Grotech Ventures is a venture capital investment firm established in 1984 and based in Owings Mills, Maryland. The firm specializes in investing in high-growth technology companies across various sectors, including technology, cybersecurity, fintech, supply chain, logistics, and software applications. Grotech Ventures initially invests between $500,000 and $5 million in promising startups and reserves additional capital for follow-on investments to support companies through their early and growth stages. The firm emphasizes a collaborative, long-term partnership with entrepreneurs, aligning their definition of success with that of their partners. Grotech Ventures values the ability to contribute meaningfully to a business's development, leveraging the extensive experience, insights, and network it has built over the years.
Apkudo, Inc. is a Baltimore-based company founded in 2010 that provides a comprehensive platform for managing the supply chain of connected devices, including mobile phones, tablets, and wearables. The company's solutions empower operators and original equipment manufacturers (OEMs) to launch Android devices efficiently while optimizing the entire device lifecycle, from pre-launch to end-of-life. Apkudo's platform facilitates the secure exchange of real-time data among various stakeholders, such as mobile network operators and logistics providers, enhancing decision-making and operational processes. By offering automated testing, grading systems, and integrated resale market support, Apkudo enables businesses to maximize the value of their devices through resale, repair, and reuse, ultimately promoting revenue generation and reducing electronic waste.
Apkudo
Venture Round in 2022
Apkudo, Inc. is a Baltimore-based company founded in 2010 that provides a comprehensive platform for managing the supply chain of connected devices, including mobile phones, tablets, and wearables. The company's solutions empower operators and original equipment manufacturers (OEMs) to launch Android devices efficiently while optimizing the entire device lifecycle, from pre-launch to end-of-life. Apkudo's platform facilitates the secure exchange of real-time data among various stakeholders, such as mobile network operators and logistics providers, enhancing decision-making and operational processes. By offering automated testing, grading systems, and integrated resale market support, Apkudo enables businesses to maximize the value of their devices through resale, repair, and reuse, ultimately promoting revenue generation and reducing electronic waste.
Apkudo
Series B in 2020
Apkudo, Inc. is a Baltimore-based company founded in 2010 that provides a comprehensive platform for managing the supply chain of connected devices, including mobile phones, tablets, and wearables. The company's solutions empower operators and original equipment manufacturers (OEMs) to launch Android devices efficiently while optimizing the entire device lifecycle, from pre-launch to end-of-life. Apkudo's platform facilitates the secure exchange of real-time data among various stakeholders, such as mobile network operators and logistics providers, enhancing decision-making and operational processes. By offering automated testing, grading systems, and integrated resale market support, Apkudo enables businesses to maximize the value of their devices through resale, repair, and reuse, ultimately promoting revenue generation and reducing electronic waste.
Cerebro Capital
Seed Round in 2020
Cerebro Capital, Inc. is a company that has developed a web-based portal aimed at middle-market firms seeking to optimize their access to credit facilities for various purposes, including operations, growth, and acquisitions. Founded in 2017 and headquartered in Baltimore, Maryland, the platform aggregates data from over 80 lenders and employs analytics to effectively match financing needs with suitable lenders. It provides a user-friendly interface for interpreting financial data, ensuring that corporate financial teams can efficiently analyze and manage their borrowing options. By focusing on enhancing transparency in the lending process, Cerebro Capital facilitates connections between borrowers and commercial lenders, ultimately streamlining the sourcing of capital and improving the overall efficiency of corporate credit management.
Racktop Systems
Series A in 2019
RackTop Systems, Inc. specializes in designing and developing advanced data center solutions. The company offers a range of products, including BrickStor Iron, an enterprise storage platform known for its scalability and performance; BrickStor Titanium, tailored for private cloud environments; and BrickStor zFLASH, a flash storage solution that provides high input/output operations per second with low latency. Additionally, RackTop develops OSP, which facilitates OpenStack Swift Object storage, and FlexBox, a stackable appliance integrating networking, compute, and storage. The vBox solution simplifies the implementation of virtual desktop infrastructure. RackTop also provides MyRacktop, a secure multi-tenant cloud, alongside enterprise backup and recovery appliances. The company offers consulting services encompassing architecture design, data storage optimization, and IT project management. RackTop serves various sectors, including advertising, banking, education, and government. Founded in 2010 and based in Fulton, Maryland, RackTop is recognized for its innovative data security solutions, notably the BrickStor SP, which employs a Zero Trust model to protect against cyber threats, including ransomware and insider attacks, while aligning with the NIST cybersecurity framework.
