Twenty years ago, artificial intelligence seemed like the stuff of sci-fi films such as “2001: A Space Odyssey” and “The Matrix.” Today, it’s so ubiquitous as to be virtually unremarkable and unnoticeable — integrated into everything from GPS traffic navigation apps on our phones to smart devices in our homes to security scanners at the airport.
In this issue, Virginia Business Associate Editor Courtney Mabeus explores how some of the commonwealth’s largest federal contractors and tech companies are developing this maturing technology for uses such as expediting medical diagnoses and providing real-time intelligence to troops on tomorrow’s battlefields. (See related story, “Artificial intelligence gets real”)
In a way not dissimilar to AI’s journey, by 2042 the metaverse may be passé. But to the average business executive outside the tech realm, the concept can seem a bit bewildering here in 2022, even though it’s getting more and more press lately.
Part of the problem is that there doesn’t appear to be any consensus on the meaning of metaverse. Science fiction gives us an idealized concept of it as a three-dimensional virtual world that would replace the internet and social networks. Instead of shopping by scrolling through a page of images, for instance, you’d stroll through a virtual mall, examining 3D wares, trying on clothes or test-driving cars in VR.
Despite the fact that Facebook Inc. changed its name to Meta Platforms Inc., we’re still a long way from living in the Matrix. Facebook’s metaverse vision so far is a VR network called Horizon Worlds that requires a bulky headset and features legless, cartoonish avatars that look more like characters from “The Sims” than real people. Horizon Worlds is also similar to Second Life, a virtual network that launched in 2003. So far, Horizon Worlds’ numbers have been underwhelming, The Wall Street Journal reported, with fewer than 200,000 users as of mid-October — less than the population of Sioux Falls, South Dakota.
Additionally, it’s unlikely that current VR rigs, which can cause motion sickness and neck pain in some users, will become de rigueur in offices and homes — especially considering that Meta’s latest VR headset, the Quest Pro, debuted in October at $1,500 a pop.
That said, as remote work continues to grow, making it possible to employ workers from practically anywhere, the demand for virtual and augmented (or mixed) reality platforms and technologies will grow, and more companies and products will arise to meet those needs.
As with any tech, there will be winners and losers, and some will be more comfortable adopting it than others.
Today, we think of digital natives as younger millennials, Gen Zers and members of Generation Alpha, people who know only a hyperconnected world of the internet and smartphones. But the metaverse will speak to a slightly different skill set.
The people who will be most comfortable navigating 3D interfaces are likely to be video gamers. And before you dismiss that population as nerdy basement dwellers, consider that gaming is a $60 billion industry in the U.S. alone, with more than 215 million Americans actively playing video games, according to the Washington, D.C.-based Entertainment Software Association.
About 48% of gamers are women and girls now. And while most children play video games, more than 70% of all video gamers are over age 18. About 36% of gamers are between ages 18 and 34, and 26% are between ages 36 and 54. The numbers drop dramatically, however, among people ages 55 and older, who could stand to be left behind or at a considerable disadvantage in navigating a vastly different cyberworld than the one we know today. There’s plenty of time yet to deal with that problem, though.
I believe Web3 and future social media and work platforms may well feature 3D environments and mixed reality objects, but I think it’s also possible that the American innovators who will create the best of those haven’t yet joined the workforce.
Confident pronouncements from the Mark Zuckerbergs of the world aside, be skeptical of those who claim the ability to definitively predict the future of the metaverse. And be more so of those spouting empty buzzwords and asking you to invest your money in it.
Technology being developed in a nondescript office building in Reston could change how Army soldiers train for and operate in combat thousands of miles away.
The Army’s Integrated Visual Augmentation System (IVAS) runs on a pair of Microsoft goggles and links to a microsized drone that flies autonomously and collects video analyzed in real time by artificial intelligence algorithms trained to identify threats, like an enemy combatant with an assault rifle coming around a corner, or a vehicle of interest. Detections are sent to a heads-up display within the goggles and are shared across a squad.
“It can all be done at the tactical edge out on the battlefield, using new-edge computing technologies, which basically puts the power of a supercomputer in the soldiers’ hands,” says Rob Albritton, a vice president at Reston-based Octo who heads up the AI Center of Excellence at the federal contractor’s oLabs tech accelerator. Octo has been working on developing AI technology for IVAS since 2020 and is currently working with about 20 government agencies on a variety of other AI projects.
