Latest news with #Virtru
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
Yahoo
08-05-2025
- Business
- Yahoo
Virtru Names Wayne Chung as CTO to Drive Next Phase of Innovation and Growth
Virtru expands executive tech talent with former FBI and BlueVoyant CTOWASHINGTON, May 08, 2025 (GLOBE NEWSWIRE) -- Virtru, a leader in data-centric security, today announced Dr. Wayne Chung has joined the company as Chief Technology Officer (CTO), where he will lead technical strategy and execution, partnering with Will Ackerly, Virtru Co-Founder, Chief Architect, and inventor of the Trusted Data Format (TDF), an open standard for data-centric security that is rapidly being adopted by national defense and intelligence agencies around the world. Chung's appointment marks a significant milestone for Virtru as it accelerates the deployment of its Data Security Platform in the national security and commercial markets—while simultaneously growing its 6,000+ customer commercial SaaS business. 'I'm honored to join Virtru at such an exciting moment,' said Chung. 'The team's vision for data-centric security across SaaS, defense, and AI is both bold and timely. Our national institutions need the fine-grained security, control, and simplicity that Virtru provides. I look forward to partnering with this team to scale Virtru's impact and drive greater adoption of data-centric security.' Chung brings an exceptional track record with executive roles across both public and private sectors. At the FBI, he served as CTO, leading cloud migration, cybersecurity modernization, and the development of advanced data analytics, AI and ML capabilities. Chung also previously held the position of Innovator-In-Residence at the NSA's Cybersecurity and Computer Network Operations Mission. He currently serves as a Technical Amicus Curiae to the U.S. Foreign Intelligence Surveillance Courts, and is a Senior Fellow at the Center for National Security and the Law at Georgetown University. In the private sector, Chung has held CTO roles at BlueVoyant and Clara Analytics, where he scaled cutting-edge data security and AI platforms. Ackerly will focus on advancing Virtru's technical architecture and research, continuing to lead innovation efforts surrounding the Trusted Data Format (TDF) and pushing the boundaries of what data-centric solutions can achieve in the era of agentic AI. 'As Virtru continues to deploy software at scale across large federal and commercial organizations, Wayne's unique blend of public and private-sector experience is a valuable asset to our team,' said Ackerly. 'His leadership will help Virtru remain ahead of the curve in enabling secure, data-centric collaboration for both government and enterprise customers.' For more information about Virtru and its Data Security Platform, please visit About Virtru Virtru empowers organizations to unlock the power of data while maintaining control wherever it's stored and shared. Trusted by over 6,000 global customers, Virtru provides simple, powerful solutions for Zero Trust data-centric security, underpinned by the Trusted Data Format (TDF). Learn more at Press Contact Nick Michael A photo accompanying this announcement is available at
