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MicroStrategy buys $615.7M more bitcoin in December
Tysons-based tech company MicroStrategy and its subsidiaries continued to grow their cryptocurrency cache in December, nearing $8 billion in bitcoin holdings. The company and its subsidiaries purchased about $615.7 million worth of bitcoin — approximately 14,620 coins — in cash from Nov. 30 to Dec. 26, according to MicroStrategy’s Wednesday filing with the U.S. Securities […]
HawkEye 360 acquires RF Solutions
Herndon-based HawkEye 360 has acquired RF Solutions from Westminster, Colorado-based Maxar Intelligence, the satellite analytics company announced last week. Financial details of the transaction were not disclosed. It’s the first acquisition for HawkEye 360 and gives the company ownership of two new satellites, intellectua[...]
Torc hires chief information security officer
Blacksburg-based self-driving truck company Torc Robotics, a subsidiary of Daimler Truck, hired Summer Craze Fowler as chief information security officer, the company announced Tuesday. Fowler joins Torc after serving as senior vice president of cybersecurity and IT at Boston-based driverless vehicle company Motional and leading[...]
U.Va. breaks ground on Manning biotech institute
The University of Virginia began construction Friday on the $350 million Paul and Diane Manning Institute of Biotechnology. Paul and Diane Manning launched the institute with a $100 million donation in January. Paul Manning founded PBM Products, which became the world’s largest privately owned infant formula and baby food [...]
Va. could get $100M+ lithium-ion battery project
A $100 million-plus lithium-ion battery project could be coming to Virginia, the U.S. Department of Energy announced Monday, but a spokesperson for U.S. Sen. Mark Warner said North Carolina could also be in contention. MP Assets will build a facility to manufacture separators for lithium-ion batteries, bringing 282 permanent jobs and at least a $100 […]
HII division to boost intel sharing for Five Eyes alliance
Huntington Ingalls Industries’ McLean-based Mission Technologies division has received a three-year contract to provide information sharing capabilities between the Five Eyes intelligence alliance. Newport News-based HII announced the award Nov. 21; information about the award was not disclosed. The Pegasus contract is administrated by the Secretary of the Air Force’s Concept, Development and Management Mission […][...]
Va. joins collaborative to launch air taxi industry
Virginia has joined seven other states in forming a collaborative to support the growth of the advanced air mobility industry. The Advanced Air Mobility Multistate Collaborative represents all aviation modes, including small uncrewed aircraft systems (sUAS) and electric vertical takeoff and landing vehicles (eVTOL), which are both often referred to as air taxis, as well […]
Electra’s hybrid prototype aircraft takes first flight
This story was updated Dec. 1. A Manassas aircraft manufacturer that’s developing an electric short takeoff and landing (eSTOL) aircraft logged a significant milestone Nov. 19 when it completed its first hybrid-electric flight. Electra’s EL-2 Goldfinch took off from Manassas Regional Airport and flew 23 minutes, reac[...]
Trader Interactive CEO Lori Stacy to retire
Trader Interactive CEO Lori Stacy will retire Dec. 14 and Chief Operating Officer David McMinn will succeed her in leading the Virginia Beach-based online marketplace for boats, recreational vehicles, motorcycles and other niche vehicles. Stacy, who has served as CEO since 2017, will take on the new position of chair of Trader I[...]
Private equity firm completes buy of Herndon’s Exostar
Arlington Capital Partners has completed its acquisition of Herndon-based cybersecurity company Exostar, the Chevy Chase, Maryland-based private equity firm announced Monday. The deal was announced in September, and financial terms were not disclosed. It comes a little more than three years after Exostar was acquired by Chicago-[...]
Va. Beach digital solutions company to add 300+ jobs
Virginia Beach-based Doma Technologies, a software company founded in 2000, will invest $3.7 million to expand in the city, adding about 307 jobs in the next three years and bringing its total to about 500 employees, Gov. Glenn Youngkin announced Thursday. The expansion will include a new 69,000-square-foot facility. Doma is currently located along London […]
Fairfax AI firm acquired by Texas-based tech company
Fairfax-based ARInspect, a firm specializing in artificial intelligence products for public sector field operations, has been acquired by Texas software company Tyler Technologies, the companies announced Tuesday. Tyler declined to disclose the price and terms of the deal. Tyler will add ARInspect’s AI-powered platform to its portfolio and use the Fairfax company’s technology across its […][...]
