Edtech startup An Estuary receives $100K from TEDCO [Startup Roundup] - Technical.ly Baltimore

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Dec. 4, 2013 8:30 am

Edtech startup An Estuary receives $100K from TEDCO [Startup Roundup]

This is the Startup Roundup. Every Wednesday morning, Technical.ly Baltimore will put together the smaller pieces that make up our startup ecosystem.

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who’s getting funded?

An Estuary, based out of the Emerging Technology Center at Johns Hopkins’ Eastern campus, has raised $100,000 in funding from the Maryland Technology Development Corporation. The edtech startup’s first product is a “social, mobile journaling tool for K-12 teachers” called Sanderling, as Technical.ly Baltimore reported in July.

who’s making moves?

Paul Palmieri, cofounder and CEO of global mobile advertising company Millennial Media, is getting a pay raise from $325,000 to $520,000, reports the Baltimore Business Journal. Millennial Media recently raised $175 million in equity funding, but it lost $4.6 million in Q3 of this year.

The BBJ also reports that nanontechnology company Pixelligent, based in the Holabird Industrial Park, has received a two-year, $1 million grant from the U.S. Department of Energy, which Pixelligent will use “to advance its work in developing a fuel additive that would reduce wear on vehicle engines and fuel consumption.”

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