Attila Security Receives Investment from Maryland Venture Fund

COLUMBIA, MARYLAND, March 9, 2020 – Attila Security, a leading provider of solutions that help governments and enterprise secure access to their networks and data, announced today that it has received an investment from TEDCO’s Maryland Venture Fund (MVF). TEDCO participated in Attila’s seed round, which was led by Fulton, MD-based DataTribe, and has now followed that up with a $750,000 investment by MVF in the company’s Series A round. Additional investors in the company include Bull City Venture Partners and Blu Venture Investors.

“The MVF investment in Attila demonstrates our renewed focus on investing in companies where our dollars can have a meaningful impact on a company’s ability to scale and hire in an industry sector which is critical to Maryland’s long-term economic development. It also represents our ability to continue to fund early-stage companies through their most critical stages – from seed through Series A – alongside a robust network of regional investors,” said Elizabeth Good-Mazhari, interim managing director of the Maryland Venture Fund.

“Security is complicated. Attila Security’s mission is to make it easy by providing organizations and their people with secure ways to stay connected,” said CEO Gregg Smith. “Maryland Venture Fund has been an invaluable partner to us, beginning with TEDCO’s investment in our seed round. Since that time, we have doubled the number of people we employ in Maryland, and we are excited to have their support as we continue to grow our business and team in the
State.”

Founded in 2018 with ten employees, Attila has grown to a team of more than 25 and is making waves with its GoSilent platform, which makes top secret level, secure network connectivity accessible to organizations of any size. DCA Live has named Attila a “Red Hot Cyber” company and the company was recently named a finalist for the Maryland Tech Council’s Emerging Technology Company of the Year award.

About Attila Security
Based in Columbia, MD, Attila helps organizations ensure their networks and data are securely protected. Our focus has been solving and simplifying complex network security challenges since our inception. Attila’s award winning GoSilent technology was originally developed to protect government leadership and enterprises from advanced cyber threats, man in the middle attacks and foreign adversaries.

Today, the Attila platform offers the highest level of network security of any cloud-based environment, protecting data in-motion and at rest. Attila customers can choose to deploy on our global cloud network or leverage our NIAP certified virtual servers to overlay existing networks.


Maryland Venture Fund Authority Public Meeting Notice 3/3/2020

* * PUBLIC MEETING NOTICE * *

Maryland Venture Fund Authority

WHAT: 
The Maryland Technology Development Corporation (TEDCO) will host a meeting of the Maryland Venture Fund Authority.

NOTE:
The Maryland Venture Fund Authority may, in open session, follow the required procedures to go into closed session, which will be limited to matters that are permissibly discussed in closed session under the Maryland Open Meetings Act. For more information, please refer to www.oag.state.md.us/opengov/index.htm.

WHEN:
Tuesday, March 3, 2020

TIME:
2:00 p.m.

WHERE:
TEDCO
7021 Columbia Gateway Drive, Suite 200
Columbia, MD 21046

DIRECTIONS:
Visit https://www.tedcomd.com/contact-us for directions.

 

Media Contact
Tammi Thomas, Vice President for Marketing, TEDCO
tthomas@tedco.md
410-715-4162


Appointments made for the Maryland Venture Fund Authority

TEDCO’s venture fund now open for investing

COLUMBIA, Md. (January 23, 2020)—TEDCO, Maryland’s economic engine for technology companies, announced today that its Maryland Venture Fund Authority (Authority) has been appointed.

Earlier this year, TEDCO announced that it opened a new online application portal to begin accepting applications from Maryland companies. With many application submissions underway and the Authority in place, the organization is now able to commence investing in four of its programs: Rural Business Innovation Initiative, Builder Fund, Seed, and Maryland Venture Fund.

“I would like to thank all of the members of the Authority for taking on this critical role,” said Governor Larry Hogan. “The new Authority members will provide valuable perspectives as TEDCO continues to enhance Maryland’s innovation ecosystem and stimulates its economy.”

The Authority consists of nine members, seven members appointed by the Governor with the advice and consent of the Senate; one member appointed by the President of the Senate; and one member appointed by the Speaker of the House.

“We are pleased to welcome our new MVF Authority members,” said Linda Singh, TEDCO’s interim CEO. “They join at an exciting time for TEDCO as we continue to drive innovation to market and help to build strong companies in Maryland.”

In accordance with the statutory requirements, these individuals must be residents of the State with varying attributes—experience working for a company raising investment capital, working in higher education research and development and technology transfer projects, owning a small business, or be residing in a rural county.

