Blu Venture Investors

Blu Venture Investors is a venture capital investment company based in Vienna, Virginia, founded in 2010. It focuses on seed and early-stage opportunities across technology sectors including software, information technology, cybersecurity, Internet of Things, digital media, materials and chemical/biological sciences, as well as defense, security and intelligence domains. The firm provides initial growth-stage funding combined with active mentorship to help entrepreneurs scale, and it works with experienced operating executives who have launched new companies and products. Blu Venture Investors typically targets early rounds and may participate in syndicates with other investors; it seeks to support ventures with hands-on involvement, including board seats and advisory input when appropriate. The approach emphasizes practical guidance and strategic support to help portfolio companies navigate product development, go-to-market and regulatory considerations in technology-driven industries.

Eric Adler

Principal

Bikram Bakshi

Partner

Keith Bozeman

Principal

Joe Callanan

Partner

Michael Denning

Partner

Past deals in GovTech

Grey Market Labs

Series A in 2024
Grey Market Labs, a certified B-Corp, specializes in digital security and privacy. Its Replica Platform offers Secure Environments as-a-Service (SEaaS), enhancing organizational protection through patented privacy measures and Zero Trust security. This platform facilitates remote access to critical data and tools, supporting various services like investigations, IP protection, data acquisition, and secure DevOps. With a mission to protect digital life, the company combines commercial engineering expertise and decades of experience supporting the Intelligence Community and Department of Defense, providing a reliable resource for clients.

Procurement Sciences AI

Series A in 2024
Procurement Sciences is a tech company focusing on AI-driven solutions for government contractors. Its core product, Awarded AI, is a comprehensive platform designed to optimize business development, proposal management, and compliance. Key features include AI-powered opportunity search, automated proposal generation, and compliance checking. Tailored for the government contracting sector, the platform ensures robust security and customization, benefiting contractors of all sizes seeking a competitive edge in the federal market.

Lucata

Series B in 2021
Lucata Corporation is a technology company that specializes in enhancing memory utilization through its innovative hardware and software solutions. Founded in 2008 and headquartered in New York City, with additional offices in South Bend, Indiana, Lucata develops motherboards, node cards, and memory servers tailored for various applications such as graph analysis, cyber security, data warehousing, machine learning, and risk analysis. Utilizing patented migrating thread technology, Lucata enables organizations to conduct high-performance analytics on extensive databases exceeding one trillion vertices, facilitating deeper insights into complex data relationships. Its solutions are designed for sectors including financial services, healthcare, telecommunications, and government, allowing for real-time analysis and scalable memory architecture without the need for additional software layers. Lucata's architecture supports energy-efficient processing and significant performance enhancements as hardware scales, positioning the company as a key player in the evolving landscape of big data and analytics.

MixMode

Series A in 2020
MixMode provides network visibility and predictive threat detection for cybersecurity. It offers the MixMode platform, an AI-based solution for real-time detection of known and unknown threats across cloud, hybrid, and on-premise environments. The platform self-learns network baselines, operates without predefined rules or extensive tuning, and enables autonomous threat detection, rapid investigation, and incident response. Deployable in minutes, it streamlines security operations and reduces alert fatigue. MixMode serves large enterprises, financial services, critical infrastructure, and government sectors, with headquarters in Santa Barbara, California and an office in San Diego.

Racktop Systems

Series A in 2019
RackTop Systems, Inc. develops innovative data center solutions with a focus on data security and storage performance. The company's flagship product, BrickStor, is available in several versions: BrickStor Iron, which serves as an enterprise storage platform; BrickStor Titanium, tailored for private cloud environments; BrickStor zFLASH, which offers flash storage with high performance; and BrickStor SP, a software-defined primary data solution that implements a data-centric Zero Trust model to protect against cyber threats such as ransomware. Other offerings include an object storage platform called OSP, enterprise networking solutions through FlexBox, and virtual desktop infrastructure support with vBox. Additionally, RackTop provides MyRacktop, a secure multi-tenant cloud, and an enterprise backup and recovery appliance. The company also delivers consulting services in data storage optimization and information security to various sectors, including banking, education, and government. Founded in 2010 and headquartered in Fulton, Maryland, RackTop Systems has gained recognition for its innovative approach to cybersecurity and data management.

