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.
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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Join the Alexandria Symphony for their Home for the Holidays concert on December 17-18.
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Join us at Art House 7 this Saturday 4-7pm for our Annual Open House – Teacher and Student art show!
Meet our teachers
See student and teacher artwork
Teacher’s paintings, ceramics, notecards will be for sale
Enjoy beverages and light refreshments
All attendees get a $20 gift certificate off a class
30% off everything in our Supply Store for holiday gifts
Sat. Dec. 3, 4-7pm
Art House 7
The Alternative Christmas Market is back! At First Presbyterian Church Arlington in Ballston, located at 601 N. Vermont Street, Arlington VA 22203, on Sunday, December 4th from 9:30am to 1:00pm. Parking available.
Vendors and products this year include: 10,000 Villages, Olive Oil Ministry, African Team Ministries, Community Coalition for Haiti, Heifer, African Market Baskets, Café Justo, Thistle Farms, Southwest Indian Foundation, and Together We Bake.
Buy gifts for everyone on your list, and support these great organizations, artisans, and global neighbors. See you there!
NCE’s Holiday Concert will bring the finest classical masterpieces and holiday favorites together for the whole family. The festivities begin with Leroy Anderson’s classic “Sleigh Ride” and “Chanukkah Festival”, music from the Nutcracker and by J.S. Bach.
Outstanding Young Artist