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POTOMAC TECH WIRE -- June 21
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Sponsored by: Splunk GovSummit Virtual – June 29th

o Frederick-based MeetingPlay Raises $75 Million; Event Software Maker
o DC-Based Hydrosat Raises $5 Million for Infrared Satellite Constellation
o Amazon Commits $125 Million Toward Affordable Housing at Metro Stations

MicroStrategy Holds $3.4 Billion in Bitcoin; $660 Million Gain on Crypto Holdings
Walmart Invests in Virginia Beach-based DroneUp to Expand "Last Mile" Options

Splunk GovSummit Virtual – June 29th

o Briefly Noted: SkyePoint Decisions, Octo, MaxCyte
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Event Listings:
> New: APPLY TODAY: 2021 Technology Fast 500™ awards
> Splunk GovSummit Virtual – June 29th


Job Listings:
> New: Public Relations Senior Account Executive - Sage Communications


Services Listings:
Lowenstein Sandler: Helping Tech Innovators Meet Today's Legal Challenges


For information on advertising options, click here.
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o Frederick-based MeetingPlay Raises $75 Million; Event Software Maker

Frederick, Md. -- MeetingPlay, a Frederick, Md.-based developer of software used for events and conferences, has raised $75 million from California-based private equity firm Sunstone Partners. MeetingPlay’s software is used for conferences, summits, meetings and other events; it has a particular focus on hybrid events that mix in-person and virtual components. Terms of the deal were not disclosed. The company’s clients include Marriott International, Databricks and Autodesk. “MeetingPlay delivers unparalleled digital experiences that blend personalization, networking, content and unprecedented engagement that are scalable to support audiences of 100,000 or more,” said Michael Biggee, co-founder and managing director of Sunstone. MeetingPlay was founded in 2012 by Joe Schwinger and Lisa Vann, who both serve as co-CEOs.
https://www.meetingplay.com/news/hybrid-event-technology-company-meetingplay-raises-75-million-growth-equity-investment-from-sunstone-partners

o DC-Based Hydrosat Raises $5 Million for Infrared Satellite Constellation

Washington, DC -- Hydrosat, a DC-based startup creating an infrared satellite constellation, has raised $5 million in a new round of seed funding, led by Cultivation Capital. Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures and Synovia Capital also took part in the round, which increased the company's total backing to $10 million. Hydrosat plans to utilize thermal infrared data from space to address issues such as food security, water scarcity and climate risk. The company plans to fly a multi-spectral and thermal infrared mission with Loft Orbital in 2022, and hopes to eventually launch an additional 16-satellite constellation, with the capacity to scan the entire globe on a daily basis. The company currently holds contracts with the European Space Agency, U.S. Air Force and the Department of Defense.
https://www.hydrosat.com/
https://www.businesswire.com/news/home/20210617005877/en/Hydrosat-Raises-5M-to-Take-on-Climate-Change-from-Space

o Amazon Commits $125 Million Toward Affordable Housing at Metro Stations

Washington, DC -- Online retail giant Amazon said it will commit $125 million to expedite the development of more than 1,000 new affordable housing units at Metro stations throughout the DC area over the next five years. Amazon, currently developing its second headquarters in Arlington, said the below-market capital will help the Washington Metropolitan Area Transit Authority create housing for moderate- to low-income families, with easy access to jobs, schools, healthcare and education. The funding will be available only to developers who have joint development agreements with Metro, with $25 million reserved for minority-led developers.
https://press.aboutamazon.com/news-releases/news-release-details/amazon-and-metro-announce-125-million-commitment-create-1000

o MicroStrategy Holds $3.4 Billion in Bitcoin; $660 Million Gain on Crypto Holdings

Tysons, Va. -- After its latest purchase of bitcoin, MicroStrategy, the Tysons-based software company that is one of the largest corporate holders of bitcoin, announced that it now holds 105,085 bitcoins -- valued at $3.4 billion, based on afternoon prices. The company recently raised $489 million in a debt offering to buy additional bitcoin. MicroStrategy said the total purchase price of its entire bitcoin holdings now stands at $2.74 billion -- giving it a paper gain of nearly $660 million since embarking on an ambitious crypto currency purchasing campaign. Its total bitcoin paper gains, which once soared to billions of dollars, have been significantly cut over the last month as the price of the crypto currency has sharply dropped. MicroStrategy’s stock price was down 10% in late day trading on Monday as bitcoin prices fell.
https://www.microstrategy.com/en/investor-relations/press/microstrategy-acquires-additional-bitcoins-and-now-holds-over-105000-bitcoins-in-total_06-21-2021
https://www.hope.com/ (MicroStrategy’s website on bitcoin)

o Walmart Invests in Virginia Beach-based DroneUp to Expand "Last-Mile" Options

Virginia Beach, Va. -- Walmart announced that it has invested in DroneUp, a Virginia Beach-based drone delivery company. Financial terms of the investment were not disclosed. Walmart partnered with DroneUp last year on a trial used to deliver at-home COVID self-collection kits by drones. “The trial demonstrated we could offer customers delivery in minutes versus hours,” wrote John Furner, CEO and president of Walmart U.S., in a posting about the investment. “Now, after safely completing hundreds of drone deliveries from Walmart stores, we’re making an investment in DroneUp to continue our work toward developing a scalable last-mile delivery solution.” In April, Walmart made a similar investment in electric autonomous vehicle company Cruise.
https://corporate.walmart.com/newsroom/2021/06/17/walmart-invests-in-droneup-the-nationwide-on-demand-drone-delivery-provider
https://www.droneup.com/
 
