Regeneron Pharmaceuticals Signs $450 Million Deal With U.S. Government for COVID-19 Treatment

Reuters | July 07, 2020

The U.S. government signed a $450 million contract with Regeneron Pharmaceuticals Inc (REGN.O) for its potential COVID-19 antibody cocktail, the drugmaker said on Tuesday. The agreement, the first by the Trump administration to support a therapy, comes under the government’s “Operation Warp Speed” program that is aimed at faster distribution of vaccines and treatments to fight the new coronavirus when trials are successful. The United States is also funding manufacturing and several trials for potential vaccines and has rushed to secure billions of doses of the vaccines being tested by companies around the world.

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When you do business with the Child Welfare Department in a large Midwestern state today, you use DocuSign for every contract. That’s because when the department learned how much time, money, and frustration Digital Transaction Management from DocuSign saves for everybody involved – $70K/year in the department’s direct copying and mailing costs just for starters – it realized it doesn’t make sense not to use DocuSign every time a signature is required.

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EMERGING TECHNOLOGY

Databricks Achieves Expanded FedRAMP® Authorization for its Lakehouse Platform

Databricks | October 17, 2022

Databricks, the lakehouse company, today announced that it has received a FedRAMP® Authorized status from the Federal Risk and Authorization Management Program's Program Management Office (FedRAMP® PMO) for its Cloud Service Offering (CSO) on Amazon Web Services (AWS) at a Moderate impact level, strengthening the Databricks Lakehouse capabilities for the U.S. federal government. This further validates the use of Databricks by federal agencies and contractors, who can now consolidate their data, analytics, and AI with the Databricks Lakehouse Platform to improve the business of the government. FedRAMP® program was created to accelerate the U.S. federal government's adoption of secure cloud solutions and includes an independent third-party assessment organization (3PAO) performing an assessment of the following: Implementation of the 325 FedRAMP® Moderate NIST SP 800-53 controls to protect the confidentiality, integrity, and availability of customer data Vulnerability management practices by conducting independent vulnerability scans Cloud service security by performing independent penetration testing "We're excited to see Databricks' Lakehouse Platform achieve this authorization, reinforcing our commitment to cloud security and the public sector, It has been a pleasure to partner closely with the Centers for Medicare & Medicaid Services (CMS) team on this endeavor. With this FedRAMP® authorization, CMS and other federal customers have the ability to replace legacy data islands with the market leading federated lakehouse, accelerating digital transformation, and driving strategic initiatives. In addition, we're looking forward to continuing to build upon our partnership with AWS as Databricks' presence in the public sector accelerates with this important milestone." -Jude Boyle, Vice President of Public Sector at Databricks. AWS is committed to working with partners to help customers operate more predictably, securely, and efficiently, said Jeff Kratz, General Manager of AWS Worldwide Public Sector Partners. We are pleased Databricks achieved the FedRAMP® authorization. This will help ensure U.S. federal, state, and local government agencies can more securely run their mission critical applications to take full advantage of the cloud's agility and cost savings. About Databricks: Databricks is the lakehouse company. More than 7,000 organizations worldwide — including Comcast, Condé Nast, and over 50% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics, and AI. Databricks is headquartered in San Francisco, with offices around the globe. Founded by the original creators of Apache Spark™, Delta Lake, and MLflow, Databricks is on a mission to help data teams solve the world's toughest problems.

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EMERGING TECHNOLOGY,CYBERSECURITY

IronNet Prioritized by FedRAMP Joint Authorization Board to Pursue Provisional Authority to Operate

