citybiz+ NewSpring-owned Bridge Core Raised Undisclosed Amount in July

McLean, Va.-based Bridge Core Federal, a provider of IT and cybersecurity services to the federal government, said it raised an undisclosed amount from unnamed investors in July.

The eight-year-old startup has seen a flurry of activity over the past two months. In July, it was acquired by Radnor, Pa.-based NewSpring Holdings, an investment firm managing over $3 billion, after which Chad Kim, an IT veteran with significant experience in government, was named as its CEO.

GeoYeti Acquisition

Earlier this month, Bridge Core said it was acquiring GeoYeti, a government services startup, in a bid to emerge as a “full-spectrum intelligence company.”

“This acquisition is more than just an integration of capabilities, it’s an investment in the brilliant minds who are redefining how analysis is performed in the intelligence community,” said Kim, whose experience includes stints at IBM and Avantus Federal. “As the data landscape evolves, the human element — our analysts, data scientists, and engineers — becomes increasingly critical in transforming raw data into precise, actionable insights”

Bridge Core founders Tyler Laverick and Andy Rackovan are to stay on with the company in key leadership roles. Laverick, who has degrees in marine engineering and National Security and Strategic Studies, served as the company’s CEO before Kim took over. Rackovan, who has engineering degrees from Penn State, is an AWS architect, and serves as Bridge Core’s chief technology officer. Both worked together at the Shattuck Group.

Focus on Advanced Analytics

GeoYeti, co-founded by the trio of Josh Weinstein, Joe Governski and Evan Newman, focuses on advanced analytics, data science, and development, and has operations in the District of Columbia and four states — Maryland, Virginia, Colorado and Arkansas.

Governski, who serves as GeoYeti’s CEO, said his startup relentlessly pursued advancements in data and analytics, and developed a “ground-breaking Analysis-as-a-Service (AaaS) approach,” which seamlessly integrates agile software development principles with intelligence analysis.

citybiz+ Sponsors

“Our core values of a shared commitment to excellence resonate seamlessly with Bridge Core’s culture of trust and teamwork to advance mission through innovation,” he said, after GeoYeti’s acquisition by Bridge Core.

citybiz+ Cohorts

“Integrating GeoYeti into the Bridge Core platform is a significant step forward in aligning technology directly to mission outcomes,” said Lee Garber, NewSpring’s general partner. “By fusing GeoYeti’s Agile Analytics with our Tech-to-Mission services, we enhance the speed and precision of intelligence operations. This streamlined synergy enables Bridge Core to convert data into actionable insights more efficiently, increasing both mission success and ROI for the intelligence community.”

Garber is betting that Bridge Core, aligned with GeoYeti’s offerings, would be able to provide a holistic solution to the U.S. intelligence community and win more lucrative government contracts.