Kilsar, a Virginia Beach-based company developing a platform for aviation maintenance and training, has successfully closed a $3.7 million seed funding round. The investment was co-led by Lightbank and New York-based Cotulla Holdings, with participation from Techstars and Lithuania’s Scalewolf. This funding marks a significant step forward in Kilsar’s mission to modernize the aviation maintenance […]
Car trouble always seems to show up at the worst time. One minute, a driver is cruising through Lafayette and the next, a warning light flashes, and the vehicle ends up in the shop. Major car repairs, from transmission failure to a worn-out timing belt, might come with a high price tag. The good news […]
Dataprana, Inc. has officially launched its flagship 30MW immersion-cooled data center in La Marque, Texas, marking a pivotal development in the realm of digital asset mining and AI workload infrastructure. The facility, operational since early June, utilizes a modular setup with 30 state-of-the-art immersion mining containers from Intelliflex and Arctic Systems, highlighting a leap towards […]
Rep. Jamie Raskin (D-8th) has emerged as the most prolific fundraiser among Maryland’s congressional delegation, raising more than $2.5 million in the first six months of the year, according to the latest Federal Election Commission reports. This amount is four times what Rep. Andy Harris (R-1st), the second-highest fundraiser in the state, managed to gather, […]
The photograph ‘Mending Fishing Nets (1955)’ by A. Aubrey Bodine offers a glimpse into the commercial bay industries of mid-20th century Maryland, showcasing three men repairing a gill net at Betterton. This image, part of Bodine’s extensive portfolio, underscores his reputation as one of the finest pictorialists of the twentieth century, with his work exhibited […]
AIRO Group, a leader in aerospace and defense technologies, has announced the development of a new middle-mile, medium-lift cargo drone, alongside its expansion into the YMX Innovation Zone in Mirabel, Quebec. This initiative, led by its Electric Air Mobility segment, Jaunt Air Mobility, aims to revolutionize freight transport by offering a low-emission alternative to traditional […]
Asylon, Inc., a pioneer in robotic perimeter security technology, has successfully closed a $24 million Series B funding round. This investment, spearheaded by Insight Partners and supported by Veteran Ventures Capital, Allegion Ventures, and the GO PA Fund, is set to propel Asylon into its next growth phase. The funding will accelerate product innovation, scale […]
Asylon Robotics, a pioneer in robotic perimeter security technology, has successfully closed a $24 million Series B funding round. This investment was led by Insight Partners, with contributions from Veteran Ventures Capital, Allegion Ventures, and the GO PA Fund. The funding is set to propel Asylon into its next growth phase, focusing on product innovation, […]
RegScale, a leading Continuous Controls Monitoring (CCM) platform, has announced a period of unprecedented growth, tripling its Annual Recurring Revenue (ARR) in the past year. This growth is complemented by the company’s recent achievement of FedRAMP High authorization, a pivotal development that facilitates wider adoption among government agencies and regulated industries. The company’s expansion is […]
Lockheed Martin Corp. (NYSE: LMT) witnessed a notable decrease in its share price following the announcement of reduced second-quarter earnings, primarily due to over $1.6 billion in program-related charges. The defense contractor’s revenue for the quarter was $18.2 billion, falling short of analysts’ expectations and only slightly above the $18.1 billion reported in the previous […]