These 5 D.C. Tech Companies Raised a Combined $284.7M in October

Learn how these local companies are investing last month's largest funding rounds.

Written by Charli Renken
Published on Nov. 02, 2021
These 5 D.C. Tech Companies Raised a Combined $284.7M in October
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With spooky season came some monstrous funding rounds for D.C.’s tech hub. The DMV area’s top five tech deals pulled in a total of $284.7 million for a variety of industries ranging from management platforms to cybersecurity. Read on to learn how these companies are innovating the DMV tech scene. 

 

#5. $9.5 million, October 14

Cloudtamer.io is an all-in-one solution to managing multiple cloud accounts at scale. The platform has tools to automatically enforce rules for all accounts, define and stick to budgets, and prevent and detect non-compliance. It brings all accounts from services like Amazon Web Services, Microsoft Azure and Google Cloud into one, simplified space. Last month, the company closed a $9.5 million Series A funding round co-led by Blue Heron Capital and TDF Ventures. The Fulton, Maryland-based company is actively hiring with plans to scale its sales and marketing operations.

 

#4. $10.2 million, October 7

Pivotal Analytics is hoping to solve the “healthcare desert” problem facing the U.S. through its map-based, strategic analytics platform. The software helps healthcare leaders and planners to better predict care supply and demand in target markets. Pivotal’s latest Series A round will be used to grow the product’s features, enhance its user experience and hire new talent. 

 

#3. $20 million, October 11

Shift5 is a cybersecurity company focused on operational technology in commercial and military transportation systems. The Series A funding round led by 645 Ventures will allow Shift5 to provide enhanced cybersecurity and operational intelligence solutions for military and commercial transportation fleet operators. The fresh funding will also be used to increase hiring, expand its clientele and advance the company’s platform.

 

#2. $45 million, October 27

ShiftMed connects hospitals, assisted living providers and nursing facilities to licensed nurses looking for open shifts. With the new funding, ShiftMed plans to further expand its national footprint and continue to build its suite of products.

 

#1. $200 million, October 28

Dragos is an operational technology (OT) cybersecurity company focused on industrial cyber threats, meaning those that target industries like power and water utilities, energy and manufacturing, among others. The company ended October by raising a record-breaking $200 million Series D round, bringing its valuation to $1.7 billion. Dragos is D.C.’s newest tech unicorn

 

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