Auxa Health recently 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, 31 regions, including Baltimore and Philadelphia, are competing for 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.
In other news, Hydrosat Inc. in Washington, DC is preparing to launch its first satellites into orbit with the assistance of SpaceX. Additionally, individuals on TikTok are concerned that a ban could negatively impact their communities, especially those with stigmatized interests. 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, and like-minded individuals to engage with.
