D.C. tech companies saw a flurry of new funding rounds last week, with several companies bringing in multi-million dollar investments. Funding landed in a variety of industries from edtech to legal tech and more. There was also a big acquisition in the cybersecurity industry. Have we piqued your interest? Keep reading to learn more about what happened in the D.C. tech scene last week. This is the Built In DC weekly refresh.
GridPoint raised $75M from Goldman Sachs. The Reston-based company uses data analytics, intelligent automation and machine learning to help businesses optimize their buildings’ energy usage. The funding will be used for platform development and hiring. [Built In DC]
Ex Parte raised $7.5M. The Bethesda company uses artificial intelligence and machine learning to predict litigation outcomes and make suggestions with 85 percent accuracy to help organizations win cases or settle and save money. The funding led by R8 Capital will be used for new engineering hires and sales and marketing investments. [Built In DC]
DC Tech Quote of the Week
Cybersecurity firm Snyk acquired Maryland-based Fugue. This is Snyk’s fifth acquisition in less than two years. Fugue will bring cloud cybersecurity expertise to the business, allowing Snyk to jump into the market with an existing product built by and for developers. [Technical.ly DC]
Legends of Learning raised $5M. The D.C. company uses gamification to help kindergarten through eighth grade students learn math and science in a fun and engaging way. The round was led by Konroy Ventures with participation from angel investors Fitbit co-founder and CEO James Park, Lightspeed Venture Partners partner Jeremy Liew, Kabam co-founder and former Y Combinator visiting partner Holly Liu, and Crunchyroll co-founder and founding CEO Kun Gao. [Built In DC]
Apkudo has big plans after $14.4M growth funding. The Baltimore-based environmentally conscious device testing platform helps companies manage their smart device inventory across supply chain networks. Above all, Apkudo aims to democratize access to refurbished devices and reduce waste. Its most recent funding round was led by Closed Loop Partners and will be used to double Apkudo’s workforce. [Built In DC]