The Latest on Innovation &
Entrepreneurship in Maryland
December 2018
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Security Orchestration, Automation and Response leader @Syncurity closes two million Institutional Investment to support accelerated growth
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Syncurity,
a market leader in Security Orchestration, Automation and Response (SOAR), announced recently the initial close of a two million dollar institutional investment led by the Maryland Technology Development Corporation (TEDCO). The investment proceeds will be used to expand market reach through existing channel and technology partnerships, while also enhancing Syncurity’s award winning IR-Flow platform.
“Syncurity now has the resources to accelerate our already impressive growth as the SOAR market transitions from the early adopters of Do-It-Yourself (DIY), code-based tools to complete applications built for the mainstream enterprise and MSSP markets,” said Syncurity CEO, John Jolly. “Customers and partners will be able to conduct security operations in a more efficient and effective manner by responding to threats faster and with greater accuracy to reduce overall cyber risk without writing and maintaining code.”
Syncurity’s new investors bring a wealth of experience and a proven track record of success.
“We are excited about the opportunity to invest in a high growth Maryland-based cybersecurity company with an outstanding leadership team,” said Frank Glover, Lead Director of the TEDCO Seed Fund. “Syncurity’s mature product architecture and their focus on enabling enterprise process for security has enabled them to acquire multiple Fortune-500 customers.”
Syncurity’s IR-Flow® platform empowers enterprises to quickly and easily adapt workflow and automation to their unique business processes and security technologies, regardless of team size or maturity. IR-Flow separates alert handling from incident management processes to increase efficiency, incorporates human analysts for more accuracy and generates a detailed security “System of Record,” enabling reporting and measurement, process improvement and compliance demonstration.
To learn more about how Syncurity’s customers are leveraging the IR-Flow platform, please visit
https://www.syncurity.net/resource-center/case-studies/
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What's Happening at TEDCO
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Now Accepting Applications
The MD Stem Cell Research Fund is now accepting applications for our
5
funding programs
(Application Deadline: January 17, 2019)
.
We invite you to apply to one of these programs. Eligible companies and faculty at MD-based Universities and Research institutes can contact us for more information.
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Maryland Innovation Initiative portfolio companies and projects continue to attract follow-on funding and accelerate technologies from bench to bedside
MII portfolio company, Asclepix Therapeutics, raised over $5M in new funding that will assist in development of new treatment for eye diseases that are leading causes of blindness in adults.
MII grantee and IBBR researcher, Dr. Yuxing Li, recieved $3.9M from the National Institute of Health (NIH) to develop a multi-specific, single agent antibody therapeutic against HIV-1 to block virus infection and to clear the reservoir of HIV-infected cells from the body.
About Maryland Innovation Initiative
TEDCO MII program mission is to accelerate and market promising technologies with significant commercial potential form Maryland academic research institutions. MII achieves that through funding the de-risking of innovative technologies (MII Grant) and creating tech start-ups (MII Investment).
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Start-Up Orientation Forum
TEDCO has developed a quarterly workshop/forum targeting first-time entrepreneurs to guide them through the first steps of developing a start-up.
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Why you should join:
- Learn the first steps to launch a business
- Be introduced to entrepreneurial resources
- Understand requirements for funding
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First Workshop:
January 18, 2019
3PM - 5PM
At TEDCO
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CONGRATS BUILDER FUND!
TEDCO's Builder Fund had an exceptional turnout at its Nov. 28th event, sponsored by Ballard Spahr, who generously provided funding for a free happy hour for attendees.
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TEDCO's Incubation Challenge Award
It’s hard to believe that a little over a year ago TEDCO made
$125,000 Incubation Challenge grants to each of 6 different projects.
As the grantees wrap up their first year of activity, it’s pretty easy to conclude that our expectations have been exceeded on all fronts.
Can’t wait to see what 2019 has in store!!
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eMedical Sentry
, of Rockville, is a provider of telehealth solutions for organizations serving at-risk populations. The company provides a remote patient monitoring service for 30 days post-discharge, which offers the capability of at-home monitoring to improve patient outcomes and reduce the overall cost of healthcare.
