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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 […]
The elevator pitch
Virginia’s startup scene is rich with new businesses as diverse as the regions of the commonwealth. Virginia Business asked startups to send us their best pitches for what makes their businesses innovative, and we’ve spotlighted some of our favorites. AGRICISION Sedley Co-founders: Diana and Ken Warren Founded: 2019 Capital raised: $110,000 Employees: 2 full-time, 4 […]
From seed to success
On an early morning in summer 2021, a small group of engineers and drone operators gathered at Lake Elsinore in California to see if their machines would fly as designed. With newly incorporated sensor technology, it was the first time the founders of Leesburg-based Flying Ship Co. attempted to fly one of their autonomous vehicles […]
VIPC launches $100M fund partnership for Va. startups
The Virginia Innovation Partnership Corp. is partnering with seven venture capital fund managers to invest $100 million in 100 Virginia-based startups. Through the partnership, announced Monday by Gov. Glenn Youngkin and named Virginia Invests, VIPC will commit $40 million to the seven funds using previously awarded funding from the U.S. Treasury Department’s State Small Business […]
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 […]
