TEDCO is an independent organization established in 1998 and located in Columbia, Maryland. It serves as the leading source of entrepreneurial business assistance and seed funding for the development of startup companies within Maryland's innovation economy. TEDCO focuses on early-stage companies across various sectors, including software, technology, energy equipment, life sciences, and oncology. Its mission is to foster innovation and economic growth in Maryland by supporting the growth of startups and enhancing the state's position in the entrepreneurial landscape.
Managing Director, Entrepreneur and Ecosystem Empowerment
Bill Collier
Director
Jack Miner
Chief Investment Officer
Jean-Luc Park
Senior Director, Social Impact Funds
Katherine Hill Ritchie
CEO
Justin Ferguson
Program Manager, Venture Development
Past deals in Maryland
NanoBioFAB
Pre Seed Round in 2025
Nanobiofab, founded in 2015 and based in Frederick, Maryland, specializes in the development of wearable, smart healthcare and medical devices utilizing nanotechnology for both humans and pets. The company is known for its product, iNose, which enables users to detect, track, and monitor their body's skin vapor-print. This device wirelessly connects to mobile phones to help individuals assess their fat burning rate and evaluate the effectiveness of their exercise routines. Additionally, it provides insights into the effects of dietary choices over time and tracks metabolic rates. Beyond consumer products, Nanobiofab also offers technology and services aimed at accelerating nanomaterial research and development, including nanoprinting solutions and artificial intelligence sensors for telemedicine and personalized healthcare applications.
NextStep Robotics
Seed Round in 2024
NextStep Robotics Inc. is focused on developing innovative solutions for treating foot drop through a robotic device that enhances walking function. Incorporated in 2017 and based in Baltimore, Maryland, the company enables clinics to offer personalized robotic therapy using adaptive software that provides assistance tailored to each patient's needs. This system allows lower-skilled clinic staff to operate the device, thereby freeing up therapists to concentrate on other treatment modalities. As the company collects more data, the software will evolve into an AI-based system that optimizes training protocols for individual patients. The device is classified as a Class 1 Exercise Device, which allows for immediate revenue generation through direct sales, leasing, software subscriptions, and service contracts. This clinically proven approach not only improves patient outcomes but also enables clinics to provide reimbursable therapy for conditions that previously lacked effective treatment options.
Ion Storage Systems
Grant in 2024
ION Storage Systems, LLC specializes in the manufacture of solid-state lithium-ion batteries, targeting industries such as defense, aerospace, consumer electronics, and electric vehicles. Established in 2015 and based in College Park, Maryland, the company focuses on developing batteries that are energy dense and safe for diverse applications. Their innovative solid-state battery technology features a design consisting of two sponges on either side of a thin ceramic separator, utilizing low-cost, non-flammable materials. This approach not only enhances safety but also ensures the batteries are lightweight and compact, making them suitable for various environments and mission-critical needs.
Allegany College of Maryland
Grant in 2024
The main campus of the Allegany College of Maryland rests in Cumberland, off of Willow Brook Road. As the biggest of the school’s three campuses, Cumberland has all of the amenities you may never have expected from a small college. Each building is equipped with the latest modern facilities, making for an up-to-date learning experience. There are also dining areas, a student lounge, and a state of the art physical education building with a gym and swimming pool. Within the list of extensive fields of study are the social, biological and political sciences, criminal justice and criminology, many fields in the humanities, accounting and business programs, automotive and other technical studies, culinary arts, hotel and restaurant management, forest technology, health fields including dental hygiene, physical education, nursing, and pharmacy technician studies, and more. Advice is not something you’ll be lacking at Allegany. The tutoring services can help you through any academic rough patches. Transfer advising can prepare you to go to a four-year college. Career advising counselors can help you pick a major, assess your interests and aptitudes, and help find you a career. Along with federal financial aid and veteran’s benefits, Allegany also offers a catalog full of scholarships from major related aid to local endowments to eligible students.
Hagerstown Community College
Grant in 2024
The faculty and staff at Hagerstown Community College are committed to helping you succeed in your academic and professional pursuits, whatever they may be. Hagerstown Community College, located in Hagerstown, Maryland, is dedicated to making your experience a rewarding and memorable one, whether it be earning your associate’s degree, getting your occupation-specific certificate, or stacking up transferable credits for a move to a four-year university. Hagerstown Community College makes sure that it offers vocational training programs in areas not only of interest to the students, but those in demand by the local communities. Not interested in an occupational certificate? Continuing education programs are available for individuals who need to keep up with changing technologies, whether for personal or professional use. For those looking to earn an associate’s degree, Hagerstown Community College offers an even longer list of degree programs for the academic-minded student. Distance education is available for all students who have a difficult time prioritizing in-classroom instruction. So whether you’re interested in jump-starting your career or earning an associate’s degree, Hagerstown Community College may be a right fit for you.
Minnowtech
Series A in 2024
Minnowtech is an aquaculture technology company based in Baltimore, Maryland, that specializes in providing a software imaging platform designed for shrimp farmers. This platform allows for the non-invasive estimation of shrimp abundance using artificial intelligence and image analysis, enabling farmers to optimize feeding regimes and harvests while minimizing risks to juvenile shrimp. By addressing significant challenges in the aquaculture industry, particularly in assessing shrimp growth and optimal harvest times, Minnowtech enhances the health and productivity of shrimp hatcheries. The company's low-cost technology, supported by a team of marine scientists, aims to improve the livelihoods of aquaculture farmers and contribute to global food security and the sustainability of marine environments.