TRAFFIQ
Venture Round in 2010
TRAFFIQ is a digital media planning and buying platform established in 2006, with offices located in New York, Virginia, and Columbia, Maryland. The platform serves both advertisers and publishers by offering a self-service management system that enhances efficiency and cost-effectiveness while providing complete control over budgets and campaign management. TRAFFIQ streamlines media planning and buying through a comprehensive suite of tools that facilitate negotiations, centralized ad operations, trafficking, tracking, optimization, reconciliation, and billing, all within its platform. The marketplace offers over 100 billion daily impressions from 2,200 publishers, catering to more than 400 agencies and advertisers. TRAFFIQ operates without upfront costs or hidden fees, charging sellers a fixed commission on ads sold and allowing advertisers to pay solely for media costs. The platform has gained recognition for its innovative approach and was recently ranked #50 on the Inc. 500 list of America's Fastest Growing Companies.
TRAFFIQ
Series B in 2009
TRAFFIQ is a digital media planning and buying platform established in 2006, with offices located in New York, Virginia, and Columbia, Maryland. The platform serves both advertisers and publishers by offering a self-service management system that enhances efficiency and cost-effectiveness while providing complete control over budgets and campaign management. TRAFFIQ streamlines media planning and buying through a comprehensive suite of tools that facilitate negotiations, centralized ad operations, trafficking, tracking, optimization, reconciliation, and billing, all within its platform. The marketplace offers over 100 billion daily impressions from 2,200 publishers, catering to more than 400 agencies and advertisers. TRAFFIQ operates without upfront costs or hidden fees, charging sellers a fixed commission on ads sold and allowing advertisers to pay solely for media costs. The platform has gained recognition for its innovative approach and was recently ranked #50 on the Inc. 500 list of America's Fastest Growing Companies.
iBiquity Digital
Private Equity Round in 2009
IBiquity Digital develops and licenses a digital HD Radio technology for AM and FM audio and data broadcasting in the United States and internationally. Its HD radio technology allows digital radio signals to ride the same airwaves as analog AM and FM radio broadcasts. The company provides a Gigaware Navigation Control HD Radio Receiver accessory and a Gigaware HD Radio application for iPhone and iPod touch users to receive HD Radio FM broadcasts. iBiquity Digital Corporation was formerly known as USA Digital Radio, Inc. The company was founded in 1991 and is based in Columbia, Maryland, with additional offices in Basking Ridge, New Jersey; and Pontiac, Michigan.
iBiquity Digital
Series D in 2008
IBiquity Digital develops and licenses a digital HD Radio technology for AM and FM audio and data broadcasting in the United States and internationally. Its HD radio technology allows digital radio signals to ride the same airwaves as analog AM and FM radio broadcasts. The company provides a Gigaware Navigation Control HD Radio Receiver accessory and a Gigaware HD Radio application for iPhone and iPod touch users to receive HD Radio FM broadcasts. iBiquity Digital Corporation was formerly known as USA Digital Radio, Inc. The company was founded in 1991 and is based in Columbia, Maryland, with additional offices in Basking Ridge, New Jersey; and Pontiac, Michigan.
BroadSoft
Series C in 2004
BroadSoft, Inc. specializes in developing software and services that facilitate hosted cloud-based unified communications for telecommunications service providers. Its offerings include UC-One, a comprehensive communication and collaboration solution that integrates various business functions such as phone services, messaging, audio and video conferencing, and file sharing. Additionally, BroadSoft provides Team-One, a collaboration tool for project organization and file sharing; BroadSoft Hub, which integrates real-time communications with cloud applications; and CC-One, a contact center solution enabling multi-channel interactions with customers. The company serves over 500 telecommunications clients, including 18 of the largest carriers globally, and operates in more than 70 countries. BroadSoft also offers a range of professional support services, including installation, project management, and training. Founded in 1998 and headquartered in Gaithersburg, Maryland, BroadSoft has been a subsidiary of Cisco Systems since February 2018.
BroadSoft
Series C in 2002
BroadSoft, Inc. specializes in developing software and services that facilitate hosted cloud-based unified communications for telecommunications service providers. Its offerings include UC-One, a comprehensive communication and collaboration solution that integrates various business functions such as phone services, messaging, audio and video conferencing, and file sharing. Additionally, BroadSoft provides Team-One, a collaboration tool for project organization and file sharing; BroadSoft Hub, which integrates real-time communications with cloud applications; and CC-One, a contact center solution enabling multi-channel interactions with customers. The company serves over 500 telecommunications clients, including 18 of the largest carriers globally, and operates in more than 70 countries. BroadSoft also offers a range of professional support services, including installation, project management, and training. Founded in 1998 and headquartered in Gaithersburg, Maryland, BroadSoft has been a subsidiary of Cisco Systems since February 2018.
USInternetworking
Venture Round in 1998
USinternetworking, an applications services provider, manages companies' software via the internet. It provides hosted applications via the internet for large companies looking for managed software services. It offers applications from vendors in the areas of enterprise resource planning and customer relationship management (Oracle), spend management (Ariba), messaging and collaboration (Microsoft), and custom developed e-commerce systems. USinternetworking's customers included the State of Maryland's Department of Health and Mental Hygiene, Sunburst Hospitality, and Yankee Candle. The company was acquired by US telecom service giant AT&T in 2006.
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