Recently, Auxa Health secured a $5.2 million seed round of funding and was also featured by Nasdaq. The healthcare tech company is focused on utilizing AI to simplify access to benefits and make them more understandable. The founder emphasized the importance of making these benefits accessible to care teams, caregivers, and patients alike.
Meanwhile, there is a competition among 31 regions, including Baltimore and Philadelphia, to receive federal funding as designated Tech Hubs. While this could mean tens of millions of dollars for the selected regions, a similar program from the past had shown no significant benefits. This raises the question of whether government-led industrial policy can drive innovation successfully or if it may clash with market trends.
On a different note, Hydrosat Inc., based in Washington DC, is preparing to launch its first satellites into orbit this year with the assistance of SpaceX. Additionally, TikTok users are concerned that a ban could negatively impact their communities, especially those with stigmatized interests. Furthermore, Google is investing $1 billion to expand data centers in Virginia and Deloitte acquired a public health research and consulting services company in Takoma Park.
Looking ahead, there are upcoming events such as an entrepreneur meetup on April 30 hosted by Capitol Creators and Champions as well as the return of DC Tech Meetup on May 1 with the theme of “Innovator Spotlight.” These events provide networking opportunities for individuals in the tech industry to connect and collaborate. Technical.ly’s open community Slack provides a platform for individuals to find news, events, jobs