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Growth skyrockets for Virginia govcon startups
Government contracting startups in NoVa are seeing increased investment and doing business with both the government and commercial sectors.
Space analytics firm HawkEye valued at $3.15 billion after NYSE debut
HawkEye 360 raised $416 million in its IPO, achieving a $3.15 billion valuation and reflecting strong investor demand for defense-tech in herndon, Virginia.
Northern Virginia focuses on strengths amid federal cuts
Northern Virginia's economy adapts to federal job cuts in 2025 by expanding defense tech, aerospace, AI, and data centers across Alexandria, Arlington, Fairfax, Loudoun, and Prince William.
GRVTY to invest $8M in Tysons HQ, creating 200 jobs
Arlington County-based defense technology company GRVTY plans to invest $8 million to open a new headquarters in Tysons and hire 200 workers
Arlington defense tech firm reaches unicorn status
Govini, an Arlington County defense tech contractor, has joined the unicorn ranks with a $1.25 billion valuation.
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 […]
Reston software firm boosted by $60M investment
Raft, a Reston-based software engineering firm and government contractor, has received a $60 million investment from Washington Harbour Partners, a Washington, D.C.-based private investment firm. Founded in 2018, Raft will use the funds to “intensify its research and development efforts, significantly enhancing its command and control (C2) product offerings for the tactical edge,” acco[...]
