TemperPack Raises $140M, Bandura Cyber Rebrands, and More D.C. Tech News

A look back at last week's biggest D.C. tech news.

Written by Charli Renken
Published on Mar. 28, 2022
TemperPack Raises $140M, Bandura Cyber Rebrands, and More D.C. Tech News
D.C.'s cherry blossom trees bloom during spring
Photo: Shutterstock

As spring arrives, growth news in the D.C. tech scene is certainly heating up as well. Last week we saw several multi-million dollar funding rounds and highlighted D.C.’s fastest growing companies. As we head into the last week of 2022’s first quarter, let’s take a look back. Here’s what you missed last week. This is the Built In DC weekly refresh.

Bandura Cyber rebranded as ThreatBlockr. The Tysons, Virginia-based active defense cybersecurity company keeps bad IP addresses from entering or extracting information from networks. The announcement also came with new funding news. ThreatBlockr raised a $5 million Series A2 addition to its previous Series A funding in 2019 and 2018. [Built In DC]

TemperPack raised $140M from Goldman Sachs. The sustainable thermal insulation packing company plans to use the funds to grow its capacity for protective materials technologies, expand into new geographic markets and grow its customer reach. [Built In DC]

D.C. Tech Quote of the Week

“A typical firewall, even a high end firewall, can only handle about 150,000 third party IP addresses. We can handle 150 million, which is 1000x in real time.” —ThreatBlockr president and CEO Brian McMahon

SES announced plans to acquire Leonardo DRS. SES, a commercial satellite operator, plans to buy Arlington, Virginia-based Leonardo DRS, a satellite communications provider, for $450 million. This investment is expected to accelerate SES’s growth in the defense and government sector. [Space News]

SparkMeter raised $10M. The electrical grid analytics platform helps make microgrids more reliable and efficient by giving utility companies greater insight into grid performance. The company plans to use its new funding to grow and accelerate the retirement of old, dirty diesel generators in favor of cleaner energy sources. [Built In DC]

D.C. was well represented in the 2022 Inc. Mid-Atlantic Regionals list. A spin-off of Inc. magazine’s popular Inc. 5000 list, the Inc. Regionals 2022 ranks privately held companies by region based on their percentage of revenue growth in a two year period. 98 D.C. companies made it onto the list and made up half of the top ten this year for the Mid-Atlantic region. [Built In DC]

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