PediaMetrix
Seed Round in 2023
PediaMetrix Inc. is a company focused on developing innovative digital solutions for pediatric head measurement and monitoring. Founded in 2018 by alumni from Johns Hopkins, NIH, and Oxford, the company is based in Rockville, Maryland. Its primary product, SoftSpot, is a mobile application that leverages artificial intelligence and computer vision to provide accurate measurements of infants' head shapes. This app allows parents to receive personalized repositioning instructions and enables pediatricians to access easy-to-understand data analysis, facilitating timely and effective care. By focusing on early detection and management of head shape abnormalities, PediaMetrix aims to enhance healthcare outcomes and reduce costs associated with pediatric care.
Washington College
Grant in 2023
Washington College, located in Chestertown, Maryland, is one of the oldest liberal arts colleges in the United States, offering a personalized academic experience that emphasizes traditional learning. The college features a low student-faculty ratio, allowing for close interaction between students and faculty. It is renowned for its Starr Center for the Study of American Experience, which fosters collaboration between scholars and students to explore history through innovative methods. The college offers a diverse range of academic programs, including Anthropology, Art History, Black Studies, Clinical Counseling, Drama, Education, Engineering, Humanities, and International Literature. Students have access to on-campus residences and can engage in various academic, recreational, and athletic organizations. Financial aid options, including grants, loans, work-study, and scholarships, are available to support students in their educational pursuits. Additionally, Washington College manages an endowment fund with assets totaling $100 million, which contributes to its financial sustainability and academic offerings.
Morgan State University
Grant in 2023
Initially founded as a private institution in the Methodist tradition, Morgan State University was purchased by the state of Maryland in 1939 to offer more higher education opportunities to its minority constituents. Morgan State University is an HBCU. Morgan State University is located in Baltimore, and offers a wide range of studies for undergraduate and graduate degrees. Graduate studies include a long list of social studies, business and all sciences, while doctoral programs include a list almost as long in areas such as engineering, environmental sciences, public health, and so much more. Morgan State University proudly provides a well-rounded educational experience to all students. The faculty encourage students to get involved on-campus to ensure students are invested in their future. Student programs and support services are available, from organizations to academic and personal counseling. Staff and faculty understand the pressures of academic life, and want to make sure the students are able to deal constructively with those stresses. If you’re interested in a unique institution that values the highest level of education, a well-rounded experience and dedicated faculty, look no further. Call Baltimore your new home and check out Morgan State University.
Makerspace of Annapolis
Grant in 2023
Makerspace of Annapolis offers access to facilities, equipment & knowledge in the fields of robotics, manufacturing, and computer science.
Cerebro Capital
Venture Round in 2023
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.
N5 Sensors
Seed Round in 2023
N5 Sensors, Inc. is a company based in Rockville, Maryland, that specializes in the development and commercialization of advanced chemical sensor technology for multi-room and personal monitoring applications. Founded in 2012, N5 Sensors creates sensors capable of detecting harmful gases such as carbon monoxide and carbon dioxide, as well as other hazardous substances in the air. Their innovative technology utilizes fabrication processes similar to those used in silicon computer chips, resulting in sensors that are compact and highly accurate. These sensors can simultaneously detect multiple gases, providing real-time tracking that supports industrial workers, first responders, and military personnel in assessing environmental hazards effectively through smartphone connectivity.
NanoBioFAB
Pre Seed Round in 2023
Nanobiofab, founded in 2015 and based in Frederick, Maryland, specializes in the development of wearable, smart healthcare and medical devices utilizing nanotechnology for both humans and pets. The company is known for its product, iNose, which enables users to detect, track, and monitor their body's skin vapor-print. This device wirelessly connects to mobile phones to help individuals assess their fat burning rate and evaluate the effectiveness of their exercise routines. Additionally, it provides insights into the effects of dietary choices over time and tracks metabolic rates. Beyond consumer products, Nanobiofab also offers technology and services aimed at accelerating nanomaterial research and development, including nanoprinting solutions and artificial intelligence sensors for telemedicine and personalized healthcare applications.
Previse
Seed Round in 2023
Capsulomics, LLC is a biotechnology company focused on developing and manufacturing DNA tests for the early detection of upper gastrointestinal (GI) cancers, particularly esophageal cancer and its precancerous condition, Barrett’s esophagus. Founded in 2018 and based in Halethorpe, Maryland, Capsulomics aims to address the diagnostic and prognostic uncertainties associated with GI diseases. By providing advanced diagnostic solutions, the company enables healthcare professionals to prevent, detect, and treat these conditions more effectively, ultimately enhancing patient outcomes.
Gmork Tech
Non Equity Assistance in 2023
Gmork Tech is a small team of dedicated electrical engineers, software engineers, and business automation specialists based in Hagerstown, Maryland. Their team's prime objective is to provide you and your company with the resources you need to succeed. To that end, we are constantly developing and maintaining new industrial automation solutions, mass communication systems, and web technologies of the future.
