Sponsored by Monday Properties and written by ARLnow, Startup Monday is a weekly column that profiles Arlington-based startups, founders, and other local technology news. Monday Properties is proudly featuring 1515 Wilson Blvd in Rosslyn.
Financial technology company Interos is now the first private Arlington startup to reach a billion-dollar valuation, becoming what’s called a “unicorn” in the world of startups.
The name was coined to denote how rare it has been to attain the $1 billion valuation.
Although 728 companies globally enjoy the designation today, the mythic animal fits the Ballston-based software company for another reason. Founder and CEO Jennifer Bisceglie now joins the 4% of unicorns led by female founder-CEOs, Fortune Magazine reports.
(Fluence, an energy startup also based in Ballston, was valued at just over $1 billion at the end of last year; it was formed as a joint venture of two large, publicly-traded companies, including Ballston-based AES.)
Bisceglie first launched the company, which develops AI software to help businesses identify disruptions to their supply chains, in 2005. The company is located at 4040 Fairfax Drive.
“It’s taken a lot of iterative engineering, working closely with customers to understand their needs and supply chains, and so much more to get us here. I couldn’t be prouder,” Bisceglie told ARLnow in an email.
The startup attained the milestone on the back of a $100 million funding round led by Silicon Valley-based investors. Venture capital firm NightDragon led the financing while other investors like Kleiner Perkins and Venrock also contributed.
“We were very fortunate to enter into discussions with Dave DeWalt and his fund, NightDragon,” said Bisceglie. “Considering Dave and his team’s backgrounds in security and risk, they immediately understood the importance of what we are doing and saw the opportunity to scale rapidly while continuing to support the growing number of companies and government agencies who rely on our technology.”
The company will now use the influx of funding to improve its product and expand its outreach.
“The new funding ensures Interos can accelerate its business at a time when supply chain vulnerabilities are front and center for companies around the world, following major supply chain shortages due to the pandemic and cyberattacks on organizations like SolarWinds, Kaseya, and Colonial Pipeline that put company operations at risk,” Bisceglie said.
Over the last two years, Interos has grown by 303% and has seen its platform used by NASA, the U.S Department of Defense, and a number of Fortune 500 companies. The startup’s mission became especially relevant during the pandemic, as COVID-19 led to trade restrictions and product shortages.
“COVID-19 and other macro and digital supply chain disruptions over the past year have caused boards of directors and other leaders to awaken to the tremendous impact supply chain disruptions can have on operational resilience, business performance and reputation,” Bisceglie said.
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Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.
The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.
Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.
“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and
District 27 Toastmasters 2023 Virtual Conference
District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve