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White House | February 08, 2020
The White House is pushing to dedicate an additional billion dollars to fund artificial intelligence research, effectively doubling the budget for that purpose outside of Defense Department spending, Reuters reported today, citing people briefed on the plan. Investment in quantum computing would also receive a major boost. The 2021 budget proposal would reportedly increase AI R&D funding to nearly $2 billion, and quantum to about $860 million, over the next two years. The U.S. is engaged in ...
White Oak Commercial Finance | November 19, 2021
White Oak Commercial Finance, LLC , an affiliate of White Oak Global Advisors, LLC, announced it provided a $5 million factoring facility to a Texas-based government contractor specializing in providing support services to the U.S. Government and subcontractors.
The transaction was structured against the company’s receivables to fuel its rapid growth and secure new government contracts of increasing size and complexity.
“White Oak was able ...
Bright Pattern | January 20, 2022
Bright Pattern, a leading provider of AI-powered cloud contact center software, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership. Under the agreement, Carahsoft will serve as Bright Patterns' Master Government Aggregator®, making the company's industry-leading omnichannel contact center software available to the Public Sector through Carahsoft's NASA Solutions for Enterprise-Wide Procurement (SEWP) V, ITES-SW2, NASPO...
Castellum, Inc. | December 27, 2021
Castellum, Inc. announces the signing of a letter-of-intent (LOI) to acquire an East-coast based government contractor generating over $4 million in annualized revenue. Subject to due diligence and the execution of a definitive purchase agreement, the Company hopes to close the acquisition in the first quarter of 2022.
“We are happy to announce our next LOI, which adds more than 25 employees and further strengthens our past performance by adding more capabilities in In...
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