TEDCO Portfolio Company, TRX Systems, Acquired by ACR Group

TRX Systems delivers Assured Position, Navigation, and Timing Technologies
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HR tech startup Truvelop just raised a $700,000 seed round

CEO Lisa First-Willis said she hopes to double the company's size with hiring in 2022.
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Maryland sees increase in economic benefits thanks to TEDCO

TEDCO, Maryland’s economic engine for technology companies, announced in November the findings of an independent study detailing the impact of TEDCO’s six core programs to the state of Maryland.
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TEDCO 2021 Recap – Successful Initiatives and New Funding Programs

2021 was a phenomenal year for TEDCO (Maryland Technology Development Corporation)! Despite challenges and setbacks due to COVID-19, the venture and equity investment organization pushed boundaries and made phenomenal strides in growth and expansion across the state of Maryland. TEDCO also provided
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Y Combinator alum Astek wants to revolutionize antibiotics

With an $850,000 raise and a cosign from the prominent accelerator, cofounder and CEO Mustafa Al-Adhami is looking toward FDA designation to take on the diagnostics space.
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TEDCO’s Maryland Innovation Initiative launches local university entrepreneurs

Dr. Mustafa Al-Adhami knew the severity of the sepsis problem: 1.7 million Americans are evaluated for sepsis every year, and too many have died while waiting for the correct antibiotic. His solution was to develop a platform to determine antibiotic sensitivity in one hour, giving doctors and
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Truvelop raises $700K to close out seed funding round

Truvelop, a human resources technology company, has raised $700,000 to close out its seed funding round and help fuel its growth plans for 2022. The Baltimore-based startup has now raised a little more than $2 million since being founded in 2019, CEO Lisa First-Willis said. The new funding comes
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TEDCO’s Social Impact Funds support technology startups in Maryland

When James L. Brinkley II first founded his company IPGen in 2019, he was optimistic about raising funds for his patent-focused startup and expected investments within three or four months.
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TEDCO’s Social Impact Funds Fuel Maryland Tech Startups

When James L. Brinkley II first started his company IPGen in 2019, he was optimistic about raising funds for his patent-focused startup, anticipating investments within three or four months. Brinkley had impressive credentials: a law degree, a master of laws degree and legal experience working on
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ETC Announces 2022 AccelerateBaltimore Cohort

BALTIMORE (January 11, 2022) - The ETC (Emerging Technology Center), Baltimore City’s award-winning technology and innovation center, is pleased to announce today that five companies have been selected to participate in the 10th cohort of the region’s first seed-stage accelerator program
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TEDCO’s Maryland Venture Fund Invests $500K in Maryland Technology Start-up

Transformania is a Software as a Service (SaaS) with a data quality solution for Customer Relationship Management (CRM) software
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TEDCO launches Venture Talks video series

TEDCO announced the launch of a new video series, TEDCO Venture Talks, featuring entrepreneurs, investors and tech leaders from across Maryland.
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Leadership Maryland graduates Class of 2021

Leadership Maryland Thursday announced that 49 members of the Class of 2021 have completed the professional development program dedicated to building a better Maryland by harnessing the strength of its local business and community leaders.
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This Baltimore startup wants to bring a retinal scanner headset into your home

Sam Scott knows the value of a retinal scan. The biomedical engineer was diagnosed with a rare neurological disease after a visit to an eye doctor. She calls herself a “scientist-turned-patient.” Now, Scott and her company JuneBrain are working on technology that could one day bring retinal scanning
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Startups to Watch: Five Baltimore-area companies to keep an eye on in 2022

Baltimore is awash in entrepreneurs, incubators and startups — and they always seem to be making news. If you're having trouble keeping track, we've put together a shortlist of five local companies to help. Sure, there will be many more startups that make big news this year, but these five companies
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