###GlobalWonks, an AI-based business intelligence and research firm headquartered in DC, has relaunched with a new investment. Armed with a new $5.5 million funding round led by investor Uzabase with participation from Teneo Ventures and Blu Ventures, GlobalWonks is now called Enquire AI. According to Enquire, the investment will mean a stronger global presence and will more accurately reflect its product's ability to be integrated in software platformzs as an Application Programming Interface. “Enquire.ai is committed to helping companies become knowledge-efficient," said Cenk Sidar, cofounder and CEO in a statement. "This rebrand allows us to unlock the full potential of enterprises and professionals by providing cutting-edge AI-powered technology to leverage both in-house or external expertise."
###Alexandria, Virginia's Black Girl Ventures, which funds Black and brown women-founded businesses, has partnered with Reimagine Main Street, a DC-based initiative for small businesses to create a grant program. The Backing Black Business program, which is also partnered with the US Black Chambers, Walkers Legacy and received financial support from Meta, intends to award $2 million to over 200 women entrepreneurs. The award options are as follows:
- $5,000 to 50 Black women who launched their businesses during the pandemic
- $10,000 to 150 Black women business owners who survived the pandemic and are now focused on growth
- $25,000-$50,000 to seven women whose "businesses demonstrate momentum and strong potential where our backing could help take her vision to the next level."
###Here's who else is getting a few last money moves in for 2021:
- TeraWulf, an Easton, Maryland company that owns clean bitcoin mining facilities, raised $200 million in debt and equity financing from a group of institutional investors.
- Excella, an Arlington, Virginia firm specializing in Agile technology, nabbed a $27 million, five-year task order from the Department of Health and Human Services, Office of the Inspector General. It will be helping to combat fraud, waste and abuse through the order.
- The Demex Group, a DC-based risk advisory firm focused on climate change, raised $9 million in a Series A led by Anthemis Group, Blue Bear Capital and QBE Ventures.
- Inovalon, a developer of cloud-based, data-driven healthcare platform based in Bowie, Maryland, was acquired by an equity consortium of Nordic Capital, Insight Partners, 22C Capital, Inovalon's founder and CEO and selected Class B stockholders for $7.3 billion.
- Revolution's Rise of the Rest Seed Fund, the VC fund from DC's Steve Case, released a report in collaboration with Pitchbook titled “Beyond Silicon Valley" which covers why funding has moved towards city businesses over the past 10 years.
- McLean, Virginia's KeifeRx, a biopharma firm, raised $6 million in a Series A round from new and existing investors.
- Silver Spring, Maryland-based Planetary Systems Corporation, which works in spacecraft system separation, was acquired by California's Rocket Lab USA for $42 million in cash.
- Datasembly, a data analytics firm in Tysons, Virginia, raised $7 million in funding led by Valor Siren Ventures. Additional investors included Craft Ventures, Twenty 5 Twenty, Evan Brown and Launch Capital.
- Modus Create, a digital and product services firm in Reston, Virginia, received a strategic investment from private equity firm JLL Partners to extend its product offerings and expand its global footprint.
- Starchive, a Charlottesville, Virginia asset management platform previously known as Digital ReLab, raised a $4 million seed round led by The Felton Group.
- Information Analysis Incorporated, based in Fairfax, Virginia, raised $9.9 million in equity financing through a private investment in public equity (PIPE) round.
- Virginia Venture Partners invested in Tysons-based LevelFields, which developed an AI technology to search government filings, social media and news articles for stock predictions. The investment was made via the Virginia Founders Fund.
Companies: Black Girl Ventures