Potomac Tech Wire - Nov. 21
24 Local Companies on Deloitte’s 2025 Tech Fast 500 List
o 24 Local Companies on Deloitte’s 2025 Tech Fast 500 List
o DC-based Sorcero Raises $42.5 Million in Series B
o Herndon-based Revenium Raises $13.5 Million in Seed Funding
o Reston-based TekSynap Acquires Springfield-Based JBA
o InterSystems Launches Vienna-based Government Subsidiary
o CleanArc Data Centers Breaks Ground on New Caroline Campus
o Briefly Noted: IonQ, ASGN, Steampunk
24 Local Companies on Deloitte’s 2025 Tech Fast 500 List
Washington, DC – Twenty-four local companies were listed on this year’s North America Technology Fast 500 list from Deloitte, an annual ranking of the fastest-growing companies in the country. The ranking is based on the percentage fiscal year revenue growth from 2021 to 2024; it ranks companies in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors. College Park-based IonQ, the quantum computing company, was the highest-ranking local company, coming in 55th place. A full list of local companies on the list is in the graphic above.
DC-based Sorcero Raises $42.5 Million in Series B
Washington, DC – Sorcero, a DC-based intelligence platform for life science companies, announced that it has raised $42.5 million in Series B financing. The round was led by NewSpring Growth, with participation from Leawood Venture Capital and Blu Ventures. Sorcero has now raised a total of $59 million. The company’s AI-based platform is used by life sciences companies to gain insights into their data.
“Our vision is to create a unified intelligence platform for the precision medicine era,” said Dipanwita Das, CEO and co-founder at Sorcero. “We’re pioneering a new evidence-based medical affairs model where science, personalized for physicians, drives engagement and product adoption. This puts doctors’ evidence needs at the center and helps life sciences generate real-world insights radically faster, identify patients in need of specific treatments, and continually improve patient outcomes to drive healthcare provider adoption.”
Herndon-based Revenium Raises $13.5 Million in Seed Funding
Herndon, Va. – Revenium, a Herndon-based financial intelligence platform for managing AI spending, announced that it has raised $13.5 million in seed funding. The round was led by Two Bear Capital with participation from WestWave Capital. Amid a massive increase in capital spending for AI over the past few years, Revenium helps companies manage and optimize their AI spending.
“We see this moment as the convergence of two forces: the rise of agentic AI and the need for economic accountability. Revenium ensures companies can scale with visibility, control, and confidence,” said John Rowell, Co-Founder and CEO of Revenium.
Reston-based TekSynap Acquires Springfield-based JBA
Reston, Va. – TekSynap, a Reston-based provider of IT and technology services to national security customers, has acquired Springfield-based JBA, a technology engineering firm providing specialized IT services to the FBI. Financial terms of the deal were not disclosed. TekSynap said the move will expand its business with the FBI, as well as its offerings in IT service management, network engineering, software development, cloud and cyber operations. JBA will operate as a subsidiary of TekSynap.
“With JBA’s proven track record supporting the FBI, we are now uniquely positioned to accelerate the secure delivery of classified systems, extending capabilities seamlessly from the data center to the tactical edge,” said TekSynap CEO Kamran Jinnah.
InterSystems Launches Vienna-based Government Subsidiary
Vienna, Va. – InterSystems, a Massachusetts-based data management and healthcare information systems company, said it has launched a new Vienna-based government unit. The subsidiary, called InterSystems Public Sector Corp. (IPSC), will focus on modernizing data infrastructure and interoperability across federal, state and local government organizations.
“Public sector organizations face growing demands for agility, transparency and data-driven decision making,” said Paula Henderson, the managing director of IPSC. “Our new subsidiary is purpose-built to meet these demands.”
CleanArc Data Centers Breaks Ground on New Caroline County Campus
Ruther Glen, Va. – CleanArc Data Centers said on Thursday it has broken ground on its new flagship campus in Caroline County, Va. The new campus will offer 900MW of grid capacity, with the first 300MW coming online in early 2027. It is expected to be fully built out by 2035. The project is being backed by majority investor Snowhawk and minority investors Nuveen and Townsend Group.
“This new, leading-edge campus reflects our commitment to delivering reliable, efficient and sustainable data center solutions while supporting the local economy and workforce,” said James Trout, the founder and CEO of CleanArc Data Centers.
Briefly Noted
(College Park, Md.) IonQ, the fast-growing quantum computing company based in College Park, has named Scott Millard as its chief business officer. Millard, the former senior vice president of global AI sales at Dell Technologies, succeeds Rima Alameddine.
(Richmond, Va.) Richmond-based IT services company ASGN said it will change its name to Everforth, unifying its six current brands – Apex Systems, Creative Circle, CyberCoders, ECS, GlideFast and TopBloc – under a single identity. The company said the move will occur in the first half of 2026.
(McLean, Va.) McLean-based Steampunk, a provider of IT consulting services to the federal government, said it has promoted Stefani Shepherd to vice president of growth for its Homeland, Commerce and Justice business. Shepherd had served as the company’s senior director of growth since early 2024, and earlier spent three years with UiPath.