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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 […]
HEARD AROUND VIRGINIA: January 2026
Antithesis, a rapidly growing Vienna company, announced in December 2025 that it raised $100 million in a Series A round led by global investment firm Jane Street, one of its largest customers, bringing total funding to $177 million. Founded by former Apple engineers Will Wilson and Dave Scherer in 2018, the company will use the […]
Electra launches defense business unit
Manassas-based aviation startup Electra.aero on Wednesday announced that it has launched a new defense business unit.
Sterling drone startup joins unicorn ranks
Heven AeroTech, a Sterling-based developer of hydrogen-powered UAS, has reached unicorn status with a $100 million Series B funding raise.
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.
HEARD AROUND VIRGINIA: December 2025
McLean government tech contractor BigBear.ai announced in early November it has entered into a definitive agreement to acquire Warren County startup Ask Sage for $250 million. Ask Sage is a fast-growing, secure generative artificial intelligence platform tailored for defense and national security. BigBear.ai expects the acquisition to close in the late fourth quarter of 2025 […]
U.Va. Wise helps founders build community, confidence
U.Va. Wise is fueling Southwest Virginia’s startup scene through its Hatch Accelerator and CO.STARTERS programs for local founders.
Electra expands Manassas headquarters
Manassas-based aviation startup Electra.aero on Tuesday announced it was expanding its headquarters in Virginia.
Arlington drone software firm raises $130M in Series B funding
Auterion, an Arlington-based provider of drone software, announced it has raised $130 million in a Series B funding round.
Peninsula businesses to get capital boost
Small and midsize businesses in distressed and underserved areas of Hampton and Newport News will be able to access economic support through a new $50 million low-interest business loan program. Launched in June by the nonprofit Greater Peninsula C.A.R.E.S. Foundation, the Peninsula Cooperative Fund is designed to close funding gaps and boost minority-owned businesses. PCF […]
Activation Capital taps new CEO
Richmond tech incubator and accelerator Activation Capital announced Tuesday that it has appointed Michael Steele as president and CEO.
Luminoah wins Virginia Startup World Cup
Charlottesville-based medical technology company Luminoah won first place at the Virginia Startup World Cup.
