GovTech startup Darwin AI closes $15M Series A round
The company builds its artificial intelligence governance tools for agencies to navigate compliance requirements. An artificial intelligence startup focused on the public sector market has landed $15 million in Series A capital, including an investment from Insight Partners. Darwin AI also received backing in this round from existing investors UpWest and Resolute Ventures, the company said Friday. […]
Federal agencies may benefit from slower cloud adoption, Cloudera CEO says
Charles Sansbury believes a “cloud hangover” has led commercial enterprises to reconsider data workload strategies, giving the government an opportunity to gather lessons learned and be “fast followers.” The cloud computing market is changing with more organizations, including federal agencies, shifting away from migrating everything to the cloud to a more selective and hybrid approach. The market […]
Textron’s CEO transition and more leadership moves across the market
Three chief financial officer hires also feature in this new listing of key executive appointments. Textron Lisa Atherton, president and CEO of the conglomerate’s Bell rotorcraft subsidiary, will become chief executive for the corporation on Jan. 4 and join the board of directors. She succeeds Scott Donnelly, who has led Textron as CEO for 16 years […]
Booz Allen cuts more jobs, lowers outlook amid funding slowdowns
“We see our civil business operating in the most challenging market in a generation,” CEO Horacio Rozanski told investors. Booz Allen Hamilton is leaning on the word “bifurcation” to describe today’s government market, onto which the current shutdown has introduced an additional layer of stress and uncertainty on top of what is already there. The civil […]
WT 360: A banker’s guide to navigating the shutdown and staying ready for the reopening
Phil Poliquin, a market executive for J.P. Morgan Commercial Banking’s government sector team, offers general guidelines for contractors on how to carry on during a period when payments from customers are frozen. The business of federal contracting does not entirely come to a halt during government shutdowns, and arguably picks up in other ways, but […]