Earlier, a $4 million investment in Manassas-based Virgil Security was the biggest yet for a Mach37 alumni company. Like many cyber companies in the D.C. area, Cyber Algorithms traces its origins to the government intelligence community. Managing partner Rick Gordon admits that a lack of entrepreneurial experience has made it harder for some founders to woo investors. The inherent risk built into the start-up economy means that smart investors tend to favor those with entrepreneurial experience. On Tuesday morning, the company announced a $1 million investment from local angel investment firm Blu Venture Investors.

Source: Washington Post November 20, 2016 17:49 UTC