Cybersecurity company works to defend critical industries
COLUMBIA, Md., (June 10, 2025) — TEDCO, Maryland’s economic engine for technology companies, announced a recent Venture Funds $500,000 investment in TeamWorx Security. TEDCO’s evergreen Venture Funds are dedicated to funding and growing the next generation of early-stage technology and life sciences businesses in Maryland. Through this fund, companies are offered an experienced team that is focused on supporting the entrepreneurial journey.
“In a world where technology is instrumental in our daily lives, it is essential that we create ways to protect sensitive information,” said Chris Anthony, CEO of TeamWorx Security. “With TEDCO’s investment, we will continue our journey towards building AI-enabled solutions to real-world problems.”
TeamWorx Security, located in Columbia, Md., is an innovative company working to defend some of the most critical industries and enterprises. Through its MATRIX Enterprise platform, the organization offers a community-driven platform offering AI-enabled cyber threat information sharing, analysis, collaboration and reporting across industry. The platform currently works with more than 300 organizations across critical infrastructure and federal, state and local governments to combat cyber threats, automate malware analysis and integrate remote cyber teams.
“As stewards of the regional technology and life sciences ecosystem, TEDCO is committed to identifying and investing in companies exemplifying potential to grow into the next generation of visionary businesses,” said Katherine Hill Ritchie, senior director, Venture Funds. “Through TEDCO’s Venture Funds, this commitment ensures we foster a sustainable and competitive ecosystem across Maryland.”
TEDCO’s evergreen Venture Funds are just one of the many investment opportunities available to qualifying technology-focused startups and small businesses across Maryland. For more information, visit our page at tedcomd.com/funding.
“Maryland is the cyber capital of the nation and the demand for cyber talent continues to grow,” said TEDCO CEO, Troy LeMaile-Stovall. “Maryland’s proximity to Washington D.C. and the national security organizations, there are ample opportunities for collaboration, growth and innovation for entrepreneurs in the cybersecurity sector.”