News

Lewis and Clark Pharmaceuticals Receives Additional Investment from CIT

The Center for Innovative Technology (CIT) finalized a second $100,000 investment in Charlottesville, VA- based Lewis and Clark Pharmaceuticals, Inc....

CIT GAP Funds Portfolio Company YaSabe Secures $2.7M in Seed Round

The Center for Innovative Technology (CIT) is honored to release this exciting news from one of our CIT GAP Funds portfolio companies YaSabe.

Portfolio

CIT’s GAP Venture Fund began deploying capital in mid-2005. The Fund invests in high-potential early stage technology companies accelerating their path to significant growth through active partnership and company development.
 



Fund:
 
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4FrontSecurity, Inc.

Reston, Virginia
CEO: Chris Parker
Company Status: Acquired by Symantec – 12/23/07
Investment Status: Historical
Fund: GAP Fund I
Software-as-Service platform for distributed risk and compliance management and reporting.


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4Wave, Inc.

Sterling, Virginia
CEO: Sami Antrazi
Company Status: Private
Investment Status: Historical
Fund: GAP Fund I
Gradient ion beam deposition process for optical and semiconductor device production.


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ADI Engineering


Charlottesville, Virginia
CEO: Steve Yates
Company Status: Private
Investment Status: Current
Fund: Commonwealth Energy Fund (CEF)
Provider of semi-custom modified COTS embedded single board computers optimized to application.


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Airak

Vienna, Virginia
CEO: Paul Grems Duncan
Company Status: Private
Investment Status: Current
Fund: GAP Fund I
Provider of a real-time electrical distribution load monitoring and power quality measurement system.


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Airside Mobile


Arlington, Virginia
CEO: Hans Miller
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Provider of a mobile platform dedicated to helping travelers get through their airport experience faster.


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Altruista Health


Reston, Virginia
CEO: Ashish Kachru
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Provider of highly patient-centric and customizable total population care management technology and solutions used to streamline clinical and administrative processes, improve patient outcomes and reduce avoidable healthcare costs.


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AppTap


Reston, Virginia
CEO: Matt Callaway
Company Status: Private
Investment Status: Current
Fund: GAP Fund I
AppTap is an app recommendations platform and advertising network, helping web publishers, carriers, consumers and app developers cut through the clutter of the app stores. Over 20 leading web publishers, and top carriers such as Sprint, use AppTap to boost user engagement and monetization.


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Brazen Careerist


McLean, Virginia
CEO: Ed Barrientos
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Career management tool for next-generation professionals.


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BrightContext


Reston, Virginia
CEO: John Funge
Company Status: Private
Investment Status:
Fund: GAP Tech Fund
Cloud-based platform that makes it easy to add real-time interactivity to apps and mine live data streams at a massive scale.


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C3RS

Louisa, Virginia
CEO: Chad Koslow
Company Status: Private
Investment Status: Current
Fund: Commonwealth Energy Fund (CEF)
Tire recycling company with the capability to produce tire derviced fuel and crumb using an ambient grinding process that seperates care and truck tires into rubber, steel and fiber.


 


GAP Funds portfolio companies are early stage companies with corresponding investment risk profiles; CIT assumes no liability for any investment by any person in any GAP Funds Portfolio company.