Datalytica
Non Equity Assistance in 2023
Dataytica is a Maryland-based Limited Liability Corporation that is owned by a service-disabled veteran. They were founded in 2018 with the goal of providing specialized, expert consultation services in Artificial Intelligence, Machine Learning, and Data Analytics. Our portfolio is expanding to include cyber security solution operations and capability development.
Marinalife
Series A in 2023
Marinalife, LLC, established in 2000 and based in Baltimore, Maryland, specializes in marina information and cruising concierge services. The company provides a range of offerings designed for all types of boaters, including detailed marina information, boat slip reservations, and travel resources such as trip itineraries and destination guides. The Marinalife Cruising Club membership enhances the boating experience by granting access to these resources, making boating adventures more manageable. Additionally, Marinalife publishes a quarterly magazine that features entertaining and informative articles on various topics, including travel destinations, marina highlights, cruising stories, and tips for boat captains. Marinalife operates as a subsidiary of Snag A Slip, LLC, and aims to centralize and streamline the boating experience for its members.
Warrior Centric Health
Venture Round in 2022
Warrior Centric Health LLC is dedicated to providing comprehensive healthcare services tailored specifically for veterans and their families. Founded in 2008 and based in Ellicott City, Maryland, the company focuses on enhancing long-term health outcomes through a range of offerings, including hospital recognition solutions, cultural and clinical training, and community outreach tools. It supports healthcare facilities in delivering optimal care to diverse patient populations whose unique needs are often overlooked. By leveraging a proprietary dual-use population health management platform, Warrior Centric Health addresses socio-cultural determinants of health, offering training, information management, and credentialing services to health systems. Additionally, the company assists medical personnel in navigating health conditions related to burn pits used by veterans, ultimately aiming to improve the overall well-being of the warrior community and their families.
Datakwip
Venture Round in 2022
Datakwip, Inc. is a technology company that specializes in energy optimization for buildings. Founded in 2015 and based in Frederick, Maryland, Datakwip offers a software platform that helps building owners, property managers, and facility engineers identify, plan, implement, and monitor energy-saving improvements. The platform connects with existing infrastructure without the need for new hardware installations, allowing for real-time communication and enhanced facility management. Datakwip's solutions are utilized across various sectors, including commercial real estate, senior living communities, biopharmaceutical facilities, and higher education institutions. The company has successfully installed its software in over 30 properties and holds a portfolio of innovative products, with multiple pending patent applications for its advancements in the built environment.
NanoBioFAB
Convertible Note in 2022
Nanobiofab, founded in 2015 and based in Frederick, Maryland, specializes in the development of wearable, smart healthcare and medical devices utilizing nanotechnology for both humans and pets. The company is known for its product, iNose, which enables users to detect, track, and monitor their body's skin vapor-print. This device wirelessly connects to mobile phones to help individuals assess their fat burning rate and evaluate the effectiveness of their exercise routines. Additionally, it provides insights into the effects of dietary choices over time and tracks metabolic rates. Beyond consumer products, Nanobiofab also offers technology and services aimed at accelerating nanomaterial research and development, including nanoprinting solutions and artificial intelligence sensors for telemedicine and personalized healthcare applications.
CoolTech Medical
Seed Round in 2022
CoolTech LLC, based in Baltimore, Maryland, specializes in the development of innovative medical technology for non-invasive fever control and neuroprotection. The company's primary product, the CoolStat device, utilizes transnasal energy removal technology to effectively manage patient temperature. This small, lightweight, and portable device delivers filtered, dry air through a single-use air tubing set, allowing for ease of movement throughout a hospital environment. By blowing room-temperature air into the nasal passages, the CoolStat promotes an evaporative cooling mechanism, which is particularly beneficial for patients experiencing cardiac arrest or head injuries. Since its incorporation in 2011, CoolTech has focused on improving patient outcomes through its advanced cooling solutions.
Medcura
Venture Round in 2022
Medcura, Inc. specializes in developing advanced hemostatic and wound care products applicable in surgical, military, medical, and consumer settings. The company markets its offerings under various brand names, including R3, Medcura Flex, LifeFoam, and Surgicura. Founded in 2007 and based in Riverdale, Maryland, Medcura transforms abundant natural materials into innovative solutions for effectively managing high-impact surgical bleeds. Its product range not only focuses on controlling bleeding but also includes antibacterial barriers that enhance healing environments. Medcura's versatile platform is designed to meet the needs of a wide array of clinical and non-clinical scenarios, enabling healthcare professionals to improve patient outcomes.
SkySquad
Seed Round in 2022
SkySquad provides families, seniors, and non-English Speakers with an extra set of hands to help with their travel experience. The company was founded in 2019 and is headquartered in Bethesda, Maryland, United States.
Givhero
Seed Round in 2022
GivHero, Inc., founded in 2017 and based in Gaithersburg, Maryland, offers a health and fitness mobile application tailored for employees. This platform enables users to set and achieve personal health goals, such as running, biking, weight loss, and managing blood sugar levels. GivHero enhances employee engagement by connecting their health objectives to social causes they care about, allowing employers to provide motivation through sponsorship and rewards tied to these causes. By fostering a culture of wellness, GivHero aims to boost productivity and lower long-term insurance costs, while simplifying the administration of wellness programs through its automated system.
