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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.
Thursday, October 29
IronNet Cybersecurity (Maple Lawn, Md.)
Deal: $32M raise, according to an SEC filing Investors: Trident Capital Cybersecurity What they do: cybersecurity Other details: following on a $25M equity raised, with $7.5M filled, in September. A DC Inno report found that the round was committed. This filing is separate from the September mention. See related>
Autonomy Engine / VoiceVibes (Marriottsville, Md.)
- Deal: $100K equity raise from a $150K total offering, according to an SEC filing
- Investors: undisclosed
- What they do: voice communications software and analysis tool
- Other details: "VoiceVibes software extracts and analyzes many aspects of your voice and converts this into useful information about your communication style. The software measures pace, pausing, variety of energy, variety of pitch, variety of pace, upspeak, clarity, non-verbal fillers and trigger words and highlights occurrences on an interactive audio signal for playback. You can record and upload a pitch from your mobile device and then review your personal dashboard to see how you sounded," the company describes of its flagship product.
Babel Street (Reston, Va.)
- Deal: $2M debt raise from a total $3M offering, according to an SEC filing
- Investors: undisclosed
- What they do: text analytics and sentiment analysis
- Other details: social media data collection and aggregation software that analyzes messages in multiple languages and profiles within a geographic location in realtime. Technology is used by surveillance agencies/firms to monitor activity within areas. Babel Street was originally named Agincourt Solutions.
Tuesday, October 27
Nuix (Herndon, Va.)
- Deal: $250K through sales related to ProofFinder, a digital investigation and eDiscovery software tool
- Investors/Beneficiary: all sales related to ProofFinder are given to not-for-profit organization Room to Read, which focuses on promoting literacy and gender equality in education throughout Asia and Africa
- What they do: a cybersecurity co. and provider of threat intelligence to both private and federal clients
- Other details: "Using the funds raised from Proof Finder, Room to Read has recently helped a community in Vietnam build a new library at a primary school," a company spokesperson announced
Exostar (Herndon, Va.)
- Deal: $10M venture round, announced by co.
- Investors: Merck & Co. Inc.’s Global Health innovation Fund
- What they do: cloud-based account management, information sharing and supply-chain management software for enterprise, including defense/aerospace manufacturers and financial sector. Newly announced vertical will be healthcare providers.
- Other details: Founded in March 2000 by a joint collective made up of BAE Systems, The Boeing Co., Lockheed Martin Corp., Raytheon and Rolls-Royce
Monday, October 26
GrassRoutes (Bethesda, Md.)
- Deal: $175K debt raise from a $200L total debt offering, according to an SEC filing
- Investors: undisclosed
- What they do: unknown - no website, social media presence or other profile information
- Other details: the SEC filing shows a Steven M. Marks serving as the company's director/executive. It's unclear if this is the same Steven M. Marks that is also currently an executive at the Washington, D.C.-based Recording Industry Association of America (RIAA).
LearnZillion (Washington, D.C.)
- Deal: $13M equity raise, according to an SEC filing
- Investors: DCM Ventures and Owl Ventures
- What they do: developers of cloud-based education curriculums for teachers and schools. Resources for grade 2-12 math and ELA
- Other details: Company builds lesson plans and video lessons. Raise was announced in mid-September, but this appears to be the official filing