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Game ChangeHer
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of Ellicott City, is a sports and entertainment mobile app that generates sports trivia to fans of opposing teams during live sporting events.
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MileMarker
(EduMD, LLC), of Baltimore City, is a medical training assessment tool that helps surgeons in residence and medical schools overcome the challenges stemming from documenting and assessing a resident’s operative experiences. The tool was developed by clinicians from Johns Hopkins University to enhance residency training programs.
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Novel Microdevices LLC
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of Annapolis, is a handheld molecular diagnostic tool that provides in-clinic determination of sexually transmitted diseases. The device is able to quickly analyze a raw biological sample with lab-quality results for rapid treatment.
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ProTrakr
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of Burtonsville, is a contract management and compliance platform for contractors on public works and infrastructure-related projects. The tool allows subcontractors to record daily contract work progress, which provides data needed to generate various reports including workforce data, EEO statistics, schedule of value quantities and certified payrolls.
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Leon Scientific Poised to Disrupt Microscopy Industry by Mechanically Mapping Living Cells in 3D
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TEDCO’s MII program
addresses the challenge of academic entrepreneurs needing the time manage a business through grants and mentorship to help validate and commercialize more university technologies.
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Leadership Maryland graduates Class of 2018, to include TEDCO's Marketing VP
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Leadership Maryland graduated 50 members of the Class of 2018 who completed the professional development program during its 26th annual graduation ceremony Dec. 4 at the Lord Baltimore Hotel.
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What does Amazon's move mean for Maryland startups?
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Amazon’s move to Arlington will drive a demand for talent and help bring more venture capital into a region that has been slowly improving in that area.
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TEDCO Announces New Round of Pre-Seed Builder Fund Program Recipients
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TEDCO
announces its recent round of startups receiving funding and executive management support through the organization’s
Pre-Seed Builder Fund
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Maryland startup BitPlatter is bringing search and analytics tools to podcasts
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The company created a platform transcribes podcast episodes 24 hours a day. Now it's looking to provide "social listening."
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Congratulations to Fall Ratcliffe Shore Hatchery Winners, especially TEDCO portfolio company ClearMask and Plum Dragon Herbs
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Clear Mask - Top Winners - $30K
Plum Dragon Herbs, Inc. – $25K
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TEDCO CEO talks turkey about startups (via Maryland Chamber of Commerce)
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Ask small business entrepreneurs what they’re thankful for this year and they’ll probably have two answers: funding and people.
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BurnAlong, a TEDCO portfolio company, raises $1.3M seed round, former IKEA executive and Md. investor join board.
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BurnAlong
raised a $1.3 million seed round and is expanding an offering that allows companies to provide employees with access to streaming health and fitness classes
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IBBR investigator to lead $3.9M NIH-funded project to develop next generation HIV-1 immunotherapy agents
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Multi-specific anti-HIV antibodies that neutralize almost all circulating HIV-1 viruses will be optimized to target persistent infection.
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TEDCO Builder Fund Recognized by MD Chamber of Commerce
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This program will “offer operational guidance and financial support to Maryland startups founded by socially or economically disadvantaged entrepreneurs.”
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Maryland Stem Cell Research Fund's Seraxis publishes clinical trial considerations for a type 1 diabetes stem cell-derived therapy
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SERAXIS Inc., a rapidly growing regenerative medicine company today announced the publication of important trial considerations for SR-01, its pluripotent stem cell-derived islet therapy for insulin-dependent diabetes.
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Origin stories are often the great myths of the startup community. Companies begin in basements, they grow in garages and boom in incubators. And as much as those stories are a part of culture-setting, storytelling often becomes strategy for these young companies.
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Anchor Ventures
Passion to Profit: A Quick-Fire Showcase of Inspired Innovation
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Thursday, January 17th
4:00 PM - 7:00 PM
Johns Hopkins Technology Ventures
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