Potomac Tech Wire - Feb. 6
DC-based Chamber Raises $60 Million Series A Round; Provides Technology to Cardiology Practices
o DC-based Chamber Raises $60 Million Series A Round
o DC-based Savi Acquires Cincinnati-based Fiducius
o Reston-based Woven Solutions Acquires McLean-based Apira
o DC-based Ventus Creates New Firm With Two Acquisitions
o Patton Acquires Assets of Baltimore-based Practical Technologies
> Next Week: Potomac Tech Wire’s GovCon Outlook 2026 - Reston, Va.
o Briefly Noted: American Global Strategies - David Malpass, Neovera - Allison Arvizu, Nicus Software - Eric Stoop
DC-based Chamber Raises $60 Million Series A Round; Provides Technology to Cardiology Practices
Washington, DC – Chamber, a DC-based provider of technology to cardiology practices, has raised $60 million in a Series A round. The round was led by Frist Cressey Ventures, with participation from existing investors General Catalyst, AlleyCorp, American Family Ventures, and Company Ventures, and strategic investments from Optum Ventures, Healthworx Ventures, and Black Opal Ventures. The company also received debt financing from HSBC Innovation Banking. Chamber’s technology helps cardiologists provide “value-based care programs” focused on long-term management.
“Chamber is focused on building the infrastructure that helps cardiologists succeed in value-based care, supports more predictable performance for health plans, and ultimately delivers a better experience for patients with heart disease,” said George Aloth, Co-Founder and CEO of Chamber.
DC-based Savi Acquires Cincinnati-based Fiducius
Washington, DC – Amid major changes in federal student loans programs, Savi, the DC-based developer of a platform for finding student loans, announced the acquisition of Cincinnati-based Fiducius, a provider of education benefits to employees. Financial terms of the deal were not disclosed.
“We’ve been fortunate to get to know the Fiducius team through our mutual work in employer benefits, and always thought they would be a great fit to join forces with,” said Tobin Van Ostern, co-founder of Savi. “For more than a decade, the Fiducius team has done an incredible job not only building trust with employees and clients, but also building a platform that has helped borrowers navigate financial decisions at different stages of their education journey.”
Reston-based Woven Solutions Acquires McLean-based Apira
Reston, Va. – Woven Solutions, a Reston-based developer of national security software, announced the strategic acquisition of McLean-based Apira Technologies, a startup company focused on computer vision and AI systems. Financial terms of the deal were not disclosed. In August, Woven received a strategic investment from Falfurrias Management Partners.
“Joining forces with Woven Solutions is a natural next step for Apira,” said Jeff Smeraglinolo, CEO of Apira Technologies. “From the beginning, our focus has been on delivering mission-critical AI and synthetic media capabilities to customers operating in the most demanding environments. Woven brings the scale, operational depth, and shared mission focus that will allow us to accelerate product development, expand our reach across the national security community, and deliver even greater impact for our government and law enforcement partners.”
DC-based Ventus Creates New Firm With Two Acquisitions
Washington, DC – Ventus Industrial Partners, a DC-based private equity firm focused on national security technology companies, announced the formation of a new company called Aeron Defense through the acquisition of Ohio-based General Tool Company and Ohio-based Magna Machine Company. The deal was carried out in partnership with GenNx360 Capital Partners and Admiralty Partners.
“Aeron’s mission is to support the effort to scale the broader defense industrial base across key military programs, and to become the employer of choice within the sector through our ‘Ownership for All’ workforce incentive model and employee-centric philosophy,” said Valerio Massimo di Roccasecca, managing partner of Ventus Industrial Partners. “GTC and Magna are exceptional businesses with which to launch Aeron, and we are delighted that the Kramer family have entrusted us with their family legacy.”
Patton Acquires Assets of Baltimore-based Practical Technologies
Gaithersburg, Md. – Patton, a Gaithersburg-based electronics developer and contract manufacturing company, announced that it has acquired the assets of Baltimore-based Practical Technologies. Patton said the deal adds more than 20,000 square feet of facilities in the Baltimore area. Patton said the two companies create “everything from custom wire-and-cable, PCB assembly, electro-mechanical assembly, and epoxy and silicone potting for prototypes, low-rate or high-volume production.”
“This acquisition represents a strategic investment in manufacturing capacity and capability,” said Co-Owner and Chief Revenue Officer Burton Patton. “By combining Patton’s engineering, design, and manufacturing capabilities with PTI’s specialized manufacturing expertise, we’re creating a one-stop solution for customers who need to innovate with excellence.”
Briefly Noted
(Washington, DC) American Global Strategies, a DC-based boutique strategic advisory firm, has named former World Bank president David Malpass as vice chairman. In addition to serving as World Bank president and Under Secretary of the Treasury for International Affairs, Malpass worked on Wall Street for many years, including serving as Chief Economist at Bear Stearns.
(Reston, Va.) Neovera, a Reston-based managed IT and cybersecurity company, has named Allison Arvizu as its chief revenue officer. Neovera previously worked at Trustwave and Bishop Fox.
(Roanoke, Va.) Nicus Software, a Roanoke-based provider of financial software, announced the appointment of Eric Stoop as CEO. He most recently served as the CEO of Ease.io.