Baltimore Robotics Center
Grant in 2022
Baltimore Robotics Center is creating sophisticated concrete 3D printing structures to assist in the acceleration and strengthening of transit infrastructure.
Udynamix
Grant in 2022
Udynamix, Inc. operates an innovative online digital vault that provides user-defined authentication solutions aimed at enhancing data security. The company's flagship product, KeyVault, enables users to share access to their saved websites and information with others for specified durations. Udynamix has developed a patented Dynamic User Authentication (DUA) system that represents a significant shift from traditional authentication methods. Unlike conventional systems that rely on static credentials stored on servers, Udynamix's technology allows users to create unpredictable passcodes, thereby enhancing protection against identity theft and unauthorized access without depending on second-factor verification methods. Founded in 2019 and based in Bethesda, Maryland, Udynamix serves a diverse clientele that includes commercial businesses, healthcare providers, managed service providers, government contractors, and non-governmental organizations. The company was previously known as iKeyVault, Inc. before changing its name in March 2020.
Patient Premier
Grant in 2022
Patient Premier, Inc. is a medical technology company based in Baltimore, Maryland, focused on developing a mobile platform for monitoring and documenting pain management adherence and efficacy. Its primary product, Pain Scored, enables patients to track their health and share insights with healthcare providers. The platform facilitates remote collection of self-reported assessments, allowing providers to review patient data for better care coordination. Additionally, it supports documentation and billing for time spent on patient management, encouraging proactive health management and chronic disease oversight. By utilizing standardized assessments, Patient Premier enhances the understanding of pain, activity, and mood, ultimately aiming to improve patient health outcomes while reducing healthcare costs. The company serves a diverse clientele, including individual patients, healthcare providers, health systems, and insurers. Patient Premier was established in 2017.
Plus Up
Grant in 2022
Plus Up offers reducing positive parenting strategies that are practical and enjoyable for the entire family. The company is based in Crownsville, Maryland.
PediaMetrix
Seed Round in 2021
PediaMetrix Inc. is a company focused on developing innovative digital solutions for pediatric head measurement and monitoring. Founded in 2018 by alumni from Johns Hopkins, NIH, and Oxford, the company is based in Rockville, Maryland. Its primary product, SoftSpot, is a mobile application that leverages artificial intelligence and computer vision to provide accurate measurements of infants' head shapes. This app allows parents to receive personalized repositioning instructions and enables pediatricians to access easy-to-understand data analysis, facilitating timely and effective care. By focusing on early detection and management of head shape abnormalities, PediaMetrix aims to enhance healthcare outcomes and reduce costs associated with pediatric care.
NanoBioFAB
Grant in 2021
Nanobiofab, founded in 2015 and based in Frederick, Maryland, specializes in the development of wearable, smart healthcare and medical devices utilizing nanotechnology for both humans and pets. The company is known for its product, iNose, which enables users to detect, track, and monitor their body's skin vapor-print. This device wirelessly connects to mobile phones to help individuals assess their fat burning rate and evaluate the effectiveness of their exercise routines. Additionally, it provides insights into the effects of dietary choices over time and tracks metabolic rates. Beyond consumer products, Nanobiofab also offers technology and services aimed at accelerating nanomaterial research and development, including nanoprinting solutions and artificial intelligence sensors for telemedicine and personalized healthcare applications.
PediaMetrix
Seed Round in 2021
PediaMetrix Inc. is a company focused on developing innovative digital solutions for pediatric head measurement and monitoring. Founded in 2018 by alumni from Johns Hopkins, NIH, and Oxford, the company is based in Rockville, Maryland. Its primary product, SoftSpot, is a mobile application that leverages artificial intelligence and computer vision to provide accurate measurements of infants' head shapes. This app allows parents to receive personalized repositioning instructions and enables pediatricians to access easy-to-understand data analysis, facilitating timely and effective care. By focusing on early detection and management of head shape abnormalities, PediaMetrix aims to enhance healthcare outcomes and reduce costs associated with pediatric care.
Truvelop
Seed Round in 2021
Truvelop is a web-based platform designed for employee evaluation and talent management, founded in 2017 and headquartered in Baltimore, Maryland. The platform aids organizations in assessing and developing their workforce by leveraging data science and artificial intelligence to identify performance patterns and predict outcomes. Truvelop helps leaders, managers, and coaches recognize individual strengths and weaknesses, allowing them to enhance overall workforce efficiency and productivity. By focusing on the development of talent, Truvelop enables companies to identify high-performing employees and address those who may not align with organizational goals.
Datakwip
Venture Round in 2020
Datakwip, Inc. is a technology company that specializes in energy optimization for buildings. Founded in 2015 and based in Frederick, Maryland, Datakwip offers a software platform that helps building owners, property managers, and facility engineers identify, plan, implement, and monitor energy-saving improvements. The platform connects with existing infrastructure without the need for new hardware installations, allowing for real-time communication and enhanced facility management. Datakwip's solutions are utilized across various sectors, including commercial real estate, senior living communities, biopharmaceutical facilities, and higher education institutions. The company has successfully installed its software in over 30 properties and holds a portfolio of innovative products, with multiple pending patent applications for its advancements in the built environment.
