o DC-based Sublime Security Raises $150 Million in Series C
o Glen Allen-Based CareScout Completes Deal for Seniorly for $15M
o Rockville-Based HoloMD Closes First $1.6 Million of Seed Round
o Herndon-Based FranConnect Expands Leadership
oT. Rowe Price to Launch Technology, Data and Operations Function
o Tysons-Based Oddball Names Former Booz Allen Exec as New CEO
o Briefly Noted: ID Dataweb, Carrie Lee
DC-based Sublime Security Raises $150 Million in Series C
Washington, DC – In one of the region’s largest funding rounds this year, Sublime Security, a DC-based agentic email security platform, announced that it has raised $150 million in Series C funding. The round was led by growth-stage investor Georgian, with participation from Avenir, 01A, Index Ventures, IVP, Citi Ventures and Slow Ventures. Using AI, Sublime’s tools help combat phishing and email-based attacks.
“Our adversaries have constraints, like budgets and time, just like defenders do. AI is changing this dynamic, enabling more sophisticated attacks with less effort at scale,” said Josh Kamdjou, CEO and Co-founder of Sublime. “We built Sublime to stop this next generation of attacks by giving security teams an autonomous defense that detects, triages, and adapts at adversary speed, with the transparency and control that enhances work instead of creating friction.”
Glen Allen-Based CareScout Completes Deal for Seniorly for $15M
Glen Allen, Va. – Completing a deal first announced last month, Glen Allen-based CareScout, developer of a website designed to help families find senior home care providers, said it has acquired San Francisco-based Seniorly, a provider of a website and advisor network that helps families evaluate and select senior living community options. The companies said the all-cash deal is valued at approximately $15 million. CareScout said it plans to integrate Seniorly’s platform, which connects families to more than 3,000 senior living communities through its network of local advisors. The company said the move strengthens its direct-to-consumer capabilities and accelerates its strategic roadmap.
Rockville-Based HoloMD Closes First $1.6 Million of Seed Round
Rockville, Md. – HoloMD, the Rockville-based developer of a remote therapeutic monitoring (RTM) platform for psychiatry, said it has closed the first $1.6 million of its planned $3 million seed round. The company said it will use the funds to further develop and expand Dr. Holo, its human-supervised AI companion designed to support psychiatrists and their patients between visits. The tool utilizes daily check-ins and micro-interventions, then translates the results into insights for providers. In 15 months, Dr. Holo has completed the first phase of its platform rollout, moving from concept to live revenue. Now, HoloMD is planning to expand the tool into additional practices and markets.
Herndon-Based FranConnect Expands Leadership to Help Fuel Growth
Herndon, Va. – With clients increasingly seeking AI and automation technologies to operate their businesses, Herndon-based FranConnect, a developer of sales, operations and marketing tools for franchise and multi-location businesses, on Monday expanded its leadership team to help meet the demand. The company has named Charlie Zhang as its CFO and COO, Mark Calvillo as its chief product officer and Jaffrey Ali to the newly created executive role as chief AI officer. Zhang most recently served as the CFO of ION Analytics, Calvillo was a senior vice president at Restaurant365 Software and Ali had served as FranConnect’s chief product officer since 2018.
“We’re seeing a fundamental shift in how franchise and multi-location businesses operate,” said CEO Gabby Wong. “Our customers are demanding smarter, faster, and more scalable solutions, and we’re building the team to deliver just that.”
Baltimore-Based T. Rowe Price to Launch Technology, Data and Operations Function
Baltimore – T. Rowe Price, the Baltimore-based asset management giant, said it will launch a new Technology, Data and Operations function, led by Ramon Richards, who joined the firm as CTO in 2023. Richards will oversee enterprise operations, digital platforms and data strategy. “By creating a function singly focused on technology, data and operations, we are aligning our capabilities to adapt to changing industry dynamics,” said Rob Sharps, chair, CEO and president of T. Rowe Price. In addition, the firm announced that COO Kimberly Johnson will depart next month. She has served as COO since 2022.
Tysons-Based Oddball Names Former Booz Allen Exec as New CEO
Tysons, Va. – Oddball, a Tysons-based provider of digital services designed to modernize how government organizations interact with their constituents, has named Rob Silverman as its new CEO. He succeeds co-founder Travis Sorensen, who had led the company for its first decade. Silverman previously spent 23 years as an executive vice president at Booz Allen Hamilton, and is a part-time faculty member at Johns Hopkins University’s Whiting School of Engineering.
Briefly Noted
(Centreville, Va.) Centreville-based ID Dataweb, a developer of identity threat detection and risk mitigation technology, has named Brian Nimmo as its inaugural chief strategy officer. Nimmo has been with the company for more than nine years, previously serving as its senior vice president of sales and marketing.
(Washington, DC) Carrie Lee, the former chief product officer and deputy CIO of the Department of Veterans Affairs (VA), has joined the federal advisory board of Texas-based Knox Systems, operator of a managed federal cloud. Lee currently serves as the CEO of C.A. Lee Advisory, a firm she founded in July.