Potomac Tech Wire - May 28
Arlington-based Quartermaster Raises $43 Million in Series A
o Arlington-based Quartermaster Raises $43 Million in Series A
o Ashburn-based DTC Acquires Adaptive Dynamics Inc.
o McLean-based Cycurion Acquires Secuvant For $2.9 Million
o Maryland Tech Council Names 2026 ICON Awards Winners
o TEDCO Names Board Members for Next Fiscal Year
o Patrick Paolini Named CEO of McLean-based TEGNA
> Mid-Atlantic MarCom Summit - Oct. 14 (Washington, D.C.)
o Briefly Noted: Parry Labs - Don Claussen, BRG - Darin Cabral, Red River
Arlington-based Quartermaster Raises $43 Million in Series A
Arlington, Va. – Quartermaster, an Arlington-based startup linking maritime sensors to a data analysis platform, has raised $43 million in Series A funding. The round was led by First Round Capital and Quiet Capital, with participation from TMV Logistics, Steel Atlas, BoxGroup, Operator Partners, Shorewind Capital, and David Adelman.
“Six million working and commercial vessels sail the world’s waterways every day. Fishing boats, workboats, ferries, cargo vessels, offshore service vessels, coastal operators. They’re already in the places where maritime data matters, on every coastline, in every shipping lane, across every fishery,” the company wrote in a LinkedIn post about the funding. “We equip those vessels with SmartMast, our onboard sensing and edge compute platform. SmartMast captures structured real-time data on vessel activity, environmental conditions, video, geolocation, radio signals, and anomalies, processes it locally, and feeds the structured output into Quartermaster’s software platform.”
Ashburn-based DTC Acquires Adaptive Dynamics Inc.
Ashburn, Va. – DTC, an Ashburn-based provider of tactical communications systems, announced that it has acquired Adaptive Dynamics, Inc., a San Diego-based developer of anti-jamming and interference mitigation technologies. Financial terms of the deal were not disclosed.
“Adaptive Dynamics’ technical expertise in interference mitigation and signal processing strengthens our ability to deliver communications systems that perform under the most challenging operational conditions,” said Paul Sangster, president of DTC. “This capability is increasingly critical as spectrum environments become more contested and complex across our markets, reflecting real-world operational demands and evolving battlefield requirements.”
TEDCO Names Board Members for Next Fiscal Year
Columbia, Md. – TEDCO, the Maryland technology economic development agency that is a major provider of seed funding in the state, announced the list of its executive officers and board members for fiscal year 2027, which begins on July 1. TEDCO’s board is made up of 19 members, 14 of whom are appointed by the Governor, two appointed by the President of the Maryland Senate, and two appointed by the Speaker of the Maryland House of Delegates. The full list is available here.
McLean-based Cycurion Acquires Secuvant For $2.9 Million
McLean, Va. – Cycurion, a McLean-based cybersecurity company, announced that it has acquired Utah-based Secuvant, a cybersecurity and risk management company for $2.9 million. Cycurion, which is publicly traded, said the acquisition will result in about $3 million in annualized revenue. “This acquisition marks a major milestone in our mission to fix what’s broken in cybersecurity,” said Kevin Kelly, Chairman and CEO of Cycurion. “Secuvant’s proven tools and expertise, combined with HavenX, let us deliver truly automated, scalable solutions that drive superior client outcomes and immediate financial impact.”
Maryland Tech Council Names 2026 ICON Awards Winners
Rockville, Md. – The Maryland Tech Council has announced the winners of the 2026 ICON Awards that recognized individuals and companies in Maryland’s technology and life sciences sector. “The 2026 ICON Award winners represent the very best of Maryland’s innovation economy,” said Kelly Schulz, CEO of MTC. “These leaders and organizations are developing groundbreaking technologies, advancing healthcare solutions, strengthening national security, and inspiring the next generation of innovators.” The list of winners is here.
Patrick Paolini Named CEO of McLean-based TEGNA
McLean, Va. – TEGNA, the McLean-based local television company that was originally part of Gannett, has named Patrick Paolini as its new CEO. Paolini was formerly EVP of advertising sales at FOX Television Stations. TEGNA, which operates 64 local television stations along with hundreds of digital media assets, is a subsidiary of Nexstar Media Group.
Briefly Noted
(Alexandria, Va.) Parry Labs, an Alexandria-based defense technology company that raised $80 million in 2024, has named Don Claussen as its CEO. Founder and previous CEO John Parkes will assume the role of executive chairman. Claussen was most recently the CEO of ST Engineering iDirect.
(Washington, D.C.) BRG, the DC-based technical consulting firm, has named Darin Cabral as its CFO. Cabral formerly served as chief financial and administrative officer at Constellis.
(Chantilly, Va.) Red River, a Chantilly-based cybersecurity firm, has named Mike Sang as its CFO. Sang has previously held senior finance and strategy roles at CAE, L3Harris and Morgan Stanley.