NeoProgen
Seed Round in 2019
NeoProgen is a therapeutics company that focuses on advancing neonatal cardiac progenitor cells. The company specializes in the fields of biotechnology and cardiac therapy. NeoProgen was founded in 2018 and headquartered in Maryland, United States.
Refirm Labs
Seed Round in 2019
ReFirm Labs, Inc. specializes in cybersecurity solutions aimed at identifying threats within the firmware of connected devices. The company offers a range of tools, including Binwalk, an open-source firmware extraction tool, and a cloud-based firmware extraction product. Its flagship Centrifuge Platform automates the vetting and validation of firmware, enabling the detection and mitigation of security flaws in Internet of Things (IoT) devices and other connected systems. ReFirm Labs also provides various services, such as firmware analysis, vulnerability disclosure, and remediation, as well as training programs for effective device security management. Founded in 2017 and based in Fulton, Maryland, the company is recognized as a leader in IoT security, leveraging its extensive experience in securing devices for sensitive applications to help organizations proactively manage cyber risks associated with their products.
Vixiar Medical
Series A in 2019
Vixiar Medical, Inc., founded in 2013 and located in Annapolis, Maryland, specializes in the development of non-invasive and cost-effective devices for monitoring cardiopulmonary diseases. The company focuses on conditions that impose significant clinical and economic challenges. Its flagship product, Indicor, is a handheld point-of-care device coupled with a digital platform, designed specifically for monitoring worsening heart failure. Through its innovative approach, Vixiar Medical aims to improve patient outcomes and reduce healthcare costs associated with cardiopulmonary conditions.
ReGelTec
Venture Round in 2018
ReGelTec, Inc. is a medical device company based in Baltimore, Maryland, focused on developing minimally invasive spinal implants aimed at treating lower back pain and degenerative disc disease. Established in 2018, the company has created a unique device that is injected into the nucleus of an intervertebral disc using a small needle. This viscous solution is filled to a predetermined height or pressure, solidifying as it cools to body temperature, which helps alleviate pain without the need for follow-up surgery. ReGelTec's innovative approach offers a potential solution for patients suffering from debilitating spinal conditions.
Pinkaloo Technologies
Seed Round in 2018
Pinkaloo Technologies, Inc. is a Baltimore-based company that specializes in a philanthropic engagement platform designed to modernize charitable giving. Founded in 2016, Pinkaloo offers a software-as-a-service solution that combines features of health savings accounts and digital payment systems, allowing users to manage their donations efficiently. The platform enables donors to budget for their giving, discover charities aligned with their interests, and donate to any charity at their convenience. Additionally, it centralizes tax receipts, streamlining the tax reporting process for users. By partnering with employers and financial institutions, Pinkaloo provides a turn-key solution that enhances employee and customer engagement, empowering them to contribute to philanthropy within their communities.
CoapTech
Seed Round in 2018
CoapTech, Inc. is a medical device company based in Baltimore, Maryland, specializing in ultrasound-based solutions for the placement of feeding tubes. Founded in 2016, CoapTech has developed the Point-of-care Ultrasound Magnet Aligned (PUMA-G) System, which mitigates risks associated with traditional methods such as PEG blind sticks, endoscope reprocessing, and fluoroscopy by allowing for ultrasound visualization from the stomach wall to the surface. The company also offers a procedure known as Percutaneous Ultrasound Gastrostomy (PUG), designed for critical care physicians and non-surgical providers to simplify the insertion of gastrostomy tubes. Utilizing a proprietary technology called Coaptive Ultrasound, CoapTech combines magnetic device guidance with real-time ultrasound feedback, aiming to improve safety, reduce healthcare costs, and enhance patient care experiences. Their focus on the PUG procedure highlights a commitment to innovation, safety, and accessibility in medical care delivery across various patient populations.
Cerebro Capital
Seed Round in 2018
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.
Vizual.ai
Seed Round in 2018
Vizual.ai is a Baltimore-based company that operates a cloud-based artificial intelligence platform designed to optimize imagery for video and text content. The platform enhances publisher web pages by automatically deploying optimized static images and GIFs, which aim to increase user engagement and drive higher click-through rates. By integrating seamlessly with publisher sites, Vizual.ai helps to improve site monetization through improved visual content. The company is notable for being the first to launch from Foundry.ai, an artificial intelligence studio founded by industry veterans. Through its technology, Vizual.ai simplifies the workflow of selecting compelling images, automates testing to ensure optimal performance, and ultimately boosts user engagement and overall page yield metrics for web publishers.
NextStep Robotics
Seed Round in 2018
NextStep Robotics Inc. is focused on developing innovative solutions for treating foot drop through a robotic device that enhances walking function. Incorporated in 2017 and based in Baltimore, Maryland, the company enables clinics to offer personalized robotic therapy using adaptive software that provides assistance tailored to each patient's needs. This system allows lower-skilled clinic staff to operate the device, thereby freeing up therapists to concentrate on other treatment modalities. As the company collects more data, the software will evolve into an AI-based system that optimizes training protocols for individual patients. The device is classified as a Class 1 Exercise Device, which allows for immediate revenue generation through direct sales, leasing, software subscriptions, and service contracts. This clinically proven approach not only improves patient outcomes but also enables clinics to provide reimbursable therapy for conditions that previously lacked effective treatment options.