In 2011, IBM’s Watson supercomputer wowed the world, demonstrating the power of artificial intelligence by beating “Jeopardy!” champ Ken Jennings, who still holds the television quiz show’s record for the longest streak of victories. Bowing to defeat, in his response to the match’s final question, Jennings added a “Simpsons”-inspired quip: “I for one welcome our new computer overlords.”
While that sort of doomsday scenario hasn’t occurred, artificial intelligence has matured into a routine — and often unseen — part of our daily lives, moving in recent years from the realm of science fiction to the mundane. From mapping apps on smartphones to technology that helps secure the United States’ borders, AI is performing everything from rote business tasks like scanning health records to helping the Navy search for underwater mines from unmanned surface ships.
And several Virginia-based companies, running the gamut from small tech startups with a few clients to massive Fortune 500 federal contractors, are at the leading edge of AI work.
“AI will enable how … systems navigate, perform their mission, sense the environment and communicate strategic information to stakeholders, which are both people and other systems,” says Duane Fotheringham, president of unmanned systems for Huntington Ingalls Industries Inc.’s mission technologies division. “On the data side, humans alone cannot manage the volumes of time-sensitive data that will be collected and shared by autonomous systems.”
From small to large
Using its cloud-based EarthAI platform and free data from the European Space Agency, Charlottesville-based Astraea Inc. mapped out every rooftop with a white membrane — a waterproof, reflective covering preferred by the solar industry for installation — and matched each with an address and owner or landlord across six counties in Virginia after Astraea was approached by a solar company client for help pinpointing customers.
Though it took Astraea time to build its algorithm, it took EarthAI just five hours to complete the scan. A job that might have taken nearly two dozen employees a year to research was completed in a fraction of the time with up-to-date data, using artificial intelligence, says Astraea co-founder and CEO Brendan Richardson.
Founded in 2016, Astraea has a few dozen enterprise customers, including The Nature Conservancy, which uses EarthAI across multiple areas, including land preservation and carbon sequestration, tracking forest changes in remote areas from logging, road construction, clear-cutting, tree disease and replanting. Astraea expects to double in size to about two dozen employees by the end of the year, with revenue in the “low millions,” Richardson says.
At the other end of the spectrum, Chantilly-based federal contractor Peraton Inc. has a portfolio of about $150 million in contract work related to employing advanced data analytics and AI for customers such as the Department of Defense and the Centers for Medicare and Medicaid Services, says Mark Adams, Peraton’s vice president of technology and engineering. Because of the ubiquity of AI, however, Adams says that $150 million represents only a portion of the company’s AI projects.
“There are a lot of jobs where we’re doing large-scale, enterprise IT and even mission-critical, large-scale cyber and intelligence networks where we’re actually building the underlying infrastructure and secure data management system” using AI, Adams says. And the company is looking into other ways of expanding the use of AI to support its customers.
Adams and others say they expect the use of AI to continue growing, and Virginia companies can expect to grow with it.
In June, Reston-based federal contractor NCI Information Systems Inc. rebranded as Empower AI Inc., taking the name of the AI platform it launched in 2020. Depending on the level of automation desired and the complexity of the task, the platform is adaptable and can be customized to a client’s needs, says Empower AI Chief Technology Officer Allen Badeau.
During a nine-month period this year, Empower AI’s automations saved one federal client, which he declined to name, as much as 13 man-years worth of work by completing up to 7,000 automations a day, including verifying information found in health records.
“When you’ve got health records potentially that are hundreds and, in some cases, even thousands of pages long, to move that kind of information between those systems takes a long time,” Badeau says. “When you can automate that process and automate some of the validation around that, it’s a significant time-saver from a human perspective.”
More than 75% of Empower AI’s revenue now comes from its AI platform, which the company says accounts for more than $1.5 billion worth of work. Empower AI has more than 20 federal customers, a figure Badeau expects will double in the next year.
‘Never get tired, bored or distracted’
Recent developments in the AI field helped pave the way for Falls Church-based General Dynamics Information Technologies Inc., a subsidiary of Reston-based Fortune 500 aerospace and defense contractor General Dynamics Corp., to develop an algorithm that can classify skin lesions, helping medical personnel diagnose skin cancer.
GDIT’s Skin Lesion Classifier prototype won third place and $10,000 in a U.S. Department of Veterans Affairs competition that ran from 2020 to 2021. GDIT has pitched the idea to the VA as a pilot project.
