MARYLAND INNO Includes AAEDC in Article on Annapolis Startup’s $7.2M Series A Funding Round

May 25, 2022

MARYLAND INNO, the Baltimore Business Journal’s outlet covering the people, companies, and ideas shaping and driving the region’s innovation economy, recognized the role of AAEDC’s early support for an Annapolis-based tech startup in the following article:

Annapolis startup Xona Systems raises $7.2M Series A round as it eyes international growth

AAEDC began working with the company, which provides a secure platform for businesses to use digital tools to control physical infrastructures such as oil rigs or wind turbines, shortly after its founding (in 2017) and provided it with a loan from its Next Stage Tech Fund.

Created for Anne Arundel County-based technology government contractors that provide a product or service that supports the nation’s cyber and defense industry, the fund offers flexible terms and low rates to innovative businesses that are ready to grow and ready to hire.

Learn more about the Next Stage Tech Fund here.

 

My ArundelBiz Podcast: Great Frogs Winery »