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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.
Virginia aims to boost university startups
Virginia's Lab-to-Launch aims to double university startup spinoffs with a fast-track license and stronger private sector collaboration.
Hampton Roads health care accelerator launches
A new health care accelerator supporting 24 small and growing health care-related businesses in the Hampton Roads area wraps up its 12-week program in August. Developed by nonprofit coworking space Bloom as a program of the Portsmouth Partnership, the Bloom Healthcare Accelerator is helping local entrepreneurs build relationships, scale their operations and navigate the unique […]