“The ability to take a picture of a skin lesion and quickly help an oncologist decide if it’s a particular kind of a disease, and then whether it’s malignant or benign, really speeds the workflow so that veterans are seen faster and their appointments are escalated if they have dread diseases,” says Dave Vennergrund, GDIT’s vice president of AI and data insights.
Streamlining systems for veterans is also an area that Tifani O’Brien is addressing in her work leading an AI and machine-learningaccelerator at Reston-based federal contractor Leidos Holdings Inc.
As part of two Veterans Benefits Administration contracts awarded this year to a Leidos subsidiary to provide medical disability exam services for veterans and separating service members, Leidos is incorporating AI to screen intake questionnaires for disability claims, using the tech to route patients to the correct physicians with greater speed and accuracy. For the other contract, Leidos is using AI to screen thousands of pages of handwritten medical records, freeing up doctors to focus on the relevant pages they need to make health care decisions for their patients.
The contracts, both of which have six-month base periods and six one-year options, are worth up to $1.7 billion if all options are executed.
“We’re making it faster and more cost-effective to make decisions on what’s the next step in a veteran’s access to services and what they need to do next,” says O’Brien, a Leidos vice president. “Hopefully, that frees up more time to actually spend talking to the veteran and servicing the veteran and interacting with them, as opposed to going through the documentation and bureaucracy and deciding what to do next.”
While Leidos’ medical AI work is more behind the scenes, the company’s AI tech is showcased in a considerably more visible way at airports across the nation. If you’ve gone through an airport security checkpoint recently, chances are you’ve encountered Leidos’ screening machines, including ProVision2, a body scanner, and ClearScan, a luggage scanner. Both products use AI to determine quickly if a passenger or their bags contain prohibited items that checkpoint workers might not be able to identify in a cluttered space.
The AI can pick out objects based on characteristics that a human might not see, explains Ron Keesing, Leidos’ senior vice president for technology integration. “Also, computer-vision algorithms never get tired, bored or distracted,” Keesing says. “In this way, Leidos AI works as a partner to humans, helping them do their jobs more effectively and efficiently.”
Unmanned future
When it comes to AI development, the Pentagon is a focal point for many of Virginia’s largest federal contractors and tech companies. In the race to keep up with adversaries like China and Russia, the Pentagon in 2018 established the Joint AI Center — now known as the Chief Digital and Artificial Intelligence Office — to accelerate delivery of AI national security operations.
In 2020, McLean-based Booz Allen Hamilton Inc. received an $800 million, five-year task order to integrate and develop AI for the warfighter. Booz Allen’s work on that contract, called the Alliant 2 Joint Warfighter Task Order, runs the gamut from data labeling, management and conditioning to AI product development and incorporating the tech into new and existing programs and systems across the Department of Defense.
Booz Allen is the prime contractor on more than 150 AI projects for the federal government, says Eric Syphard, a vice president in Booz Allen’s artificial intelligence engineering practice.
The Fortune 500 company also started a venture capital fund this year to invest in AI companies, helping sharpen its focus on emerging capabilities. In April, Booz Allen announced an investment in San Francisco-based Reveal Technology Inc., which developed a platform, Farsight, for military special operators and squads operating in austere environments. The platform relies on autonomous drones to develop maps, line-of-sight analysis and route planning without the need for network connectivity.
“Imagine being a troop deployed to an area that you’re brand-new in that geography, you want to get a handle on some potential threats, the infrastructure and roads and you want AI to help you plan and recommend which path to take,” Syphard says, adding that the capability is similar to a civilian using a GPS traffic app to determine the fastest route to take during rush hour.
The individual military branches, too, have noted the importance of AI.
In April, HII’smission technologies division, based in McLean, announced the launch of Odyssey, an open-architecture platform that can turn any ship or vehicle on land or in the air into an intelligent, autonomous system. While it’s got a range of possibilities, Odyssey can use sensors to autonomously navigate, and it can be used to automate mechanical or electrical systems and diagnose problems when issues may arise.
“Sometimes we talk about the ‘AI captain’ steering the ship, but there also has to be an ‘AI engineer’ that’s controlling all of the engine-room operation,” says Fotheringham. “Then we also have to make sure that the systems are both reliable and resilient because we all know that things are going to break.”
