Sequoia Capital made a seed investment in Mach Industries, a startup company specializing in unmanned aerial vehicles and other defense platforms that run on hydrogen fuel. The funding marks Sequoia’s entry into the hardware defense technology business, the venture capital firm said Thursday. Austin, Texas-based Mach Industries was founded by Ethan Thornton in 2022. It […] More

Nvidia‘s quarterly revenue guidance drove an extended trading session rally in artificial intelligence-related stocks and fueled a 28 percent jump in shares at the company after the bell Wednesday, Reuters reported. The market value of Nvidia increased by $200 billion to more than $960 billion after the company’s stock price hit a record high of […] More

SandboxAQ, a quantum computing technology startup that spun off from Alphabet in 2022, has raised $500 million in a round of funding from several investors to advance quantum and cybersecurity work, Reuters reported Tuesday. Investors include former Google CEO Eric Schmidt, who serves as chairman of SandboxAQ, T. Rowe Price funds, Breyer Capital and Time […] More

NASA is considering the possibility of using SpaceX’s Crew Dragon spacecraft as an alternative vehicle to transport some astronauts from the International Space Station to Earth following the discovery of a coolant leak in Russia’s Soyuz MS-22 spacecraft docked at the ISS, Reuters reported Wednesday. NASA and Russia’s space agency Roscosmos are looking into the […] More

Government IT spending continues to rise, and government agencies are mainly responsible for it. While the federal government is making a concerted effort to cut costs and streamline operations, the total continues to climb across all areas. For the fiscal year 2022, the White House proposed an IT budget of $109.4 billion. This includes the […] More

BigBear.ai announced on Tuesday that Carolyn Blankenship, formerly of Thomson Reuters, has been appointed the new general counsel and secretary to develop and lead the company’s corporate legal overall growth strategy.  “I look forward to leading the legal team as BigBear.ai advances the responsible application of artificial intelligence across the public sector and commercial markets,” said Blankenship.  […] More

Hoan Ton-That, CEO of New York-based Clearview AI, said he intends to focus on winning big contracts from U.S. federal agencies and expand the facial recognition company’s workforce in 2022, Reuters reported Tuesday. “We know that some of these agencies are seeing great success, but they are only at a small five-figure purchase or a […] More

Executive Mosaic is honored to introduce CIA Director William Burns as a 2022 Wash100 Award recipient, the most prestigious award in all of government contracting (GovCon), for his leadership and efforts to protect U.S. national interests against its adversaries such as China and Russia, while managing the CIA’s workforce and streamlining the agency’s application process. […] More

SpaceX has received $337.4 million in a round of equity financing, Reuters reported Wednesday. The space company, which raised approximately $1.16 billion in equity funding in April, reached a valuation of $100 billion after a secondary share sale in October. Its investors include Alphabet and Fidelity Investments. Elon Musk’s company disclosed the new funding round […] More

John Slattery, CEO of General Electric’s aviation business, said GE Aviation is ready to further expand its portfolio of technology platforms through acquisitions, Reuters reported Monday. “I want to be clear that our opportunities to be strategic in the marketplace are effective today,” Slattery said Monday in an interview at the Dubai Airshow. He added […] More

Donald Thomas, formerly a vice president for management consulting at Dell Services, has joined Washington, D.C.-based Ad Hoc as VP to lead its federal business. He will help Ad Hoc deliver consumer technology to its federal customers, the digital services company said Friday in a LinkedIn post. Thomas brings experience in management consulting and in […] More

TYSONS CORNER, VA, June 3, 2021 — NTT Data received a contract to assist the Department of Justice Executive Office for Immigration Review in deploying a new court management system as part of the EOIR Courts and Appeals Systems modernization project, GovCon Wire reported May 18. The information technology services contractor said May 17 it […] More