Feb
22

Is DC Going Through A Tech Boom?

Lifestyle

This just in: The hottest tech jobs are now thousands of miles from San Francisco and Silicon Valley. That’s right — with different kinds of companies loading up on engineering talent while traditional tech behemoths expand their reach, DC and New York now have more job openings for software developers than those iconic California tech markets. The reason for this sizable shift? Tech companies cut more than 150,000 jobs last year, with many layoffs happening in San Francisco and Silicon Valley. In light of that development, tech recruiters these days are encouraging candidates to consider jobs in other markets and industries, where career growth and stability are prioritized over stock options. For DC, this realignment could mean more residents and economic growth.

Wondering which companies to keep an eye on? Here’s our roundup of the hottest tech companies in DC today.

#1 Amazon At National Landing: The tech giant’s campus at National Landing has firmly established itself as an international center for innovation and technology. Amazon’s commitment to build its second headquarters campus in VA serves as both a validation and the impetus for National Landing’s continued growth as an incubator for creative, 21st-century businesses. Amazon’s major commitment — and the public-private partnerships that were established as a result — will spur billions of dollars worth of transportation enhancements, modern offices, diverse housing options, and enhanced greenspaces, as well as a dynamic mix of shops, restaurants, entertainment and other community-oriented retail. Rumor has it other large tech giants will open up shop nearby.

#2 Facebook: When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology — and their growing presence in Downtown DC is an important part of that next chapter. Meta has been quieter about DC growth, but we have seen it first hand with more and more clients moving from the west coast to the area.

And, here are some smaller tech companies in the DC area to look out for:

#3 OSIbeyond: Then there is the large number of contractors and companies in the cyber securty tech world. Example OSIbeyond is a managed IT service provider based out of Rockville, Md. The company, founded in 2004, has more than 20 employees and provides cybersecurity, IT management services, IT strategy consulting, and cloud consulting to small and mid-market nonprofits along with business service organizations.

#4 Aligned Technology Solutions: A Washington, DC-based IT services provider founded in 2010, ATI has a team of over 15 employees that serves small to mid-market businesses. Additional services include cloud consulting & SI, cybersecurity, and voice services.

#5 ThunderCat: ThunderCat is the premier and trusted provider of Information Technology to government organizations, educational institutions, and commercial enterprises. As a Service-Disabled Veteran-Owned Small Business and value-added reseller, ThunderCat approaches each engagement with integrity and commitment to help customers fulfill their mission.


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#6 Electo Analytics: A 2021 Halcyon fellow, DC-based Electo is a public affairs software company that developed a collaborative workspace for policy teams. Cofounders Naeim Khanjani and Soraya Bagheri were DC Startup Week winners in the growth-stage category, and Khanjani was named to the Forbes Next 1000 for promising entrepreneurs in 2021.

#7 Derm To Door: Founded by dermatologist Lily Talakoub, McLean, Virginia-based Derm to Door is an AI-based app that virtually diagnoses skin issues with what it says is 98% accuracy, while allowing for appointment scheduling.

#8 Meaningful Gigs: The DC-based company, which was founded in 2019, is a startup connecting local companies to product designers and developers based in Africa. It recently launched Meaningful U, a data-science and machine-learning-based software that hosts learning modules and job-training assistance for the designers in MG’s repertoire. The company is on its way to achieving its mission of 100,000 new jobs for African designers by 2028.

#9 JoyLet: The baby gear rental startup was founded by two Georgetown University MBA students who met in 2019. In the few years they’ve been around, founders Allison Cavasino and Natalie Poston have secured $12,000 in non-dilutive funding as the grand prize winner of the Georgetown Entrepreneurship Challenge and an additional $30,000 from the Georgetown Bark Tank pitch competition.

#10 AppDrop: Georgetown-based Adrian Abrams and Kamar Mack launched their no-code software company in 2019, allowing founders to build applications without hiring a developer. The startup is one of two DC companies to land a spot in the inaugural Future Collective Fellowship Program, nabbing $24,000 in funding (plus accolades) from Fiverr, 1863 Ventures, and maestra.

#11 Laudable: Founded by Angela Ferrante, founding CMO of Sparkfund, Laudable is a B2B marketing platform to help companies find and engage customers through video reviews and testimonials. In 2021, the DC-based startup joined Y Combinator, added a CTO, and raised $2.95 million in seed funding, leaving plenty of room to grow in the years ahead.

#12 SnapCalorie: This DC-based startup, which lets users snap a picture of any food and receive a calorie count, is another 2021 Y Combinator company. Helmed by ex-Google and aerospace execs, the company is set to enter a $9 million market, according to its founders.

The list could go on! If you’re thinking about buying or selling in the DC area, contact us today. Book a consultation here.