Longeviti is focused on providing innovative solutions for complex brain surgeries, with the intention of allowing patients to return to anatomical normalcy while providing innovative functional neurotechnology. The customizable platform helps to enable both the functional requirements of the implant and the reconstructive requirements to be met.
TEDCO announced the successful exit of its portfolio company, Blackpoint Cyber an technology-focused cybersecurity company providing its security ecosystem via managed service providers. Blackpoint received a $190 million growth investment led by Bain Capital Tech Opportunities, with participation from Accel and others.
Hopr, based in Columbia, Md., is a cybersecurity company looking to support businesses by protecting digital operations and data through the use of two software as a service (SaaS) products, the eXtremely Tamper Resistant APIs (XTRA) and the Kerberos for the Cloud (K4C). Designed with the future in mind, these products can offer lower adoption and total ownership costs, faster time-to-value, and more.
Pathotrak, based in College Park, Md., is a business with the mission to create a world with fresher and safer food using cost-efficient innovative technology. This technology will allow the expedition of foodborne pathogen detection, providing companies and producers with faster results, and ultimately shortening what is typically a 22-hour process down to under six hours. This rapid detection process has the potential to decrease food waste, allowing products to be placed on shelves up to an entire day earlier while also reducing the costs of food production—from the costly warehousing and refrigeration processes to the expensive recalls.
CarrTech Corp., based in Frederick, Md., is a business that has created a safer, cost-effective, and more efficient way of administering medication. This device FROG®, allows healthcare workers to take a seven-step process down to a single step. Additionally, the all-in-one packaging allows for a reduction of environmental waste and lowers healthcare costs.
Maryland-based business protecting individuals and businesses from environmental hazards through the use of its innovative sensor technology
Givhero is a mobile-first solution that lets human resources (HR) teams customize, run and measure well-being programs with a social impact, helping to increase employee engagement and advance CSR, ESG and DEI objectives. Employers tap into the power of purpose by supporting community causes employees care about and rewarding healthy behaviors with donations to those charities. Givhero can help increase well-being engagement and reduce HR Admin time for value-driven organizations.
Routespring provides workforce and business travel management for mid-size to large enterprises. It uses a proprietary Large Language Model (LLM) to plan and book travel for industries with real-time travel needs. It counts a major US airline and a private wildfire firefighting organization among its 30+ customers.
Biotech company receives follow-on funding to accelerate ongoing clinical development efforts
TECCO provided SSBCI funding to Novel Microdevices, providing support for the company's mission of providing lab-level accuracy results for diagnostic testing, allowing for faster and more informed patient care.