The first week of November was a big one for M&A deals with three DMV companies announcing acquisitions. D.C. tech companies also saw a number of big funding rounds as well as a rebrand. Read on for the latest news. This is the Built In DC weekly refresh.
Dragos became a tech unicorn. After bagging D.C.’s largest funding round in its field at $200 million, the operational tech (OT) cybersecurity company joined the coveted unicorn club. Dragos valuation, now at $1.7 billion, is also the highest achieved by any OT cybersecurity company. The company’s platform offers asset visibility, vulnerability management, threat detection, collective defense and investigation capabilities all in one easy-to-navigate portal. [Built In DC]
Axios valued at $430M. The valuation comes after a Series D funding round led by Cox Enterprises Inc. for an undisclosed amount. The new funding and valuation means digital media company Axios can continue to grow independently instead of selling to a major publishing conglomerate. [Built In DC]
ManTech acquired Gryphon Technologies. The systems engineering firm was bought from AE Industrial Partners for $350 million. D.C.-based Gryphon Technologies offers a number of advanced digital and systems engineering capabilities for U.S. Department of Defense agencies. The acquisition adds more than 1,500 employees to the ManTech team and will expand the company’s footprint and offerings. [Globe Newswire]
D.C. Tech Quote of the Week
Cloudtamer.io rebranded as Kion. In addition to the rebrand, the cloud enablement solution provider announced a number of updates to its new system Kion 3.0. New features and user enhancements will take the product beyond baseline cloud governance and management, allowing organizations to expand and accelerate cloud capabilities. Kion is actively hiring for roles in sales, marketing and engineering. [Built In DC]
Arcadia acquired iSolar. The acquisition will bring iSolar’s direct sales channel to Arcadia, allowing the company to reach a larger customer base. Arcadia is dedicated to bringing solar energy to the two-thirds of Americans who aren’t able to install rooftop panels on their own homes either because of the upfront cost or because they rent the property. [Built In DC]
ICF acquired ESAC. ICF is a global consulting and digital services provider with over 50 years of experience. Its acquisition of Enterprise Science and Computing (ESAC) will expand the company’s federal healthtech solutions. Terms of the acquisition were not disclosed. [Built In DC]