IronNet | December 06, 2022

IronNet, Inc. (NYSE: IRNT), an innovative leader Transforming Cybersecurity Through Collective DefenseSM, announced today it has been prioritized by the United States Federal Risk and Authorization Management Program (FedRAMP) to pursue a Provisional Authority to Operate (P-ATO) from the Joint Authorization Board (JAB). FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies and federal agencies. As the primary governance and decision-making body for FedRAMP, the JAB is comprised of the Chief Information Officers from the Department of Homeland Security, General Services Administration, and Department of Defense. “Prioritization to pursue a P-ATO is an important step towards expanding the deployment of the IronNet Collective Defense platform into more federal agencies. As cyber attacks become increasingly more sophisticated, any organization that is still attempting to defend its networks alone is accepting unnecessary risk, Our unique Collective Defense platform includes advanced behavioral analytics and leverages a sophisticated expert system to reduce false positives in order to defend against global cyber attacks. We’re committed to the FedRAMP process to deliver this protection to government agencies at scale as we continue working together to strengthen our nation’s cyber defense.” -General (Ret.) Keith Alexander, CEO and Founder of IronNet. The goal of the FedRAMP program is to grow the use of secure cloud technologies in use by government agencies and enhance the framework by which the government secures and authorizes cloud technologies. IronNet is pursuing FedRAMP High certification to help protect the government’s most sensitive, unclassified data in cloud computing environments. The IronNet Collective Defense platform, powered by AWS, identifies anomalous behaviors and delivers actionable attack intelligence to all the other participants in the IronNet community. The Collective Defense platform serves as an early warning system for all participating companies and organizations, strengthening network security through correlated alerts, automated triage, and extended hunt support. About IronNet, Inc: Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet, Inc. (NYSE: IRNT) is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today.

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EMERGING TECHNOLOGY

AE Industrial Partners Completes Investment in York Space Systems

York Space Systems | November 15, 2022

AE Industrial Partners, LP ("AEI"), a leader in space investing and a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets, announced today that it has completed its majority stake investment in York Space Systems ("York" or "the Company"), an independent provider of small satellites, satellite components and turnkey mission operations. Dirk Wallinger, who founded York in 2012, will remain in his current role as CEO & Board Director, and Charles "Chuck" Beames will continue to serve on the Board of Directors. They will also maintain significant ownership positions in York. Terms of the transaction were not disclosed. Headquartered in Denver, CO, York manufactures and architects low Earth orbit ("LEO"), geosynchronous equatorial orbit ("GEO"), and cislunar spacecraft solutions for the proliferated satellite market. Its products are purposefully designed to balance scalability, manufacturability, and efficiency to meet the schedule-driven, high-volume demand for customers' small satellite constellations. York's spacecraft solutions are designed for all mission types, including communications, EO/IR, radiofrequency, hyperspectral, weather, remote proximity ops, and more. "York has transformed the small satellite market with its complete mission solutions and mass manufacturing capabilities. The Company has become a critical partner to the Space Development Agency ("SDA"), Space Force, and other national security customers given its ability to deliver new satellite technology solutions faster and more cost efficiently than any other player in the market, With significant momentum from multiple marquee national security LEO constellation wins, York now has the ability to manufacture satellites at mass production level scale, which is transformative to the commercial space industry. We are excited to collaborate with Dirk, Chuck and the entire York team as the Company enters into this next stage of growth and development." -Kirk Konert, Partner at AEI. York currently serves a variety of leading government and commercial customers. The SDA recently awarded York an additional contract with a total potential value of approximately $200 million. Known as the T1DES program, York will build and operate 12 prototype satellites that will test satellite communications from LEO to augment the Tranche 1 Transport Layer constellation. As previously announced, York is also providing spacecraft solutions as part of both Tranche 0 and Tranche 1 of the SDA's Transport Layer and has a contract with the U.S. Department of Defense's new proliferated LEO constellation. AEI's experience building other space companies in their portfolio coupled with their strategic investment in York empowers us to continue to compete with the world's biggest aerospace companies while still maintaining the highest level of efficiency and affordability for our government and commercial customers, said Mr. Wallinger. With rote production now well underway at both our Denver Tech Center and downtown facilities, York is well-positioned to meet today's surging commercial and DoD market demand. We are optimistic about the opportunities ahead. About York Space Systems: Headquartered in Denver, CO, York Space Systems was founded in 2012 to radically improve spacecraft affordability and reliability, transforming and enabling next generation space mission operations worldwide. An independent provider of small satellites, satellite components and turnkey mission operations, York's products and solutions are used by both government and commercial customers. About AE Industrial Partners: AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative.

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