TEDCO, Maryland’s economic engine for technology companies, announced a recent $100,000 Pre-Seed Builder Fund investment in PerVista. TEDCO’s Pre-Seed Builder Fund is housed under TEDCO’s Social Impact Funds which were created to engage and invest in economically underserved founders and communities.
“Thanks to TEDCO’s investment, PerVista AI is poised to advance our crucial mission of safeguarding schools and public spaces from the threat of firearms,” said Vennard Wright, CEO and president of PerVista. “We are immensely grateful for this funding and the collaboration it signifies, which not only validates our efforts but empowers us to continue innovating for the safety and well-being of our communities.”
PerVista, Inc., located in Oxon Hill, Md., a company developing artificial intelligence (AI) solutions that will support a proactive approach to threat detection. By analyzing electro optical signals from drones and surveillance cameras, the company offers personalized security solutions to all industries including commercial, government and healthcare.
“With a technology centered mission, PerVista’s innovative thinking is a great example of how TEDCO’s Builder Funds can be used to support the technology startup ecosystem in Maryland,” said Jean-Luc Park, senior director of TEDCO’s Social Impact Funds. “We expect that with this funding, they will continue moving forward and develop their business and technology.”
PerVista has taken advantage of other TEDCO resources including the Urban Business Innovation Initiative (UBII), DefTech program, a collaborative initiative that connects small businesses in Maryland to Department of Defense laboratories.
As a part of TEDCO’s Builder Fund portfolio, PerVista will be provided with resources like hands-on executive support, peer-to-peer mentoring and collaboration, and networking opportunities. For more information about TEDCO’s funding opportunities, visit our page at https://www.tedcomd.com/funding. Investment applications are open year-round.
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.
