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CoStar completes $1.6B acquisition of Matterport
Arlington County-based real estate data and analytics company CoStar Group announced Friday that it had completed the acquisition of Sunnyvale, California-based 3D digital twin technology company Matterport. CoStar says the $1.6 billion acquisition, which was announced last year, will allow the company to accelerate the adoption of AI-driven digital twin technology across the global real […[...]
CoStar eliminates some jobs, but plans to add about 1,000 jobs
Arlington County-based real estate data and analytics company CoStar Group on Thursday announced several substantial changes to its Virginia workforce, including the elimination of some jobs and the addition of others. The company said it plans to fill more than 1,000 new positions predominantly in Richmond, including 500 new Homes.com sales professionals. CoStar said that […]
Unanet acquires D.C. AI firm
Dulles-based software company Unanet has acquired Washington, D.C.-based GovPro AI, Unanet announced Friday. Unanet did not disclose financial details of the transaction, which it completed in November. Unanet provides project-based enterprise resource planning and customer relationship management software solutions for government contractors and the architecture, engineering and construction indu[...]
Defense tech startups close major funding rounds
Venture capital firms are betting big on two Northern Virginia-based defense contracting startups that are promising high-tech solutions to military challenges. In August, McLean-based Defcon AI announced it had raised $44 million in seed funding led by San Francisco investment firm Bessemer Venture Partners. The same month, Parry Labs in Alexandria raised $80 million in […]
As data centers grow, Amazon and Dominion explore small nuclear reactors
With power consumption by data centers and AI projected to more than quadruple in Virginia in the next 15 years, Amazon.com and Dominion Energy Virginia have entered into an agreement to explore potential development of small modular nuclear reactors at North Anna Power Plant in Louisa County, the two companies announced at an event Wednesday […]
A smart defense
In late 2020, the Air Force made headlines when it announced that an artificial intelligence co-pilot, named ARTUµ, helped command and control a U.S. military spy plane for the first time in history. If the name, pronounced R-2, sounds familiar, it is. Think R2-D2, or “Artoo,” Luke Skywalker’s lovable droid and X-Wing copilot from the […]
Leidos names first chief AI officer
Leidos has named Ron Keesing its first chief AI officer, the Reston Fortune 500 contractor announced Tuesday. Keesing, who joined Leidos in 2004, has more than two decades of experience in artificial intelligence, machine learning and advanced analytics. His roles have included serving as founding director of the Leidos AI Accelerator and as senior vice […]
McLean AI health care startup raises $111 million
A McLean-based health care tech startup wants to provide more targeted medical treatments for people with cancer, heart disease and other common diseases. Zephyr AI, founded in 2020, is a precision medicine company on a mission to democratize personalized medicine and is doing it by developing artificial intelligence-powered algorithms that can glean insights from health […]
Breaking the rules
For lawyers, time has always been money, which has made the billable hour standard practice for the profession since the 1960s. But with the rise of artificial intelligence, which already can cut the time required to complete rote tasks from days or hours down to seconds, a once-inconceivable event just might come to pass — […]
Google investing $1B in Va. data center campuses
Google is investing $1 billion in expanding its Virginia data center campuses this year and is launching a $75 million Google.org AI Opportunity Fund, one of Google’s top executives and Gov. Glenn Youngkin announced Friday at Google’s Reston office. “Today is a great day. We’ve got a $1 billion investment in the commonwealth that we’re […]
Digital divide
In a relatively short time, Josh Thomas has seen the Prince William County district he represents in the Virginia House of Delegates transform from farmland and residential neighborhoods to massive buildings filled with the digital infrastructure that stores, processes and distributes huge amounts of information across the global internet, from cloud computing for businesses to […]
McLean AI health care startup raises $111M in Series A funding
McLean-based Zephyr AI has raised $111 million in a Series A funding round, the health care technology startup announced March 13. The round included participation from about 30 investors, including Revolution Growth, Eli Lilly & Co., Jeff Skoll, and Epiq Capital Group, according to a news release and a Securities and Exchange Commission filing from […]