The nine appointed Authority members are:

  • Brian P. Darmody
  • Aaron Eidelman, Esq.
  • Grace Garry
  • Eileen O’Rourke
  • Ann E. Quinn
  • Michael Murray Thielke
  • Michael S. Tumbarello
  • Renee M. Winsky
  • David W. Wise

For more information about the Authority and to access the applications for these TEDCO investment funds, please visit www.tedcomd.com.

 

Media Contact
Tammi Thomas, Vice President for Marketing, TEDCO
tthomas@tedco.md
410-715-4162


Maryland Military Leader and Global Management Consulting Executive Linda Singh Joins TEDCO

As TEDCO Expands Its Executive Search 

COLUMBIA, Md. (January 8, 2020)—TEDCO, Maryland’s investment engine for start-up technology and life science companies, today announced retired Major General Linda Singh as its interim Executive Director/Chief Executive Officer (ED/CEO) effective January 2, 2020.

Linda’s appointment comes at a critical juncture as TEDCO emerges from its moratorium on investments in key programs.

“We’ve made meaningful progress toward merging State and organizational priorities over the past several months and are excited to have identified a seasoned leader to build on this momentum,” stated Myra Norton, TEDCO Chair of the Board and President of Arena.  “Linda has a strong leadership track record in private industry and government. This, combined with her personal leadership style makes her uniquely qualified to lead TEDCO successfully during this transition period.”

In her immediate past role, Linda was a senior advisor to Governor Larry Hogan and a member of his cabinet. As Adjutant General, she was responsible for the daily operations of the Maryland Military Department, which included the Maryland Army National Guard, Maryland Air National Guard, Maryland Emergency Management Agency, and Maryland Defense Force. Linda oversaw the readiness, administration, and training of more than 6,700 members of the Military Department with an annual budget of more than $314 million. Her career included staff and command assignments at every level, including deployments in Kosovo and a combat tour in Afghanistan.

Linda also served more than 20 years at Accenture and retired as Managing Director from the firm’s Health and Public Service North America operating unit. Her responsibilities included managing all operational activities to include the financials, strategic business plans, program delivery and quality programs, human resource management, business approvals, internal controls and sales activities for a budget that exceeded $3 billion dollars. She managed a global team in order to leverage capabilities from Accenture’s global public service business as well as external partnering relationships. She previously served as the Commercial Director for the Public Safety Portfolio, the account lead for the Veterans Affairs and the account lead for the Army.

Linda grew up in Frederick County, Md., and is a long-time resident of Prince George’s County.

“Leadership and innovation is crucial for value creation and economic growth. I see TEDCO as a critical contributor to Maryland’s economic ecosystem and serving as the Interim ED/CEO is truly an honor,” stated Singh. “I look forward to working with a dedicated TEDCO team to lead Maryland’s innovation to market while the Board carefully evaluates a new leader for this tremendous economic growth engine.”

Stephen Auvil will return to his role as Executive Vice President of Operations and Programs.  He served as acting executive director for five months. Linda will assume day-to-day leadership of TEDCO.

As the Board’s executive search continues, Korn Ferry has been selected to assist the organization with a national search for the selection of a permanent ED/CEO.

“Korn Ferry has an impressive track record of attracting and placing highly qualified, diverse leaders with public/private organizations like TEDCO,” stated Myra Norton, TEDCO Chair of the Board and President of Arena.”

Recognized as the number one executive search firm in the U.S. and worldwide according to Hunt-Scanlon Corporation’s annual analysis, Korn Ferry was also ranked as America’s best executive recruiter by Forbes in 2017, 2018, and 2019.

This is a critically important hire for TEDCO as the new ED/CEO must demonstrate a genuine enthusiasm for balancing the interests of the public and private sectors in innovative and cohesive ways that stimulate the regional economy.

Media Contact
Tammi Thomas, Vice President for Marketing, TEDCO
tthomas@tedco.md
410-715-4162


Accomplished Women Entrepreneurs Take the Helm of TEDCO’s Board of Directors

COLUMBIA, Md. (August 14, 2019) – The Maryland Technology Development Corporation (TEDCO), Maryland’s economic engine for technology companies, announced today that its board of directors elected four new Executive Officers at its annual election.

