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IBM warns AI boom is squeezing software budgets; shares sink in sector rout
IBM warns that ai infrastructure spending is cutting into software budgets, forecasting weaker revenue growth and causing shares to fall sharply.
Arlington cyber warfare startup raises $100M, reaches unicorn status
Twenty Technologies announced that it has raised $100 million in a Series B round and reached unicorn status with a $1 billion valuation.
Cyber leaders urge US to lift curbs on Anthropic’s security models
Cybersecurity leaders including Nvidia and Adobe urge the US to lift restrictions on Anthropic's AI models, citing national security and cybersecurity risks.
Booz Allen acquires Pa. cybersecurity company
McLean-based government contractor Booz Allen Hamilton on Tuesday announced it had acquired Pennsylvania cybersecurity company Defy Security.
HEARD AROUND VIRGINIA: April 2026
Virginia startups including Emerald AI, Forterra, and GenLogs raised over $180 million in funding in 2026 to expand operations and innovate in AI, cybersecurity, and manufacturing.
US banks on high alert for cyberattacks as Iran war escalates
The U.S. financial services industry is on high alert for potential Iran-linked cyberattacks amid rising geopolitical tensions following the killing of Iran's Supreme Leader.
Parsons subsidiary to receive $500M Defense contract
Sealing Technologies received an intent-to-award notification from the U.S. Cyber Command to begin production on Joint Cyber Hunt Kits.
Leidos to lay off 93 workers at Ashburn security operation
Leidos plans to lay off 93 workers at its Ashburn site as U.S. Customs and Border Protection prepares a $100M contract recompete.
Former Intelsat CEO to head Herndon cybersecurity company
Herndon-based cybersecurity company Everfox has appointed former Intelsat CEO Dave Wajsgras as its chairman and CEO.
Booz Allen triples venture capital fund
Booz Allen Hamilton, a Fortune 500 government contractor based in McLean, has tripled its venture capital commitment with the intent to invest in more defense tech companies. Booz Allen announced in 2022 its first commitment of $100 million to 17 companies, including Vienna-based Corsha and Rosslyn-based Shift5. The company’s first VC round focused on deep […]
GDIT wins $285M state cybersecurity contract
General Dynamics Information Technology has been awarded $285 million to strengthen the Virginia government’s cybersecurity infrastructure.
Virginia legislature appoints new automated systems director
The Virginia General Assembly has appointed Fritz Sassine as director of the Division of Legislative Automated Systems, the division that oversees the state's Legislative Information System.