The technology is already being incorporated into an unmanned, surface-traveling maritime vessel that will be used by the Navy to hunt and sweep for mines. Louisiana-based Bollinger Shipyards in April received a contract worth up to as much as $122 million to build as many as 30 unmanned vessels that will rely on Odyssey during the next five years. HII is also part of a team contracted for work on initial concept design for the Navy’s large, unmanned surface-ship vehicle program.
Fotheringham notes that the Navy has projected that up to 30% of its force structure could be unmanned in the future, and AI will be “the fundamental enabler” of that.
In September, the Army accepted delivery of its first 5,000 IVAS goggles, Bloomberg reported. The service spent $373 million on that order and could pay out as much as $21.9 billion on as many as 121,000 of the devices during the next decade.
While an Octo spokesperson declined to comment on whether that order incorporates the company’s technology, Albritton says the program has far-reaching potential.
“If this program is successful, there’s no doubt in my mind that we’re gonna save lives,” Albritton says. “And being able to bring more soldiers home to their families is really why we do what we do.”
Enabled Intelligence Inc. is investing $1.4 million to expand its Falls Church headquarters, adding 117 jobs, Gov. Glenn Youngkin announced Wednesday.
The company provides data-labeling services to enable artificial intelligence operations. Its expansion will add more than 10,000 square feet of classified and unclassified office space to its location at 6400 Arlington Blvd.
“Accelerating the transition of start-ups is one of my administration’s goals, and the expansion of businesses such as Enabled Intelligence in Fairfax County is key to our economic development strategy,” Youngkin said in a statement. “We are proud to support this homegrown Virginia business and remain committed to fostering a business climate and training a workforce that supports our corporate partners of all sizes.”
Enabled Intelligence was founded in 2020. Its team works with multiple forms of data including satellite imagery, radar, text, speech, audio and video. The company creates training and testing data sets, and builds AI technologies for defense, intelligence, law enforcement, and other federal government missions including classified programs.
“We are excited to expand our operations here in Virginia,” Enabled Intelligence CEO Peter Kant said in a statement. “Our Fairfax County home is close to our federal customers, and we are able to draw on the highly qualified Virginia workforce of high-tech, neurodiverse professionals and military veterans.”
The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to secure the project for Virginia and will support Enabled Intelligence’s job creation through VEDP’s Virginia Jobs Investment Program, according to a news release.
Booz Allen Hamilton Inc. has formed a $100 million corporate venture capital arm, the McLean-based Fortune 500 global management consultancy announced Wednesday.
Named Booz Allen Ventures LLC, the arm will invest in early-stage companies and technologies across four categories: defense, artificial intelligence/machine learning, cybersecurity and deep technology.
“We are proud and excited to continue our work with the best startups to support our U.S. government clients,” Booz Allen Chief Technology Officer Susan Penfield said in a statement. “The ability to navigate bigger, faster technology waves and identify the right emerging technologies for their mission needs, as well as our own, is vital to enabling growth and mission speed.”
Booz Allen Ventures will help the company expand its tech scouting program, sourcing and recommending tech investments focused on mission-specific applications, according to a news release.
Booz Allen employs approximately 29,500 workers globally, with about 10,000 employed in Virginia. For the 12 months ended March 31, Booz Allen reported revenue of $8.4 billion.
Reston-based cyber intelligence firm LookingGlass Cyber Solutions Inc. will acquire Washington, D.C.-based technology consulting firm Next5, the company announced May 11.
As part of the acquisition, Next5 CEO and founder Bryan Ware was named CEO of LookingGlass. He is replacing Gilman Louie as CEO, who has moved to the role of executive chairman, LookingGlass spokesperson Mary Yang said.
Financial terms were not publicly announced. Next5’s 15 Leesburg-based employees will be integrated with LookingGlass’s Reston-based workforce of 95 employees, Yang said.
Before founding Next5, Ware was appointed the assistant director of cybersecurity at the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA), a position he held from January 2020 through November 2020, according to his LinkedIn account. He also served as an assistant secretary at DHS for cyber, infrastructure and resilience, and was a senior adviser to the department’s secretary.
“Under Bryan’s leadership, CISA’s operational partnerships with the private sector, national security community and international partners were significantly enhanced,” Louie said in a statement. “This cross-sector collaboration and engagement is necessary as our government and critical infrastructure face growing cyber threats and increasingly sophisticated threat actors.”
The acquisition complements LookingGlass’ suite of cyber solutions for federal and state governments, critical infrastructure organizations and private and public sector entities. In a statement, Ware said he will “deepen” the company’s investments, including applying artificial intelligence and machine learning to cybersecurity cases.
