who’s getting funded?
Digital Global Systems, based in Germantown, Md., has raised $1.45 million in debt, according to SEC filings. The company develops products for the wireless industry.
Integrata Security, based at the University of Maryland, Baltimore County, is now raising an equity round of $1.6 million, according to SEC filings. The cybersecurity company develops “wireless network intrusion detection services.”
Profectus Biosciences, based in the Holabird Industrial Park, has raised $7.2 million in equity and debt, according to SEC filings.
who’s making moves?
Web and mobile development and gaming agency Mindgrub Technologies‘ move into Baltimore city is imminent. As Technical.ly Baltimore reported, the company is relocating its Catonsville headquarters into a new office in Locust Point, a move that will be completed by May 10.
DreamIt Health Baltimore Demo Day is April 30. The first class of startups in the healthcare- and health IT-startup accelerator will present the products they’ve been working on since January 2014.
For the first time in its 15-year history, the Emerging Technology Center‘s offices in both Highlandtown and Better Waverly are completely rented out, according to community and program manager Jacqueline Albright. Nineteen new startups have leased space with the incubator and coworking space that receives one-third of its annual $2.1 million budget from the City of Baltimore.
AnnoTree, a visual collaboration app for project management developed by Hampden-based Silith.io, is now Vue. “We decided a few months back that AnnoTree had two paths that it go down — analytics or project management,” said cofounder Matt Price. “We did some research and talked to customers and decided to try out the analytics path.” Vue is what Price calls “Google analytics for smartphones.”
Cybersecurity startup Luminal has moved from West Virginia to Frederick, Md., due to a $600,000 investment made by the state through Maryland’s $84 million InvestMaryland fund and administered by the Maryland Venture Fund. “The investment will contribute to Luminal’s efforts to fundraise $3.8 million to grow its engineering staff, continue product development and expand its customer base,” according to MDBizNews, the public relations arm of the Maryland Department of Business and Economic Development.
The state has also invested $100,000 in BioDatomics, a Bethesda-based “bioinformatics analysis software and services” startup.
Edtech startup Alchemy has made a hire, adding Jonathan Wilson as technical cofounder. Wilson was a lead software architect with Northrop Grumman in Linthicum, Md.
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