“Providing the right tools and resources to Maryland’s entrepreneurs is vital to strengthening our workforce and ensuring that our state is open for business,” said Governor Larry Hogan. “I would like to congratulate the new executive officers of TEDCO as they work to guide Maryland’s growing number of innovators, entrepreneurs, and start-up companies to achieve even greater successes.”

Three of the four executive officers are women. The new TEDCO elected officials are:

  • Chair – Myra Norton, President and COO, Arena
  • Vice Chair – Tina Williams-Koroma, President, TCecure
  • Treasurer – Robert Lord, Co-Founder and President, Protenus
  • Secretary – Jennifer Elisseeff, Professor, Johns Hopkins School of Medicine

The Board appointed Stephen Auvil as TEDCO’s acting executive director effective August 1, 2019. Auvil, who served as TEDCO’s Executive Vice President, has been with the organization since 2010.  Before joining TEDCO, Auvil served as the assistant vice president for research at the University of Maryland Baltimore County (UMBC); he also worked as an assistant director in the Office of Technology Licensing at the Johns Hopkins University School of Medicine where he evaluated inventions and negotiated license agreements for a variety of technologies. He has a bachelor’s in Biology and Engineering Science from Loyola College in Maryland, earned an MBA from the University of Baltimore, and master’s in Biotechnology from the Johns Hopkins University.

“Stephen has been with TEDCO for almost nine years, and we are fortunate to have his leadership,” said Myra Norton, chair of TEDCO’s Board of Directors, president and chief operating officer of Arena. “I am also grateful to have Tina, Robert, Jennifer and all of the other talented board members, dedicated to strengthening Maryland’s entrepreneurial community. As a board, we are focused on supporting and augmenting the strong team at TEDCO so that the organization can continue to ignite economic development and remain the go-to hub of Maryland’s innovation ecosystem.”

TEDCO is managed by a 15-member Board of Directors, 14 of whom are appointed by the Governor to staggered 4-year terms. The 15th member is the Secretary of Commerce, who serves ex officio.  Each member is confirmed by the Senate.

“We welcome the new innovative members and elected executive officers,” said Auvil. “This group embodies the spirit of community and brings talent, energy and expertise to the table. These thought leaders will help to foster TEDCO’s mission to build great companies that stay and grow in Maryland.”

TEDCO’s full board of directors are: Chair, Myra Norton, Arena; Vice Chair, Tina Williams-Koroma, TCecure; Treasurer, Robert Lord, Protenus; Secretary, Jennifer Elisseeff, Johns Hopkins School of Medicine; Paul Ausley, Ausley Associates; Luke Cooper, Fixt; Ray Hoy, Wor-Wic Community College; Chuck Knudsen, T. Rowe Price; Matthew Lee, FASTech; Omar Muhammad, Morgan State University; Kelly Schulz, Maryland Department of Commerce; John Shetrone, Vision Technologies; Amita Shukla, Vitamita; and Francis Smyth, Century Engineering.

 

Media Contact
Tammi Thomas, Vice President for Marketing, TEDCO
tthomas@tedco.md
410-715-4162


Personal Genome Diagnostics CE Marks Liquid Biopsy Test

Personal Genome Diagnostics Inc. (PGDx), a leader in cancer genomics, today announced that it has applied the CE mark to PGDx elio™ plasma resolve. It is the first kitted plasma-based NGS oncology test to have that certification, enabling greater access to genomic testing for cancer patients in Europe.

PGDx elio™ plasma resolve is a qualitative in vitro diagnostic test that uses targeted high throughput, parallel-sequencing technology to detect single nucleotide variants (SNVs), small insertion/deletions (indels), amplifications, rearrangements, and microsatellite instability (MSI) in a broad multi-gene panel in circulating cell-free DNA (cfDNA) isolated from plasma samples. It encompasses several clinically actionable variants across tumor types, enabling more informed treatment decisions.

“We are extremely proud of this important milestone,” said Doug Ward, Chief Executive Officer. “Our vision is to improve clinical insight, speed of results, and health economics by delivering a portfolio of regulated tissue-based and liquid biopsy genomic products to laboratories worldwide. The CE mark of PGDx elio™ plasma resolve allows us to bring this product to Europe, providing greater access to patients who could benefit from genomic testing, particularly those who cannot provide tissue samples.”

Read more here.


Veradigm™ Strengthens its Health Plan and Analytics Solutions by Finalizing Partnership with Pulse8

Veradigm™, an Allscripts (NASDAQ:MDRX), business unit, announced today that it has strengthened its strategic relationship with Pulse8, a leader in healthcare analytics and technology company.

