FAIRFAX COUNTY, Va.–(BUSINESS WIRE)–Earlier right this moment, Governor Glenn Youngkin introduced that Pangiam, an rising expertise firm streaming the journey and safety industries, will make investments $3.1 million to set up its international headquarters at 7950 Jones Branch Drive in Fairfax County. With this new operation, which incorporates the addition of 20,000 sq. toes, Pangiam can enhance capability to meet rising home and worldwide demand. The challenge will create 201 new jobs over the following three years.
“We selected Virginia as our headquarters for a wide range of causes. First, it is house. Our management crew is both from Virginia or constructed their careers and households right here, so it was solely proper to construct and attempt to contribute to the local people after we began Pangiam,” stated Pangiam’s Chief Investment Officer Tom Plofchan. Second, Northern Virginia has actually grow to be a hub for expertise corporations like ours. The proximity to the federal authorities offers a singular alternative to entry companions and assets for a crucial a part of our enterprise. Finally, the human expertise in Virginia is world-class. Our collaboration with Virginia’s universities has helped our crew, only a handful of individuals with a imaginative and prescient lower than three years in the past, compete with among the largest corporations in the world for expertise.”
The firm is a number one supplier of facial recognition expertise, cloud-based functions, and data-driven digital id options, with prospects throughout the worldwide transportation and safety sectors.
“With security all the time on the forefront of everybody’s minds, Fairfax County is happy to have Pangiam’s headquarters in Fairfax County, the guts of America’s nationwide safety infrastructure,” stated Fairfax County Board of Supervisors Chairman Jeffrey C. McKay. “As Pangiam works to safe our ports of entry utilizing next-generation expertise, we welcome their enlargement to Tysons and the a whole lot of recent jobs they’re bringing.”
Pangiam was based by a crew of senior customs and safety professionals with a long time of collective expertise in the safety and aviation sectors. Through innovation, rising expertise, and the facility of information analytics, Pangiam solves the safety, facilitation, and operational challenges of recent organizations face right this moment. The firm’s core laptop imaginative and prescient and facial recognition applied sciences leverage Artificial Intelligence and Machine Learning to enhance risk detection and response, facilitating the secure, safe, and expedited motion of individuals and items all over the world. Pangiam’s concessions and funding follow leverages these applied sciences and strategic partnerships and growth capital to construct and function crucial infrastructure comparable to airport terminals and ports of entry. Notable prospects embrace DHS, the US Airforce, Delta Airlines, United Airlines, and Reagan National Airport.
“Pangiam’s choice to set up their headquarters right here in Fairfax County is a good instance of our group’s sturdy place as a spot of alternative for tech trade leaders,” stated Victor Hoskins, president and CEO of Fairfax County Economic Development Authority (FCEDA). “We are honored to have Pangiam name Fairfax County house.”
Fairfax County Economic Development Authority labored with the Virginia Economic Development Partnership to safe the challenge for Virginia and will help Pangiam’s job creation by means of the Virginia Jobs Investment Program (VJIP), which offers consultative providers and funding to corporations creating new jobs to help worker recruitment and coaching actions. As a enterprise incentive supporting financial growth, VJIP reduces the human useful resource prices of recent and increasing corporations. VJIP is state-funded, demonstrating Virginia’s dedication to enhancing job alternatives for residents.
“When modern corporations like Pangiam set up their headquarters in the Commonwealth, it strengthens our place as a frontrunner in the expertise sector and reinforces Northern Virginia’s popularity as an epicenter for this trade,” stated Governor Youngkin. “Pangiam will profit from Fairfax County’s proximity to its goal prospects and an excellent tech workforce that makes this area one of the fascinating places for IT companies worldwide.”
About Fairfax County Economic Development Authority (FCEDA)
FCEDA promotes Fairfax County as one of many world’s prime places for enterprise and expertise, and affords website location and enterprise growth help, and connections with county and state authorities companies, to assist corporations find and develop in Fairfax County. FCEDA is headquartered in Tysons, Fairfax County’s largest enterprise district, and maintains places of work in key international enterprise facilities: Bangalore/Mumbai, Berlin, London, Los Angeles, Seoul, and Tel Aviv. For extra details about FCEDA, go to www.fairfaxcountyeda.org, or observe us on LinkedIn, TwitterFacebook and YouTube.