Last week, local tech companies celebrated some big wins. Five innovative companies were recognized as the future of tech in D.C., and other companies announced acquisitions and hiring news. Read on to see what you missed last week in the D.C. tech scene. This is the Built In DC weekly refresh.
The inaugural Built In DC Future 5 was announced. Every quarter we round up five of the most promising young companies innovating the local tech scene. This quarter, we recognized Agrology, hotglue, Hydrosat, IndyGeneUs and SudShare. These startups span agritech, healthtech, analytics and more, and have big plans for 2022. [Built In DC]
Brivo announced plans to double its workforce. The cloud-based access control and smart building technology company plans to go public via a SPAC merger valued at $808 million. When the deal closes sometime in the first half of the year, it is expected to bring provide Brivo with $304 million. Brivo plans to use the funds generated from its IPO to grow its marketing, sales and engineering teams, some of which will be based in the D.C. area. The company also plans to expand its presence in Europe. [Built In DC]
D.C. Tech Quote of the Week
GetUpside partnered with Lyft. Drivers for the ridesharing app can now earn up to 32 cents per gallon in cashback through GetUpside’s integration with the Lyft drivers app. This partnership follows GetUpside’s similar integration with Uber’s drivers app, allowing Uber drivers to earn up to 25 cents per gallon in cashback. [Built In DC]
CACI acquired ID Technologies. The Reston-based government contractor closed the deal late last month for $225 million, but didn’t announce the news until last week. The acquisition of the enterprise IT company will expand CACI’s secure network modernization capabilities and deliver cloud, network and end-user initiatives to its U.S. government customers. [Business Wire]
Venture 53 launched in Richmond. The new venture capital firm is focused on solving America’s supply chain challenges. According to Venture 53, it is the only early-stage VC firm to specialize solely in transportation and logistics tech companies. The VC firm plans to provide strategic investments to startups focused on fixing supply chain issues caused by the pandemic. [Richmond Inno]