Vienna, Va.-based startup launches new solution to accelerate analysis of patient and population data for COVID-19 using NLP and AI
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in Vienna, Va.-based MetiStream, developer of a platform that uses big data, Natural Language Processing (NLP) and machine learning to reveal hidden insights in unstructured clinical data. MetiStream’s Ember Platform delivers better analytics to decrease health risks, and improve quality and outcomes for healthcare organizations. MetiStream will leverage the GAP Funds investment to help expand and accelerate sales, marketing and product development efforts.
No one is happier than Ed Albrigo with the outcome of Virginia’s long effort to shop the iconic building on 26 acres across the Dulles Toll Road from the Innovation Station stop on the Metro Silver Line.
“This is a great outcome for Virginia,” said Albrigo, president and CEO of the CIT, which will become the operating arm of the new Virginia Innovation Partnership Authority on July 1. “The research that can be done with that money is going to be phenomenal.”
Additional funding supports the fintech startup’s approach to improving the insurance quote process for both applicants and insurers
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has made a follow-on investment in Richmond, Va.-based Fenris. Over the last 12 months, Fenris has expanded their sales operations and enhanced their data delivery and analytics platform. The company plans to use this additional funding to further build out their product suite to meet demand from current and prospective clients.
“Fenris clients are seeing real results, including an increase in conversions accompanied by a 25% decrease in cost of acquisition due to smarter ordering of downstream reports, and up to 80% reduction in manual effort,” said Jennifer O’Daniel, Investment Director, CIT GAP Funds. “CIT is pleased to expand our relationship with Fenris through this follow-on investment, and we look forward to the company’s continued growth in 2020.”
Success story for the Commonwealth of Virginia, our Ecosystem Partner 757 Angels and the Center for Innovative Technology
Seed funding sources for Embody included both CIT GAP Funds & Commonwealth Research Commercialization Fund (CRCF)
"Designed and manufactured on the Eastern Shore of Virginia, Mobile Sentinel is a commercialized version of an earlier technology, originally developed for NASA and still in use. With a grant from the Center for Innovative Technology (CIT), Commonwealth Research Commercialization Fund (CRCF) in 2019, SRS developed this new system. SRS looks to grow its market share in the autonomous security industry while creating valuable career opportunities required for rapid production/distribution."
Automated micro deposits round up purchases to the next dollar to buy, secure and store digital assets on a user’s chosen exchange | The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in Richmond, Va.-based RoundlyX, a digital asset wealth management platform.
Virginia Growth Alliance: Supporting Unmanned System Innovation and COIVD-19 Research and Response in Rural Virginia
Herndon, VA, May 06, 2020 (GLOBE NEWSWIRE) -- The skies in Brunswick County were buzzing with activity last week. Leading unmanned aerial vehicle companies were demonstrating the viability of using drones for medical emergency package delivery. This operation took place in response to the White House task force on Coronavirus (COVID-19). The former Saint Paul’s College campus located in the Town of Lawrenceville, Virginia provided the perfect test location.
Virginia’s Center for Innovative Technology (CIT) coordinated the multiday testing effort that was led by DroneUP of Virginia Beach and included UPS and its subsidiary UPS Flight Forward, Workhorse Group and AirBox Group based in Richmond. The group was researching how unmanned aircraft systems (UAS), or drones, might assist medical professionals in their fight to stop the spread of the Coronavirus.
The experiment evaluated the commercial drone industry’s ability to scale up small UAS deliveries in order to assist the U.S. healthcare system during the pandemic.
CIT Selects Partners to Build a First-of-Its-Kind Smart Community | Contract agreements signal the official start of building a technology testbed in Stafford County
Herndon, VA, May 05, 2020 (GLOBE NEWSWIRE) -- The Center for Innovative Technology (CIT) today announced that four contracts have been issued to build Stafford’s technology testbed, a key milestone for the public-private partnership developing Virginia’s first ground-up “smart community.” Expected to be up and running in six weeks, the smart city technology testbed will focus on Internet of Things (IoT) device security to help prevent community ransomware attacks, and protect the privacy of citizens, while providing critical data to help the county improve operations and services.
The Stafford testbed will act as a living laboratory - testing emerging technologies in real-world situations and providing a long-term capability that can be used to validate innovation before bringing it into the operational “Smart Stafford” infrastructure.
It’s been a dream of county officials for more than a decade, but there’s new support from the state for Stafford as a Smart Community test site, and a private partner is ready to begin construction on the first phase of the project. The region’s next urban destination might be just right around the corner.
Partners at the state’s Center for Innovative Technology (CIT) spent $100,000 last summer to develop the specifications for this smart downtown.
In announcing the deal last spring, David Ihrie, chief technology officer at CIT, said other communities around the state are excited to learn from Downtown Stafford.
“Stafford County is moving ahead at an exciting time in the development of these ideas, and our collaboration will provide one model for how a community can establish a vision for their future and then take the steps towards making that future a reality,” Ihrie said.
The state has gone beyond that initial investment to help make Downtown Stafford a test lab for new efforts in public safety technology — work has already started at the county government center to test these new technologies.
CIT Press 2020