 
Splunk GovSummit Virtual – June 29th

Join Splunk for their annual GovSummit program on June 29th. This free, interactive virtual experience is for Public Sector organizations who want to learn new and exciting ways they can harness their data to deliver on their mission. The agenda is filled with innovative ideas and practical advice from leaders in both government and industry on how data-driven strategies are fueling modernization, enhancing security, and delivering successful citizen services.

Learn more and register at http://splunk.com/govsummit


 
o Briefly Noted:

(Dulles, Va.) Dulles-based SkyePoint Decisions, a provider of information technology to the federal government, has promoted Frank Sturek to president and Heather Conigliaro to COO. Christopher Giusti will continue as the company's CFO. Sturek previously served as SkyePoint's chief development officer and Conigliaro was its chief programs officer.
https://skyepoint.com/skyepoint-decisions-promotes-frank-sturek-to-company-president-and-heather-conigliaro-to-chief-operations-officer/

(Reston, Va.) Reston-based Octo, a provider of technology consulting services to the federal government, has named Bryan Ware to its board of directors. Ware most recently served as director of cybersecurity at the Cybersecurity and Infrastructure Security Agency (CISA), and previously was an assistant secretary Department of Homeland Security, serving as an advisor on cybersecurity and emerging technology matters.
https://www.octoconsulting.com/resource/former-cisa-and-dhs-leader-bryan-ware-joins-octos-board-of-directors/

(Gaithersburg, Md.) Gaithersburg-based MaxCyte, developer of platform technologies for cell engineering, has named Rekha Hemrajani and Yasir Al-Wakeel to its board of directors. Hemrajani currently serves as the part-time CEO and director of Jiya Acquisitions, and previously held senior management positions at several listed biopharmaceutical companies. Al-Wakeel currently serves as chief financial officer (CFO) and head of corporate development at Kronos Bio.
https://maxcyte.com/maxcyte-adds-two-new-non-executive-directors-to-its-board/

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Events:
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To post an event listing, click here

> APPLY TODAY: 2021 Technology Fast 500™ awards

Honoring innovative technology companies in North America.

The Deloitte Technology Fast 500 is now in its 27th year, recognizing the most innovative, fastest-growing technology companies. And although many organizations are facing significant challenges right now, we don’t want this to overshadow your accomplishments and ability to pioneer amid unpredictable shifts -- over recent years. Will your company top the awards list this year? The program provides one of the most objective rankings, aimed at recognizing the effort, dedication, and resiliency of technology, media, telecommunications, life sciences, fintech, and energy tech companies. If you think your company -- public or private -- has what it takes to be recognized as one of the most innovative, fastest-growing technology companies in North America, apply for the 2021 Technology Fast 500 awards before June 25. Click here for more information.

> Splunk GovSummit Virtual – June 29th

Join Splunk for their annual GovSummit program on June 29th. This free, interactive virtual experience is for Public Sector organizations who want to learn new and exciting ways they can harness their data to deliver on their mission. The agenda is filled with innovative ideas and practical advice from leaders in both government and industry on how data-driven strategies are fueling modernization, enhancing security, and delivering successful citizen services.

Learn more and register at http://splunk.com/govsummit

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Jobs:
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To post a job listing, click here

> Public Relations Senior Account Executive

Sage Communications is looking for passionate individuals who have a leadership mindset, look to take the initiative, think creatively, and want to reap the benefits of growing their career while having fun doing it. As an SAE, you will be responsible for helping lead of team of top-notch professionals in executing public relations and social media campaigns with a focus on technology for Fortune 500 companies, government contractors and federal agencies.

If you're a rock star PR pro with experience in helping develop and execute powerful PR and social media strategies and campaigns, incorporating both traditional and new media communications, managing account teams, and interacting with clients to provide top-notch service in a fast-paced environment - AND looking for a new challenge to grow your career - then Sage is the right place for you.

Find out more about our SAE position and apply here: https://aboutsage.bamboohr.com/jobs/view.php?id=48


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Services:
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To post a services listing, click here

> Lowenstein Sandler: Helping D.C. Area Tech Innovators Meet Today's Legal and Regulatory Challenges.

Lowenstein Sandler is a law firm serving technology leaders throughout the greater D.C. metro area. The lawyers in our rapidly growing D.C. office  work hand-in-hand with some of the most innovative entrepreneurs and business executives in the region. We partner with our technology clients to design strategic, effective solutions to their legal and regulatory challenges so they can focus on what they do best: innovate, build, and deliver the products, software, and services that lead our world into the future.

https://www.lowenstein.com/our-dc-office



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