InvestMaryland: $1.1M invested in Maxtena, PathSensors, Bambeco - Technical.ly Baltimore

Nov. 21, 2012 9:30 am

InvestMaryland: $1.1M invested in Maxtena, PathSensors, Bambeco

Three more companies are now the recipients of money from the state InvestMaryland fund, an $84 million pot earmarked specifically for "early-, mid- and late-stage growth companies."

Three more companies are now the recipients of money from the state InvestMaryland fund, an $84 million pot earmarked specifically for “early-, mid- and late-stage growth companies.”

Rockville-based Maxtena, Bambeco, in the Fairfield area south of the Inner Harbor, and PathSensors, in the University of Maryland BioPark, received a total of $1.1 million.

  • Maxtena ($560,000) develops miniature antennae for wireless devices, including satellite phones and military radios.
  • Bambeco ($400,000) is an online retailer of eco-friendly furniture and other home and garden products.
  • PathSensors ($200,000) has created two products that detect pathogens in the air and in food in real-time.

“With a total of $84 million to invest in the State’s best and brightest startups, we are stimulating our economy and creating jobs not just for today, but for generations to come,” said Gov. Martin O’Malley in a statement.

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Andrew Zaleski

Andrew Zaleski is a freelance journalist outside Washington, D.C. He's written for Wired, Backchannel, Popular Science, Fortune, the Washington Post Magazine, the Atlantic and elsewhere.

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