Pulse8 is the first, and only with a patent pending, healthcare analytics and technology company delivering a complete enterprise platform to provide visibility into the efficacy of Risk Adjustment, Quality Improvement, and Pharmacy Management programs. Pulse8 enables both health plans and at-risk providers to achieve precise risk and quality scores in the Medicare Advantage, Managed Medicaid, and ACA Commercial markets as well as with Value-Based Payment models for Medicare. Pulse8’s Illumin8™ Active Intelligence™ platform offers a suite of uniquely pragmatic solutions that are powered by patent-pending Dynamic Intervention Planning to deliver cost-effective and appropriate interventions for closing gaps in documentation, coding, and quality.

Pulse8 strengthens Veradigm’s existing health plan product suite that delivers tools and services to help control costs while optimizing health outcomes for health plan members. The newly combined offering of clinical data exchange solutions, cutting-edge analytics, and point-of-care engagement tools supports Veradigm’s commitment to health plans and health care providers in their drive towards quality outcomes while maximizing return on investment.

“The type of analytics, technology capabilities, and market knowledge that Pulse8 brings to our team complements and strengthens Veradigm’s existing health plan portfolio. John Criswell, CEO, Pulse8, will be responsible for leading our combined efforts,” said Tom Langan, CEO of Veradigm. “The move reflects our strategy to extend and enhance existing solutions in bold new ways to improve healthcare quality, risk score accuracy, and healthcare cost reduction.”

Read more here.


RackTop Systems Secures $15 Million in Series A Funding

Leading provider of a secure, high-performance Network-Attached Storage (NAS) platform continues aggressive growth, helping federal and commercial organizations solve their most difficult data, cyber security and compliance challenges RackTop Systems, the pioneer of CyberConverged [TM] data security, a new market that fuses data storage with advanced security and compliance into a single platform, today announced it has closed $15 million in Series A funding. The financing was led by Razor’s Edge Ventures and Grotech Ventures with participation from Maryland Venture Fund, Blu Venture Investors and Gula Tech Adventures.

The Series A funding round will enable RackTop to accelerate near-term sales channel and product development expansion. RackTop’s secure, high-performance Network-Attached Storage (NAS) platform with embedded access controls, encryption and compliance has been proven to optimize business operations, improve productivity, reduce cost and strengthen security. RackTop’s technology has been deployed worldwide to manage more than 50 petabytes of customer data in a variety of industries including: the public sector; media, advertising and entertainment; financial services; health care; and life sciences.

Read more here.


Executive Spotlight—CEO Farzad Mostashari says Aledade supports the doctors ‘doing God’s work’

Farzad Mostashari, M.D., is back near the frontlines of medicine.

After spending a chunk of his career creating policy in Washington, D.C., Mostashari is now running Aledade, the company he co-founded in 2014 to help independent physician practices transition to value-based models.

It’s work he believes in. And it’s not so much being a physician that helps him understand what practices face.

“To me, it’s more our spirit of service of going and seeing that the primary care doctors in rural Arkansas are just doing God’s work,” he said. “They know their patients. They are so connected to their communities. It’s just humbling to be able to support them. I think that’s the key thing—having the spirit of humility and service rather than a [medical] degree.”

Aledade is helping practices stay independent by bringing them together into accountable care organizations (ACOs). Mostashari thinks it’s a model that can help solve some of the healthcare system’s biggest problems by improving the quality of patient care and reducing costs.

Read more here.


On-Demand Home Renovation Leader Curbio Inc. Continues National Expansion with Houston Launch

Curbio Inc., the pre-sale home renovation specialist that’s rapidly expanding from coast-to-coast, has commenced operations in Houston. Headquartered in Maryland, the company’s other markets include Washington, Baltimore, Philadelphia, and Dallas. Service will be rolled out in Atlanta, Phoenix, and Los Angeles over the next three months.

Curbio uses an array of technology and unique processes to deliver on-demand pre-sale home renovation to realtors and their sellers. Innovations such as same-day estimates, real-time video updates, and virtual walkthroughs enable the company to complete projects faster than traditional home improvement companies, resulting in quicker sales and greater proceeds for sellers. Curbio’s one-of-a-kind “renovate now, pay when you sell” financial model defers payment for renovations until the home is sold, with no deposit or finance charges, and no deadline to sell the home and pay for the work.

Read more here.