Latest news with #TyrOS
Technical.ly
2 days ago
- Business
- Technical.ly
Defense tech and cyber companies are securing millions across the DC region
The DC region witnessed several large venture capital raises this summer, despite nearby federal unruliness and the presidential takeover of the city this week. Cybersecurity, artificial intelligence and defense technology companies dominated the region's cash flow over the last couple of months, including a $24 million Series A by the AI military logistics software company Rune Technologies in Arlington, Virginia. Data center technology firm Emerald AI also launched with a $24.5 million seed, and cyber firm Virtru in DC raised $50 million and doubled its valuation. Get all the details on the latest money moves below the chart, where we look at the top 10 companies hiring for tech jobs in the DMV, and how that's changed. Arlington defense tech startup closes $24M Series A Rune Technologies, which is developing predictive software for use in battlefields, will put the funds toward expanding its team and building its product TyrOS, cofounder Peter Goldsborough told The majority of Rune Technologies' staff is in the DC area, and the plan is to expand to a workforce of 40 by the end of 2025. Rune Technologies has deployed its software within the US Army and Marine Corps. With the funds, leadership will also look to land new business across the Department of Defense and military services. This round was led by Human Capital with participation from Pax VC and Washington Harbour Partners, plus a list of existing investors. 'We are thrilled and incredibly honored to have the support of some of the top investors in the defense technology sector,' Goldsborough said, 'including Human Capital.' $24.5M for data center energy innovation Emerald AI in DC is developing software to enable data centers to adjust energy consumption depending on how much power is needed. Radical Ventures led the round with participation from NVIDIA's venture capital arm NVentures, AMPLO, CRV and Neotribe. The team will use the funds to develop its product dubbed the Emerald Conductor, founder and CEO Varun Sivaram told 'We're honored to partner with changemakers like Radical Ventures, NVIDIA, and so many more to help America win the AI race,' he said, 'by freeing up the energy needed to support innovation while ensuring the stability and efficiency of the energy needed for everyday Americans.' DC data security firm Virtru nabs $50M This raise doubled the cybersecurity firm's valuation to $500 million. Virtru's platform is used by private sector giants like JPMorgan Chase and Capital One, plus the Department of Defense. The funds will help Virtru expand its customer base in both the private and public sectors. 'This funding strengthens Virtru's position as the leader in data-centric security that extends beyond the perimeter,' CEO and cofounder John Ackerly told 'While many data security vendors focus on discovery and classification, and tagging of data for purposes of preventing data from being lost or stolen — Virtru provides the critical 'last mile' of protection when data is actively shared outside organizational boundaries.' Other DC raises and awards Government technology firms Avenu Insights and Intellectual Technology merged to create a new company in Centreville, Virginia. Neumo will focus on payment software for local, state and federal governments. The firm has a valuation of more than $3 billion, but financial terms were not disclosed. A platform for beauty entrepreneurs called Beauty Mogul International won $5,000 in an accelerator program in Maryland's Prince George's County hosted by M&T Bank. Booz Allen Ventures in McLean, Virginia, invested in the cybersecurity startup Corsha, also in Northern Virginia. The amount was not disclosed. Federal government contractor Organizational Development Resource Group in Arlington landed $3 million from the Empower the Change Fund, a venture funneling investments to underrepresented entrepreneurs. AI cyber compliance startup in Reston, Virginia, launched with $3.6 million in funding. Health tech company One Village in DC brought its total funding to $1.5 million after securing investment from AARP and angel investors. This is an extension of its pre-seed round. DataTribe, a startup foundry in Fulton, Maryland, closed a $41 million fund to invest in cybersecurity startups, the Washington Business Journal reported. Defense space tech company Quantum Space in Rockville, Maryland, secured $40 million in a Series A extension. More from Securities and Exchange Commission filings $3.1 million for NextgenID in Fairfax, Virginia $1.1 million for Webmob in DC $7.1 million for Obviant in Arlington $28.5 million for Medcura in Riverdale, Maryland $1.4 million for Qwerx in Vienna, Virginia $14 million for Nisos Holdings in Arlington $4.5 million for Disaster Technologies in Alexandria, Virginia
Business Wire
21-07-2025
- Business
- Business Wire
Rune Technologies Closes $24M Series A to Deploy AI-Enabled Software for Military Logistics
ARLINGTON, Va.--(BUSINESS WIRE)--Rune Technologies, which is revolutionizing military logistics through AI-enabled predictive software explicitly designed for the modern, contested battlefield, today announced $24 million in Series A funding. The round was led by Human Capital with participation from Pax VC and Washington Harbour Partners, as well as existing investors Andreessen Horowitz, Point72 Ventures, XYZ Venture Capital, and Forward Deployed VC. "Our mission is to bring military logistics sophistication in line with the prowess of our fighting capabilities," said David Tuttle, Co-Founder and CEO of Rune Technologies. "We've seen significant demand from across the services for a product that can replace the whiteboards and spreadsheets that are currently used to track logistics operationally. This investment will allow us to accelerate our deployment of TyrOS to sustainers across the joint force." Rune's TyrOS is built with edge-first architecture that represents a fundamental shift in military logistics technology. Instead of pushing data to distant servers for processing, TyrOS embeds intelligence directly at the tactical level where decisions get made. This bypasses the need for constant connectivity to remote servers and enables systems to operate independently and synchronize when communications are reestablished. "Rune is solving the perennial problem of anticipating, planning and executing military logistics in dynamic, high-tempo and contested environments," explained retired Major General Duane Gamble, former Army G4. "Throughout my 37-year career, military logisticians spent virtually all available time on the science of logistics. TyrOS leverages AI/ML and world-class engineering to do the science, freeing up logisticians and commanders to focus on the art of warfare. It's a game changer." Coming from backgrounds across all branches of the U.S. military, Rune's real-world experience with real-world battlefield conditions grants them a deeper understanding of logistical challenges. By bridging the innovation gap between Silicon Valley and military logistics, Rune deploys engineers alongside warfighters, making code changes based on direct warfighter feedback, at the speed of need. "It's urgent that the Department of Defense keeps modernizing its core systems and software with the best technology available — and that's Rune, automating granular work so logisticians can focus on strategic decisions," says Ross Fubini, Managing Partner at XYZ Venture Capital. "We've invested in Rune twice in just a few months because it's clear they're making huge impact across multiple operational military units, and that this type of transformation is crucial right now." Rune has deployed TyrOS under both U.S. Army and U.S. Marine Corps efforts to date, and will use the increased funding from this round to accelerate these efforts as well as expand into other U.S. military services. The company was also recently selected for the Palantir Startup Fellowship and announced an integration earlier this year with Palantir's Defense OSDK (Ontology Software Development Kit) to enable automated logistics capabilities from the tactical edge to the strategic layer, leveraging open architecture to bring the best capabilities to military logisticians and leaders. This marks Rune's second fundraising round following a seed round announced in February and brings Rune's total funds raised in the past year to over $30 million. About Rune Technologies: Rune Technologies is revolutionizing military logistics through AI-enabled predictive software that operates in contested environments where communications are denied or degraded. Rune's TyrOS platform transforms manual logistics processes into intelligent supply webs that anticipate needs, optimize resources, and enable distributed operations at machine speed—even when supply lines are targeted by near-peer adversaries. Founded by veterans with deep operational experience and Silicon Valley engineering talent, Rune is ensuring military effectiveness through the precise execution of critical logistics operations. For more information, visit