Whitebox
Seed Round in 2018
Whitebox provides e-commerce marketing, automation, and fulfillment services intended to streamline e-commerce operations. It offers an inventory and warehouse management tool along with services including quality check and kitting, warehousing, order fulfillment, online listings optimization, customer service management, and returns, enabling businesses to grow their e-commerce capabilities, generate new sales, and reduce costs. The company was founded in 2013 and is headquartered in Baltimore, Maryland.
Discourse Analytics
Seed Round in 2017
Discourse Analytics is a predictive and prescriptive analytics company that leverages attitudes to build personalized nudge campaigns. It uses the power of personalization and predictive analytics to give clients a data-driven advantage by humanizing data and insights. Its Consumer Activation Platform facilitates contextually relevant two-way conversations at scale between brands and their entire audience across devices and platforms. The data enables clients to establish a connection with their audiences based not on demographics of correlated click path but rather on the key interests, preferences, and behavior that drive the relationship, creating limitless possibilities for personalized content offerings and enhanced product development. The company was founded in 2010 and is headquartered in Bethesda, Maryland.
Workspace Software, Inc.
Seed Round in 2017
Workspace Software, Inc. is a cloud-based project intelligence platform headquartered in Owings Mills, Maryland. Founded in 2001 and originally named Artifact Software, the company offers a comprehensive suite of applications designed for business and technology teams. These applications encompass project requirements, defect tracking, testing, planning, agile methodologies, issue management, change requests, and documentation. The platform aims to enhance the project management capabilities of enterprise software companies, which often handle numerous complex implementation projects simultaneously. By consolidating fragmented project data into an AI-capable system, Workspace Software provides tools that enhance visibility into project activities, monitor risks, and generate real-time analytics. This enables organizations to achieve project deadlines more efficiently and within budget, ultimately improving financial outcomes and product reputation.
TrackOFF
Seed Round in 2017
TrackOFF, Inc. is a cybersecurity and privacy company based in Baltimore, Maryland, that specializes in software designed to protect users' identities and personal data online. Founded in 2017, the company offers two main products: TrackOFF Standard and TrackOFF Elite. TrackOFF Standard helps users detect and prevent tracking threats, enables private searching, and erases browsing history. In contrast, TrackOFF Elite is intended for use on public Wi-Fi networks, providing features such as location masking and virtual private network (VPN) data encryption. The software also employs advanced techniques to shield users' digital fingerprints from tracking, regularly clears browsing history, and encrypts internet traffic. These measures effectively protect users from hackers, trackers, and identity theft, allowing them to maintain control over their personal data. As of May 31, 2019, TrackOFF operates as a subsidiary of Avast Plc.
Vixiar Medical
Seed Round in 2017
Vixiar Medical, Inc., founded in 2013 and located in Annapolis, Maryland, specializes in the development of non-invasive and cost-effective devices for monitoring cardiopulmonary diseases. The company focuses on conditions that impose significant clinical and economic challenges. Its flagship product, Indicor, is a handheld point-of-care device coupled with a digital platform, designed specifically for monitoring worsening heart failure. Through its innovative approach, Vixiar Medical aims to improve patient outcomes and reduce healthcare costs associated with cardiopulmonary conditions.
Sonavex
Series A in 2017
Sonavex, Inc. is a Baltimore-based company founded in 2013 that specializes in advanced imaging technology aimed at enhancing surgical outcomes. The company has developed a proprietary ultrasound-based platform that enables clinicians to detect anastomotic blood clots and assess critical intravascular flow metrics directly at the point of care. This technology not only facilitates the measurement of blood flow and vessel morphology but also includes bioresorbable and echogenic equipment to mark at-risk blood vessels for future assessments. By providing actionable data, Sonavex supports healthcare providers in monitoring and improving patient care, particularly in the context of post-operative complications.
SecondWrite
Angel Round in 2017
SecondWrite LLC specializes in developing automated malware analysis solutions aimed at detecting advanced persistent threats (APTs), targeted attacks, and zero-day evasions. Founded in 2010 and based in College Park, Maryland, the company offers the SecondWrite Sandbox, which effectively identifies evasive malware and captures indicators of compromise (IOCs) from various file types. Utilizing university-developed, patent-pending technology, SecondWrite’s platform executes malware to achieve comprehensive code coverage, thereby enabling accurate detection of sophisticated threats. Its clientele includes network and endpoint security firms, security operations centers (SOCs), managed security service providers, incident response teams, and threat intelligence vendors. The company's innovative approach combines deep code inspection with machine learning, resulting in a reliable detection system that minimizes false alerts while uncovering concealed malware features.
SecuLore Solutions
Seed Round in 2017
SecuLore Solutions is a cybersecurity company based in Odenton, Maryland, established in 2016. The firm specializes in providing cybersecurity solutions for public safety, focusing on the protection of critical infrastructure and 9-1-1 networks. Its flagship product, the SecuLore Paladin, functions as a network appliance that monitors data flow between firewalls and external sources, thereby safeguarding networks from cyber threats. By leveraging extensive knowledge of public safety operations and cybersecurity techniques, SecuLore empowers public safety answering point (PSAP) operations and IT teams to effectively manage and mitigate cybersecurity risks. The company aims to enhance situational awareness of threats and breaches for state and local governments, ensuring the resilience of their networks and resources.
