TEDCO, Maryland’s economic engine for technology companies, announced a recent Pre-Seed Builder Fund investment of $150,000 into CyDeploy, a woman- and minority-led startup working to provide businesses with security solutions to improve the overall functionality of their systems. TEDCO’s Builder Fund invests in and provides executive support to Maryland-based technology companies run by entrepreneurs who demonstrate economic disadvantage.
“Technology requires continual maintenance and updates, but sometimes there are unforeseen consequences of these updates. That’s why we created a process to help mitigate any costly delays or problems that could occur,” stated Tina Williams-Koroma, founder and CEO of CyDeploy. “We are thankful for TEDCO’s support, helping us to help our clients remain informed about the possible issues that could occur, allowing them to make informed decisions and create strategies to combat any potential delays or breakdowns.”
CyDeploy, based in Baltimore, Md., created an intelligent automated functional testing solution. By creating a digital twin of the system, CyDeploy allows users to test how planned security updates will impact a system’s functionality. Through this process, businesses can make changes with confidence, knowing that any updates to their systems will not break the functionality of any part of the system. This assurance allows businesses and business owners to rest assured, knowing that they won’t need to suffer through the costly downtime that occurs when functionality breaks.
“CyDeploy created a solution to a frequent, costly problem,” said TEDCO’s Jean-Luc Park, senior director of Social Impact Funds. “By taking extra measures, businesses can ensure up-time and robust security are decisions actively made by the business. We are excited to be a part of CyDeploy’s growth and can’t wait to see where the business goes from here.”
TEDCO provides funding, resources and connections that early-stage technology and life sciences companies need to thrive in Maryland. For entrepreneurs interested in applying for TEDCO funding opportunities, visit https://www.tedcomd.com/funding.
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
