also included debt financing from Silicon Valley Bank, Pinegrove Venture Partners and Hercules Capital.
“This transaction marks an important step forward for HawkEye 360 as we continue to scale our platform and integrate highly complementary technical capabilities,” said John Serafini, CEO of HawkEye 360. “The acquisition of ISA cements our position as the leading provider of RF data, signal processing, and analysis. The leadership of NightDragon and Center15 in this Series E round, alongside our lending partners, reflects confidence in our strategy and the value our capabilities bring to customers and partners worldwide.”
Ares Management Invests $700 Million in Virginia Data Centers
Leesburg, Va. – Responding to the massive compute needs for AI, Ares Management, the New York-based alternative investment firm, announced that it has invested in two major data centers in Northern Virginia, reportedly valued at $700 million. Ares said it has secured a 314-acre site in Spotsylvania County that will be developed by Ada Infrastructure. In a separate investment, Ares said it has acquired two “2025-vintage” hyperscale data centers located in Leesburg, Virginia.
“Northern Virginia represents an attractive, rapidly growing and critical data center market, and these assets, in combination with their investment-grade tenant and triple-net-lease structure, provide predictable cash flows, portfolio diversification and strong upside potential,” said David Roth, global head of real estate strategy and growth at Ares Real Estate. “We look forward to supporting the long-term value creation opportunity of these investments.”
Fairfax-based Origin Therapy Raises $2.6 Million in Pre-Seed
Fairfax, Va. – Origin Therapy, a Fairfax-based startup automating the practices of pediatric speech therapists, said it has raised $2.6 million in pre-seed funding. The round was led by Distributed Ventures.
“Today, 1 in 6 kids in the US has a developmental delay or disability, yet families struggle to access consistent, in-person care. While telehealth has expanded access in other healthcare verticals, it simply doesn’t work for our most vulnerable populations: our kids,” wrote co-founder Gabe Hart in a LinkedIn post. “Origin Therapy was created to solve this. We help pediatric therapists build and grow in-person private practices. By automating the entire back-office – scheduling, credentialing, billing, and more – we remove the traditional barriers to private practice, allowing therapists to focus on care.”
NobleReach Foundation Becomes Partner of US Tech Force
Tysons, Va. – NobleReach Foundation, a Tysons-based organization supporting civic leadership, announced that it has become a founding partner of the US Tech Force, a new government program to recruit technical talent. Former local venture capitalist Arun Gupta is the CEO of NobleReach. US Tech Force helps facilitate two-to-four-year appointments of technical professionals to work in the government. Additional founding partners of the US Tech Force include Adobe, Amazon Web Services, Anduril, Apple, Box, C3 AI, Coinbase, Databricks, Dell, Docusign, Google Public Sector, IBM, Meta, Microsoft, Nvidia, OpenAI, Oracle, Palantir, Salesforce, SAP, ServiceNow, Snowflake, Robinhood, Uber, Workday, xAI, and Zoom.
“Our placements of top talent are proof that programs like this can have a force multiplier effect at government agencies nationwide,” said Gupta. “We’ve seen how working on behalf of our nation gives these young leaders an appreciation for public service that will stay with them throughout their careers, in and out of government.”
DC-based FiscalNote Launches Epstein Unboxed Website
Washington, DC – FiscalNote, the DC-based policy and regulatory intelligence company, announced the launch of a new site – Epstein Unboxed – that provides access to files tied to the Epstein investigation. The Department of Justice is expected to release large amounts of files tied to the Epstein case in the coming days.
“Developed entirely in-house through FiscalNote’s expertise in AI and data engineering, Epstein Unboxed unifies emails, videos, legal filings, calendar entries, and other materials — including newly released content — into a single, intuitive resource featuring an interactive webpage that allows users to search-and-question the archive in real time,” the company said in a press release about the launch.
Briefly Noted
(Chantilly, Va.) Parsons, the Chantilly-based government contractor, has named John Martinez as its new chief legal officer. Martinez formerly served as chief legal officer and corporate secretary at Maximus.
(Washington, DC) FS Vector, a DC-based strategic consulting firm focused on financial services, has named Megan Hannigan as Managing Principal. Hannigan most recently served as deputy chief of staff and legislative director to Rep. Gregory W. Meeks (D-NY).