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Here are all of the tech funding deals out of the Washington, D.C., area this week. We’ll be updating this post as more news comes out.
Monday, August 31
Dashcube (McLean, Va.)
- Deal: $125K venture raise, according to an SEC filing
- Investors: first round of private investment, undisclosed investor list
- What they do: Dashcube is an enterprise-focused cloud software communications and schedule planning platform. It was previously described as "the love child of Trello and Slack or Basecamp and HipChat" by CMSWire writer David Coleman. Dashcube can also be explained as an all-in-one communications platform that hopes to mesh common communications applications like email, messenger, chatrooms, photo-sharing, data-sharing, and calendar planning.
- Other details: The founders are Peter Armstrong, Len Epp and Chris Carkhuff, based on a 2014 interview with SuccessHarbor.
Tuesday, September 1
ApprenNet (Philadelphia, Pa.)
- Deal: $1.8 million seed round
- Investors: Martellus Holdings, 1776 and University of Virginia's Jefferson Education Fund
- What they do: Online learning platform for learning technical and other skills in apprentice format.
Wednesday, September 2
Tanium (Emeryville, Ca. & Washington, D.C.)
- Deal: $120 million in additional funding round
- Investors: TPG, Institutional Venture Partners (IVP) and funds and accounts advised by T. Rowe Price Associates, Inc., alongside existing investor Andreessen Horowitz
- What they do: Cybersecurity platform for government agencies and large companies
- Other details: This raise is the largest for a privately-held security firm in 2015, and one of the largest all time. The company's valuation has increased to $3.5B, almost doubling from the $1.8B valuation in March when it last raised funds. Tanium opened its Washington, D.C. office earlier this year to "better support the company’s rapidly growing public sector footprint."
Link Labs (Annapolis, Md.)
- Deal: $5.7 million Series A round, according to press release
- Investors: TCP Venture Capital led the round, and was joined by the Maryland Venture Fund, Blu Venture Investors, Inflection Point Partners, and individual and existing investors.
- What they do: Provider of low-power, wide-area networking technologies for Internet of Things applications
Aquicore (Washington, D.C.)
- Deal: $1.3 million seed round
- Investors: 1776 led the round, joined by Salesforce founder Marc Benioff and Efficient Capacity LLC
- What they do: Commercial real estate energy monitoring and management to improve efficiency.
Virgil Security (Manassas, Va.)
- Deal: $525,000 seed round
- Investors: NextGen Angels, Inner Loop Capital and Panther Angels
- What they do: creators of a cloud-based public key management service
- Other details: Mach37 alumni from Fall 2014 class
Cyph (McLean, Va.)
- Deal: $500,000 seed round
- Investors: CIT GAP Fund and Goel Fund
- What they do: secured messaging application, uses encryption and cryptology
- Other details: Mach37 alumni from Fall 2014 class
DrFirst (Rockville, Md.)
- Deal: $12 million credit loan
- Investors: SunTrust Bank
- What they do: Doctor-patient information and data connection platform that helps manage complex patient records/history
- Other details: “Since the start of the company in 2000, we have focused on identifying challenges that detract from the efficiency, accuracy and safety with which doctors can help their patients. To address those challenges, we create user-friendly solutions that improve clinical outcomes, strengthen healthcare technology interoperability, and assure provider and patient security,” said G. Cameron Deemer, president of DrFirst, in a statement.
