Sponsored by Monday Properties and written by ARLnow.com, Startup Monday is a weekly column that profiles Arlington-based startups and their founders, plus other local technology happenings. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.
A Crystal City-based software startup that received an economic development grant from the Arlington County Board earlier this year has raised $6 million from investors.
Stardog Union, which moved to 1400 Crystal Drive last September, took on funding from venture capital firm Grotech Ventures, as well as existing investors Core Capital and Boulder Ventures. All three invest in software and technology companies.
The injection of cash came from the company’s Series A funding round, the first time startups receive investments from venture capital firms and the first time ownership is offered to those external investors.
Since raising its seed round of early investments in July 2016, Stardog has more than tripled its revenue and secured many recognizable companies as customers. That includes the likes of NASA, Oxford University Press and Bosch.
Stardog Union helps businesses bring together internal data from different sources. At the time of its county grant, CEO and co-founder Kendall Clark told ARLnow that while that process could take a large company like Samsung a week and use 30 people to collate all the data on, Stardog’s technology does the job in a matter of seconds.
“Stardog is uniquely solving the largest unsolved problem in enterprise IT: data silos,” said Steve Fredrick, general partner at Grotech Ventures, in a statement. “They’ve generated substantial traction including some truly amazing logos despite having raised very little capital and having done no marketing to date.”
Stardog received a Gazelle Grant earlier this year a Gazelle Grant, an incentive program from Arlington Economic Development to encourage fast-growing companies to locate in the county. It received $35,000 in return for creating 70 new full-time jobs at its Arlington office and leasing 3,500 square feet of office space.
“We had an incredible year of growth and are excited to have Grotech as a new partner to accelerate further,” Clark said in a statement. As part of the investment, Fredrick has joined Stardog’s board of directors.
Good Friday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
A local nonprofit specializing in job placement for disabled individuals is drawing on federal funding to expand its services.
This column is written by the team at Arrowine & Cheese (4508 Cherry Hill Road). Sign up for the email newsletter and receive exclusive discounts and offers. Order from Arrowine’s expanding online store for curbside pickup…
An Arlington teen of the same name as an 18-year-old convicted in a recent high-profile case has been arrested after allegedly fleeing from police.
Sometimes mold is easy to spot, but you don’t know how deep inside your walls it has spread. It can grow in sinks, cabinets, and other places you frequent every day. If you find mold, the question remains: Do I call a professional? Thistle Environmental, LLC believes in quality, comprehensive testing.
CALL NOW: (703) 929-4036
WOW 1 DAY PAINTING brings people a fast, affordable, and high-quality solution for all of their interior or exterior residential and commercial painting projects. We respect your time as much as you do and provide the quality paint job you expect, in a timeline that is unexpected.
Schedule a consult today:
T. (202) 845-7899
Experience through film the beauty of our relationships to cats. This unique film is a compilation of shorts with a feline theme which premieres every year in New York City and then travels to venues across the United States. This