Lucata

Series A in 2017
Lucata Corporation is a technology company that specializes in enhancing memory utilization through its innovative hardware and software solutions. Founded in 2008 and headquartered in New York City, with additional offices in South Bend, Indiana, Lucata develops motherboards, node cards, and memory servers tailored for various applications such as graph analysis, cyber security, data warehousing, machine learning, and risk analysis. Utilizing patented migrating thread technology, Lucata enables organizations to conduct high-performance analytics on extensive databases exceeding one trillion vertices, facilitating deeper insights into complex data relationships. Its solutions are designed for sectors including financial services, healthcare, telecommunications, and government, allowing for real-time analysis and scalable memory architecture without the need for additional software layers. Lucata's architecture supports energy-efficient processing and significant performance enhancements as hardware scales, positioning the company as a key player in the evolving landscape of big data and analytics.

NewConnect

Venture Round in 2017
NewConnect LLC, established in 2011, specializes in fixed wireless broadband services within the Washington, D.C. Metro market. The company caters to enterprise businesses, non-profits, associations, and government agencies, offering high-speed Internet access via dedicated Internet access, Ethernet private line, wireless fiber, and multi-ISP network solutions. Its proprietary next-generation network is designed to overcome underground telecom infrastructure challenges, delivering swift installations and reliable cloud connectivity. NewConnect positions itself as an alternative to traditional phone and cable companies, focusing on providing superior technology and customer service for commercial buildings and organizations in the region.

Atomicorp

Seed Round in 2016
Atomicorp Ltd. is a cybersecurity company established in 2007 and headquartered in Chantilly, Virginia. As a subsidiary of Prometheus Global, Inc., Atomicorp specializes in developing security solutions tailored for cloud, virtual, shared, and dedicated web hosting environments. Their flagship product, Atomic Secured Linux, addresses a wide range of security issues, including site defacement, web application vulnerabilities, and various forms of cyberattacks such as SQL injections and denial of service attacks. The company also provides the Atomicorp GotRoot ModSecurity Rules, enabling users to create web application firewalls. Additionally, Atomicorp offers a repository of security signatures and countermeasures against various threats, ensuring compliance with regulations like PCI-DSS. With a focus on innovation, Atomicorp has pioneered techniques such as "Just in Time" patching, which allows users to secure applications without waiting for official vendor patches. The company serves a diverse clientele, including commercial enterprises and government agencies, and sells its products online.

AmpliFund

Series A in 2016
AmpliFund is a developer of cloud-based grant management software designed to facilitate the entire grant lifecycle for grantmakers, grant seekers, and sub-recipients. The company offers a comprehensive solution that captures grant information as data and automates various activities, enhancing standardization, efficiency, transparency, compliance, and accountability in grant management. Founded by professionals with expertise in grant management, AmpliFund focuses on helping government entities at federal, state, local, and tribal levels to streamline processes, centralize data, and improve reporting capabilities. By providing tools and resources tailored to the needs of its clients, AmpliFund aims to maximize the impact of grant resources and support organizations in realizing the full potential of their funding.

MixMode

Series A in 2016
MixMode provides network visibility and predictive threat detection for cybersecurity. It offers the MixMode platform, an AI-based solution for real-time detection of known and unknown threats across cloud, hybrid, and on-premise environments. The platform self-learns network baselines, operates without predefined rules or extensive tuning, and enables autonomous threat detection, rapid investigation, and incident response. Deployable in minutes, it streamlines security operations and reduces alert fatigue. MixMode serves large enterprises, financial services, critical infrastructure, and government sectors, with headquarters in Santa Barbara, California and an office in San Diego.

