AI and ML innovations supported by Cybersecurity Investment Fund
COLUMBIA, Md. (March 2, 2022)— TEDCO, Maryland’s economic engine for technology companies, announced today its Seed Funds invested $200,000 in Krydus, a technology start-up based in Crofton, Maryland. TEDCO’s Seed Funds invest in early-stage, technology and life sciences companies and include the Cybersecurity Investment Fund used for the Krydus investment.
Krydus was founded in 2020 to help enterprises accelerate adoption of Artificial Intelligence (AI) and Machine Learning (ML). The company’s proprietary AI solution was created to simplify the data wrangling process, allowing data scientists to minimize time, improve value and reduce risk.
TEDCO’s Seed Funds are invested in companies that show promise of becoming venture fundable companies or are companies that, through a seed investment, will be sustainable through customer revenue, follow-on funding, or other forms of corporate venture.
“Krydus was a good fit for our Cybersecurity Investment Fund, part of our family of Seed funds,” said Jack Miner, TEDCO’s chief investment officer. “We encourage other early-stage Maryland tech and life sciences companies to explore our options and see if one of our Seed Funds is right for them.”
TEDCO provides funding, resources and connections that early-stage technology and life sciences companies need to thrive in Maryland. For entrepreneurs interested in applying for TEDCO investment opportunities, visit https://www.tedcomd.com/funding.