o College Park-Based IonQ Raising Another $2 Billion for Expansion
o Baltimore-Based DecisionPoint Acquires Imprint Enterprises
o HOOTL Lands $6.5 Million for Health Insurance AI
o Arlington-Based Trident Maritime Systems Sells UK Business
o Briefly Noted: AeroVironment, V2X, SIXGEN
College Park-Based IonQ Raising Another $2 Billion for Expansion
College Park, Md. – Looking to continue its rapid expansion, College Park-based IonQ, a developer of quantum computer systems, is raising another $2 billion through a new equity offering, the company announced. The company is selling 16.5 million shares for $93 each, as well as warrants to purchase another 48 million shares, to Hong Kong-based Heights Capital Management. It continues a whirlwind period of growth for the company, which over the past year has acquired Vector Atomic, Oxford Ionics, Capella Space, Lightsynq Technologies and Qubitekk, and secured a majority stake in ID Quantique. IonQ is planning to deliver quantum computers with 2 million qubits by 2030, potentially accelerating innovation in fields such as drug discovery, materials science, financial modeling, logistics, cybersecurity and defense.
“We believe this is the largest common-stock single-institutional investment in the history of the quantum industry,” said Niccolo de Masi, the chairman and CEO of IonQ. “This $2 billion cash investment will facilitate our global growth and accelerate our quantum commercialization worldwide.”
Baltimore-Based DecisionPoint Technologies Acquires Imprint Enterprises
Baltimore – DecisionPoint Technologies, a Baltimore-based provider of technology focused on mobile workers and real-time inventory, said on Monday it has acquired Chicago-based Imprint Enterprises, a provider of barcode, RFID and mobility tools. Financial terms of the deal were not disclosed. DecisionPoint said the addition of locations in Chicago and Minneapolis will strengthen its operational capacity and help it expand in the Midwest, while also bolstering its role as an edge technology integrator.
“The addition of Imprint enhances our capabilities in barcode labels and printing solutions, enabling us to deliver more comprehensive and innovative offerings to our enterprise customers,” said Brian Bukowski, the president and CRO of DecisionPoint.
Charlottesville-Based HOOTL Lands $6.5 Million for Health Insurance AI
Charlottesville, Va. – HOOTL, a Charlottesville-based developer of AI tools designed to help automate health insurance processing, said it has raised $6.5 million in its first round of funding, led by 5IR Funds. The company said it will use the proceeds to accelerate product development, regulatory readiness and market expansion. HOOTL, a business of RIIG Technology, is developing specialized workflows designed to help reduce insurance claim denials, streamline policy change tracking and validate claims in real time. The company is building domain-specific AI agents that integrate policy intelligence, meaning that healthcare systems are aligned with the latest regulatory mandates and payer requirements. The company’s initial rollout began in dental practices, with a broader launch scheduled for later this year.
“Our mission is simple but bold: stop the financial bleed in healthcare by applying AI where it truly matters—at the interface of providers, payers, and regulators,” said Denver Riggleman, the CEO of HOOTL.
Arlington-Based Trident Maritime Systems Sells UK Business
Arlington, Va. – Trident Maritime Systems, an Arlington-based developer of integrated maritime systems, said it has sold its UK business to Alexandria-based private equity firm DC Capital Partners. Financial terms of the deal were not disclosed. The sale includes Aeronautical & General Instruments (AGI), a 110-year-old British company that makes a range of instruments and systems for the defense and civil markets.
“This divestiture will allow Trident to continue to sharpen our focus on delivering for our core U.S. customers as we look to support the U.S. Navy’s robust shipbuilding and sustainment plans,” said Joe Mullen, the CEO of Trident.
Briefly Noted
(Arlington, Va.) Arlington-based AeroVironment, a developer of autonomous defense systems and related technologies, said it has promoted Mary Clum to the role of president of its Space, Cyber & Directed Energy (SCDE) business. Clum had served as executive vice president. In addition, the company has elevated Michael Pace to senior vice president of Space & DE Mission Systems.
(Reston, Va.) Reston-based V2X, a provider of AI and machine learning tools to national security, defense, civilian and international markets, has named Jeff Cheatham as its vice president of contracts and subcontracts. Cheatham most recently served as the vice president of contracts at Peraton.
(Annapolis, Md.) Annapolis-based cybersecurity company SIXGEN has named Stu Shea to its board of directors. Shea previously served as the inaugural president, chairman and CEO of Peraton, and earlier was the president and COO of Leidos and the COO of SAIC.