StreamLink Software

Venture Round in 2016
StreamLink Software-is a Software-as-a-Service company that develops grant management software for nonprofits and the public sector. Ther grants management solution, AmpliFund, is designed for managing every stage of the grant lifecycle and is at the forefront of automating grant compliance and data standardization in the public sector. It was founded in 2008 and is headquartered in Cleveland, Ohio.

ID.me

Series A in 2014
ID.me provides secure identity verification solutions for individuals and businesses across various sectors. It offers services such as identity proofing, authentication, multi-factor authentication, document verification, compliance monitoring, and group affiliation verification. ID.me's platform enables users to prove their identity securely online, access benefits and services, and avail discounts.

AmpliFund

Series A in 2014
AmpliFund is a developer of cloud-based grant management software designed to facilitate the entire grant lifecycle for grantmakers, grant seekers, and sub-recipients. The company offers a comprehensive solution that captures grant information as data and automates various activities, enhancing standardization, efficiency, transparency, compliance, and accountability in grant management. Founded by professionals with expertise in grant management, AmpliFund focuses on helping government entities at federal, state, local, and tribal levels to streamline processes, centralize data, and improve reporting capabilities. By providing tools and resources tailored to the needs of its clients, AmpliFund aims to maximize the impact of grant resources and support organizations in realizing the full potential of their funding.

StreamLink Software

Series A in 2014
StreamLink Software-is a Software-as-a-Service company that develops grant management software for nonprofits and the public sector. Ther grants management solution, AmpliFund, is designed for managing every stage of the grant lifecycle and is at the forefront of automating grant compliance and data standardization in the public sector. It was founded in 2008 and is headquartered in Cleveland, Ohio.

PathSensors

Debt Financing in 2013
PathSensors, Inc. is a biotechnology and environmental testing company based in Baltimore, Maryland. Founded in 2009, it specializes in high-speed and high-sensitivity detection solutions for pathogens and biological threats, catering to both government and commercial sectors. The company offers several systems, including BioFlash-E, which combines biological aerosol sample collection with near real-time detection capabilities; Zephyr, designed for sensitive identification of biological threats from various surfaces and liquids; and PathSensors Navigator, which automates high-volume sample analysis. Their biosensors can identify a range of pathogens, including Salmonella, Bacillus anthracis, and Ricin toxin. PathSensors' technologies find applications in areas such as biosecurity, food safety, environmental monitoring, and public health. The company operates as a subsidiary of Smiths Detection Inc.

ID.me

Convertible Note in 2013
ID.me provides secure identity verification solutions for individuals and businesses across various sectors. It offers services such as identity proofing, authentication, multi-factor authentication, document verification, compliance monitoring, and group affiliation verification. ID.me's platform enables users to prove their identity securely online, access benefits and services, and avail discounts.

PathSensors

Convertible Note in 2012
PathSensors, Inc. is a biotechnology and environmental testing company based in Baltimore, Maryland. Founded in 2009, it specializes in high-speed and high-sensitivity detection solutions for pathogens and biological threats, catering to both government and commercial sectors. The company offers several systems, including BioFlash-E, which combines biological aerosol sample collection with near real-time detection capabilities; Zephyr, designed for sensitive identification of biological threats from various surfaces and liquids; and PathSensors Navigator, which automates high-volume sample analysis. Their biosensors can identify a range of pathogens, including Salmonella, Bacillus anthracis, and Ricin toxin. PathSensors' technologies find applications in areas such as biosecurity, food safety, environmental monitoring, and public health. The company operates as a subsidiary of Smiths Detection Inc.

ID.me

Venture Round in 2012
ID.me provides secure identity verification solutions for individuals and businesses across various sectors. It offers services such as identity proofing, authentication, multi-factor authentication, document verification, compliance monitoring, and group affiliation verification. ID.me's platform enables users to prove their identity securely online, access benefits and services, and avail discounts.

ID.me

Series A in 2011
ID.me provides secure identity verification solutions for individuals and businesses across various sectors. It offers services such as identity proofing, authentication, multi-factor authentication, document verification, compliance monitoring, and group affiliation verification. ID.me's platform enables users to prove their identity securely online, access benefits and services, and avail discounts.
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