“Now more than ever, organizations need to understand their risk in the context of emerging technologies, greater supply chain dependencies, and an evolving threat landscape, especially as we face heightened geopolitical competition,” Ware said in a statement. “This is why I’m excited to join LookingGlass. Next5’s expert network and business intelligence services combined with LookingGlass’s innovative technologies only strengthens our ability to support our customers’ critical cyber missions.”
Arlington-based energy storage and digital application company Fluence Energy Inc. announced Monday that it has entered into an agreement to acquire Nispera AG.
Nispera is a Zurich-based artificial intelligence and machine learning-enabled software-as-a-service company that targets the renewable energy sector. It helps clients monitor, analyze, forecast and improve renewable energy assets’ performance and value.
“I am very excited to welcome Nispera, a customer-centric organization that at its core is aligned with our values and mission to transform the way we power the world,” Fluence President and CEO Manuel Perez Dubuc said in a statement. “With this acquisition, we are primed to expand our portfolio of digital products and services for customers around the world. Furthermore, it represents a powerful cross-selling opportunity to offer energy storage products to owners of existing renewable energy assets and portfolios.”
The transaction includes an all-cash buyout provision of approximately $30 million for existing private investors in Nispera. In addition to the cash payment, Fluence will also issue restricted stock to Nispera’s management team that vests over three years for retention purposes.
Nispera will maintain its leadership team and its Zurich headquarters.
The company’s flagship offering is an AI-driven utility-scale asset performance management platform that currently manages 8 gigawatts of assets across 450 wind and solar projects. It also offers applications that Fluence will combine with its own to create a “manage app.” Nispera has a predictive maintenance application, an operations and maintenance application and a portfolio management application, along with an application that provides power generation forecasting services for energy assets.
The company’s software currently collects and analyzes data from wind, solar and hydro assets in addition to external sources in more than 25 countries.
Fluence, which was founded in 2018 as a joint venture of Arlington-based Fortune 500 energy company AES and industrial manufacturer Siemens, announced late last year that the Qatar Investment Authority will invest $125 million in the company, with AES and Siemens retaining approximately 44% shares each of the company. The company launched its initial public offering in October 2021.
Virginia Tech announced Thursday morning that it is partnering with Amazon.com Inc. on an artificial intelligence and machine learning research initiative that will have a presence at both Tech’s Blacksburg campus and its emerging Innovation Campus in Alexandria.
Dubbed the Amazon-Virginia Tech Initiative for Efficient and Robust Machine Learning, the program will include doctoral student fellowships, research projects and community outreach, as well as a shared advisory board. It will be housed at Virginia Tech’s College of Engineering in Blacksburg and at the Sanghani Center for Artificial Intelligence and Data Analytics, which will be in the first building at the Innovation Campus, a $302 million center currently under construction.
“This partnership affirms the value of our connection to Amazon as we scale up project-based learning and research programs in artificial intelligence and machine learning,” Virginia Tech President Tim Sands said in a statement. “Building Virginia Tech’s strength and expertise in these fields will support critical technological advancements and our commitment to fuel workforce development in the commonwealth.”
Virginia Tech played a major role in luring the e-tail giant to Arlington, where it is building its $2.5 billion-plus HQ2 East Coast headquarters, where 25,000 people are expected to be employed by 2030. Tech has started construction of its $1 billion Innovation Campus in Alexandria, just a short distance from HQ2, and the university has pledged to produce about 16,000 more computer science and engineering bachelor’s and master’s degree graduates over the next 20 years.
“We are delighted to collaborate with Virginia Tech in launching this new initiative, which brings together the top talent in our two organizations in a joint mission to achieve groundbreaking advances in robust machine learning,” said Prem Natarajan, Amazon’s vice president of Alexa AI – natural understanding. “The proximity of this initiative to Amazon’s HQ2 will catalyze research efforts that leverage the depth of talent in the Northern Virginia area to address some of the most pressing challenges in AI.”
The Sanghani Center is supported by a $10 million gift from Reston-based Octo Consulting Group CEO Mehul Sanghani and his wife, Hema, who are both Tech graduates. According to the university, graduate and doctoral students, as well as faculty members, will have the opportunity to submit machine learning sponsored research projects for Amazon. Machine learning is a branch of artificial intelligence that focuses on algorithms that can improve performance through experience and the use of data.
