Who’s Getting Funded?
Theranostics Health, based in Rockville, has raised $1.05 million in debt, according to SEC filings. The biotech company provides “protein-based discovery and translational research services to drug development companies,” according to its website.
The Maryland Technology Development Corporation (TEDCO) has invested $1.1 million in 14 startups since September 2012, as Technically Baltimore reported Tuesday.
who’s making moves?
Cisco Systems announced its acquisition of Columbia-based cybersecurity firm Sourcefire for $2.7 billion in cash, reported the Baltimore Business Journal. Sourcefire, founded in 2001, completed its IPO in 2007. In 2012, it reported a profit of $5 million. According to the BBJ, no layoffs are expected at Sourcefire.
Venture for America, the national nonprofit that places recent college graduates in two-year commitments with startups in eight cities across the U.S., recruited seven fellows to work at Baltimore city startups starting next month.-30-
Inner Harbor-based PathSensors is developing technology to test air and surfaces for coronavirus
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