News

CIT’s Virginia Founders Fund Invests in Fringe to Change the Way Employers Offer Benefits

With more employees prioritizing benefits over pay raises, the Fringe platform takes the hassle out of offering diverse and flexible perk programs

CIT GAP Funds Invests in Fenris to Improve Insurance Quote Process for both Applicants and Insurers

Software and analytics startup streamlines the digital insurance quoting process, while preserving underwriting integrity and accuracy.

CIT GAP Funds Invests in 4stay to Increase Lodging Opportunities on College Campuses

Online marketplace for student housing connects students, interns, and professionals with local hosts, roommates, and room providers

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:
 
Cargosense
CargoSense


Reston, Virginia
CEO: Rich Kilmer
Company Status: ­­­Private
Investment Status: Current
Fund: GAP Tech Fund
CargoSense is the “black box” for the supply chain industry – recording exactly what a product experiences, while providing analysis on supply chain environments that solve real-world logistics problems that impact everyone. The company is a big-data and analytics service initially targeting healthcare logistics. It’s technology ensures drugs are valid while in the supply chain.


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ChurnZero

Arlington, Virginia
CEO: You Mon Tsang
Company Status: Private
Investment Status: Current 
GAP Fund: GAP Tech Fund
ChurnZero's real-time customer success platform helps subscription businesses fight customer churn.


cirrusworks
CirrusWorks


Herndon, Virginia
CEO: David Gianini
Company Status: ­­­Private
Investment Status: Current
Fund: GAP Tech Fund
The CirrusWorks’ approach to the bandwidth congestion problem is radically different than traditional technologies. Our flagship product, the Governor, takes a new approach to bandwidth management that goes beyond traditional—and often times ineffective—solutions such as rate capping or expanding bandwidth.


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ClearEdge 3D


Warrenton, Virginia
CEO: Chris Scotton
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Automation of building feature extraction from point cloud data, that cuts modeling time and costs by over 50%.


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Cont3nt


Dulles, Virginia
CEO: Anton Gelman
Company Status:Private
Investment Status:Current
Fund:GAP Tech Fund
Offers a real-time market for photo and video journalism.


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Coulomb

Charlottesville, Virginia
CEO: Alexander Bazhinov
Company Status: Private
Investment Status: Current 
GAP Fund: GAP Tech Fund
Coulomb is a smart energy system enabling residential customers and utilities to manage energy usage. The company will manufacture and sell energy management devices – Coulombs – to homeowners. Through these devices the company will offer a number of subscription-based services such as personalized remote energy audits, vacation energy management, and others. In addition, the company will provide demand response management services to utility companies and enable homeowners to receive monetary.


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DataRPM


Arlington, Virginia
CEO: Sundeep Sanghavi
Company Status: Private
Investment Status: Current
GAP Fund: GAP Tech Fund
 DataRPM's award-winning product uses machine learning to automatically perform advanced statistical analysis on top of Hadoop, and automatically presents insights of the most “interesting” computations.


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Distil Networks


Falls Church, Virginia
CEO: Rami Essaid
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Distil Networks, the global leader in Bot detection and mitigation, offers the most automated and accurate way to identify and police malicious website traffic, blocking 99.9% of bad bots, malware and competitors -- without impacting legitimate users.


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DivvyCloud


McLean, Virginia
CEO: Brian Johnson
Company Status: Private
Investment Status: Current
GAP Fund: GAP Tech Fund
Develops software cloud infrastructure data and lifecycle management commands to a single command console from which CloudOps teams can provision, manage, troubleshoot and organize private and public cloud resources.


ekare
e-Kare

Mechanicsville, Virginia
CEO: Patrick Cheng
Company Status: ­­­Private
Investment Status: Current
Fund: GAP BioLife Fund
eKare Inc. is developing a solution aim to standardize wound measurement and monitoring, help coordinate and improve outcome


 


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.