Also part of the program will be a group of fellowships awarded to Virginia Tech doctoral students in the engineering school. Each Amazon Fellow will be invited to interview for a paid Amazon internship during the summer after winning the fellowship. Tech also will co-host two annual workshops, as well as training and recruiting events for students, and the partners will establish a collaborative advisory board to provide input for the program’s direction and review research proposals.
“Virginia Tech is growing research and graduate programs in critical disciplines to meet the needs of industry and fuel the tech sector economy across the commonwealth and beyond,” said Julia M. Ross, Tech’s Paul and Dorothea Torgersen Dean of Engineering. “This new partnership with Amazon will fuel ongoing and future investment in research and education in AI-centric fields, and will provide important support for graduate students in these areas. We’re also excited to have engineering faculty and students working alongside industry leaders on these important technological advances and discoveries.”
Manassas-based biological materials management nonprofit American Type Culture Collection (ATCC) announced Tuesday that it won three Defense Threat Reduction Agency grants valued at more than $5.5 million to identify new therapeutic approaches to viruses.
“ATCC is committed to supporting this global health initiative by providing the novel scientific research and development solutions needed to address these high-morbidity and mortality infectious disease outcomes,” ATCC Chairman and CEO Dr. Raymond H. Cypess said in a statement. “Through our new partnership with DTRA, we now have the opportunity to focus on the development of novel machine learning and artificial intelligence models for countermeasure identification that may lead to better vaccine and therapeutic solutions, which are needed to save lives.”
ATCC will work to define new targets for therapeutics, evaluate new and/or Food and Drug Administration-approved candidates for antiviral and anti-inflammatory activities and define infection-associated biomarkers. The information gained will be used to develop AI models of disease and therapeutic effectiveness.
Promising therapies will be tested with organoid models (organ-on-a-chip) and could be a step in the one-drug-many-bugs approach to antiviral product development.
Aarthi Narayanan, ATCC’s director of translational research and technology transfer, will lead the research.
ATCC develops and supplies authenticated cells lines and microorganisms, advanced model systems and custom solutions, supporting research in basic science, drug discovery, translational medicine and public health.
Reston-based software company Clarabridge Inc. is being acquired by Provo, Utah-based data analytics firm Qualtrics International Inc. in a nearly $1.13 billion all-stock deal, the companies announced Thursday.
Clarabridge’s platform uses artificial intelligence to provide conversational analytics — it is able to analyze customer feedback from indirect sources like social media, emails, support calls, chats and product reviews. The platform understands nuances such as effort, emotion and intent and comprehends 23 languages.
“Clarabridge’s ability to help companies discover what their customers are saying about them across unstructured sources and provide meaningful, actionable insights is a perfect complement to the Qualtrics platform,” Clarabridge CEO Mark Bishof said in a statement.
Qualtrics’ platform helps organizations ask customers and employees how they feel, analyze the data and act on the feedback received. Qualtrics calls the data gathered X-data, for experience data: “the beliefs, emotions, and intentions that tell you why things are happening.”
Founded in 2006, Clarabridge’s customers include United Airlines, General Motors Co. and UnitedHealthcare. Qualtrics has more than 13,500 customers, according to a news release.
Qualtrics CEO Zig Serafin said in a statement, “With our acquisition of Clarabridge, we’re accelerating our growth and leadership as the world’s No. 1 experience management company and taking the category we created to an entirely new level.”
Qualtrics will acquire Clarabridge in a fixed number of Qualtrics class A common stock shares with a share price of $37.33. The boards of directors of Qualtrics and Clarabridge have each approved the transaction, which is expected to close Dec. 31.
In 2020, Qualtrics reported total revenues of $763.5 million, up from $591.2 million in 2019. The company was acquired by German software company SAP SE in 2018 and taken public in 2020.
Following its $100 million Series C financing round, Arlington-based supply chain management technology company Interos Inc. has been valued at $1 billion, reaching coveted unicorn status.
Led by CEO Jennifer Bisceglie, Interos is one of 74 female-led unicorns, according to Crunchbase. Worldwide, there are more than 770 unicorn companies.
Interos’ cloud platform uses artificial intelligence to model the ecosystems of businesses, and its customers include Fortune 500 companies, the U.S. Department of Defense and NASA, according to a news release.
NightDragon, a San Francisco-based investment firm focused on the cybersecurity, safety, security and privacy industries, led the financing round. Current investors Kleiner Perkins and Venrock also participated.
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