Visybl
Seed Round in 2017
Visybl is an enterprise asset monitoring company that provides a solution in a box for monitoring high-value physical assets such as a container in a warehouse or equipment in a hospital or a contractor at a construction site. It builds on its successful deployments globally and expands to meet the widespread need for business intelligence around physical assets. The company was founded in 2015 by Arun Nedun and PV Subramanian. It is headquartered in Germantown, Maryland.
BurnAlong
Angel Round in 2016
BurnAlong is a personalized wellbeing class and social motivation to help people get the health and wellness they need. BurnAlong delivers personalized corporate wellness classes and social motivation to help employees achieve their health and wellness goals; and companies in turn create great cultures that retain and attract talent. It was founded in 2016 and is headquartered in Baltimore, Maryland.
Otomagnetics
Seed Round in 2016
Otomagnetics, Inc., based in Rockville, Maryland, develops a magnetic injection delivery system aimed at providing non-invasive drug delivery to challenging areas of the body, including the inner and middle ear, the eye, and the skin. Founded in 2012 as a spin-out from the University of Maryland College Park, the company addresses the difficulty of delivering therapies to the inner ear, which is shielded by the blood-labyrinth barrier. In preclinical studies, Otomagnetics' proprietary technology has successfully demonstrated the ability to deliver therapeutic agents to the inner ear, enhancing dosing and efficacy in models of tinnitus and noise-induced hearing loss. Additionally, the system has shown promise for treating middle ear conditions, such as otitis media, without the need for invasive procedures. While Otomagnetics' products are still experimental and not yet approved for human use, they represent a significant advancement in the field of targeted drug delivery.
Subscribe Pro
Seed Round in 2016
Subscribe Pro Inc. is a B2B software as a service company based in Baltimore, Maryland, founded in 2013. The company specializes in developing subscription management and recurring billing software tailored for e-commerce retailers and merchants. Its platform supports various functionalities, including autoship, auto-replenishment, and subscription boxes, allowing clients to effectively manage their subscription services. By providing these solutions, Subscribe Pro enables businesses to foster sustainable relationships with their customers, enhancing customer loyalty and satisfaction in the competitive e-commerce landscape.
Artichoke
Convertible Note in 2015
Artichoke, LLC, operating as Artichoke Client Management Application, specializes in providing a mobile appointment-based tool designed to assist solo businesses and independent professionals. Founded in 2004 and headquartered in Baltimore, Maryland, the company offers a comprehensive suite of services including online scheduling, client notes, credit card processing, appointment reminders, and income and expense tracking. Artichoke aims to streamline administrative tasks for entrepreneurs in appointment-based industries, enabling them to focus on revenue-generating activities. By combining fintech, client data, and marketing automation, Artichoke empowers users to efficiently manage their operations and maximize productivity.
Avhana Health
Seed Round in 2014
Avhana Health Inc. is a provider of a clinical decision support platform designed to enhance healthcare provider workflows. Founded in 2014 and headquartered in Baltimore, Maryland, the company offers a software application that integrates directly with electronic health records (EHR). This platform simplifies the healthcare process by delivering the latest clinical guidelines, actionable recommendations, and performance metrics. It includes features such as a dashboard for pre-visit planning, patient-specific care recommendations, order suggestions that can be submitted directly to the EHR, and tools for tracking provider activity and performance. By focusing on value-based care enablement, Avhana Health aims to deliver impactful support to healthcare teams, ultimately improving quality of care and reducing healthcare costs.
Three Ring
Series A in 2014
Three Ring, Inc. operates an online platform designed for educational institutions to capture, organize, and share student learning information with administrators, parents, and students. The platform supports various educational approaches, including one-to-one programs, Bring Your Own Device (BYOD) initiatives, project-based learning, and flipped classrooms. It facilitates the collection of multimedia evidence of student growth, allowing teachers and students to upload written work, videos, audio recordings, and digital files from any device. By providing a secure online environment, Three Ring ensures that this information can be shared privately with those who need access. Founded in 2011 and based in Baltimore, Maryland, Three Ring was previously known as Orangebook LLC and serves users both in the United States and internationally.
Allovue
Seed Round in 2014
Allovue, Inc. is a Baltimore-based company that specializes in financial software solutions for K-12 education departments and school districts across the United States. Its flagship product, Balance, integrates with existing accounting and data systems to assist educators in budgeting, managing, and evaluating expenditures. The platform offers tools for analyzing school budgets, tracking expenses, forecasting future spending, and planning for capital investments, enabling district officials and school administrators to visualize and optimize the impact of their financial decisions on educational outcomes. Allovue also provides supplemental services such as funding equity analysis and financial management training, catering to superintendents, CFOs, budget directors, and other stakeholders within the education sector. Originally founded as Allovue, LLC in 2013, the company rebranded in 2014 to reflect its mission of connecting finance and education to support strategic resource allocation.
Ariadne Diagnostics
Seed Round in 2014
Ariadne Diagnostics, LLC is a molecular diagnostic company based in Rockville, Maryland, established in 2011. The company specializes in discovering and developing companion diagnostic tests, particularly in oncology and rare neuromuscular and neurodegenerative diseases. By leveraging advanced bioinformatics tools, Ariadne Diagnostics integrates genomic, proteomic, cellular, and clinical data to identify candidate biomarkers that predict patient responses to drug therapies. Its portfolio includes a predictive screening test for metastatic colorectal cancer. Additionally, the company provides contract research and biomarker program support services, encompassing biomarker discovery, assay development and validation, and clinical studies. With a foundation rooted in bioinformatics and extensive expertise in clinical and regulatory development, Ariadne Diagnostics aims to address unmet medical needs through its innovative diagnostic solutions.
Allovue
Grant in 2013
Allovue, Inc. is a Baltimore-based company that specializes in financial software solutions for K-12 education departments and school districts across the United States. Its flagship product, Balance, integrates with existing accounting and data systems to assist educators in budgeting, managing, and evaluating expenditures. The platform offers tools for analyzing school budgets, tracking expenses, forecasting future spending, and planning for capital investments, enabling district officials and school administrators to visualize and optimize the impact of their financial decisions on educational outcomes. Allovue also provides supplemental services such as funding equity analysis and financial management training, catering to superintendents, CFOs, budget directors, and other stakeholders within the education sector. Originally founded as Allovue, LLC in 2013, the company rebranded in 2014 to reflect its mission of connecting finance and education to support strategic resource allocation.
Altenera Technology
Seed Round in 2013
Altenera Technology Inc., based in Bethesda, Maryland, specializes in wind energy solutions. The company has developed BreezBee, a mobile and lightweight wind harvester panel system that utilizes vibrating reeds to generate energy in varying wind conditions. This technology is designed for diverse applications, including energy-producing screens for residential and commercial buildings, converting existing structures into wind energy generators, and providing mobile generator units suitable for remote locations. Since its incorporation in 2010, Altenera Technology has aimed to offer innovative alternatives that address challenges faced by current clean energy solutions.
Integrata Security
Seed Round in 2013
Integrata Security, LLC is a cybersecurity firm based in Baltimore, Maryland, specializing in wireless network intrusion detection services. Founded in 2012, the company focuses on enhancing the security of 802.11 wireless local area networks through advanced technology licensed from the National Security Agency. Integrata Security provides comprehensive protection solutions for both enterprise and government clients, employing a combination of software, network management, and intelligent hardware to address the increasing threats to wireless infrastructures. The firm originated from a technology transfer initiative involving a Federal laboratory in Maryland, reflecting its commitment to innovative security solutions from inception.
Rehabtics
Seed Round in 2013
Rehabtics is a scalable online game-based physical rehabilitation system for institutional and residential use. The system enables its patients to conduct physical therapy by playing motion-controlled video games at the convenience of their homes with automatic feedback and guidance. Rehabtics was launched in 2012 by Xiaoxu Kang and is operated from Baltimore, Maryland.
SameGrain
Seed Round in 2012
SameGrain, Inc. is a company based in Baltimore, Maryland, that specializes in developing a social discovery application aimed at fostering meaningful connections among users worldwide. Founded in 2011, the platform utilizes advanced algorithms and data analytics to enable users to find and connect with others who share similar backgrounds, beliefs, health experiences, interests, and life stages. The application is designed for a diverse audience, helping individuals locate roommates, travel companions, colleagues, and friends, thereby enhancing their social networks. In addition to serving individual users, SameGrain also offers tailored platform services to organizations, universities, and companies, facilitating community engagement and support. By leveraging patented technology and deep data insights, SameGrain effectively matches users for mutual connections and resource sharing, making it a valuable tool for building relationships across various demographics.
Circulomics
Grant in 2012
Circulomics is a biotechnology company based in Maryland, operating within the IMET's Harbor Launch Incubator. The company has secured nearly $8 million in funding from the National Institutes of Health and Maryland TEDCO to create advanced platforms for nucleic acid sample preparation, microRNA profiling, and single molecule analysis. These innovations aim to enhance the research and clinical applications of genomics technologies, facilitating processes from sequencing to expression profiling and biomarker analysis. Circulomics has developed a single molecule analysis system that optimizes the genomics workflow, improving sample characterization prior to sequencing and critical studies, thereby supporting cancer diagnosis and analysis.
InfraTrac
Venture Round in 2007
InfraTrac, Inc. specializes in anti-counterfeiting solutions through its advanced technology that utilizes near-infrared (NIR) spectroscopy. The company offers services that include tagging, tracking, and detecting counterfeit drugs, as well as other high-value regulated materials such as chemicals and consumer products. Its platform features two main products: detector software for straightforward counterfeit detection and encryption software that allows for tagging of substances at the batch level using patented covert NIR fingerprints. InfraTrac provides on-site consultation services to train staff and assist in screening raw materials, catering to a diverse range of industries including pharmaceuticals, chemicals, personal care products, cosmetics, electronics, aerospace, automotive parts, luxury goods, and hospitals. Founded in 2006 and based in Silver Spring, Maryland, InfraTrac aims to help companies implement effective tracking and anti-counterfeiting measures.
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