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Tag: Rich Products

Rich Products to spend $27 Million to expand in Morristown Tennessee creating 51 new jobs.

Morristown, Tennessee — According to state and local development sources, Rich Products plans to invest $27,000,000.00 to build out 2,400 square feet of new space in Morristown. The company is creating 51 new jobs at…

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CHAOS Industries, a technology company building the next generation of defense and critical industry technologies, today announces that the company has raised $145 million in Series B funding to support the next phase of its commercial growth and development. The Series B was led by Accel, with participation from 8VC, as well as Overmatch Ventures, Lerner Enterprises, and existing insiders. Proceeds will be used to spur the development of CHAOS Industries’ advanced detection, monitoring, and communication solutions to the defense, government, and commercial sectors, as well as to accelerate the company’s product development, hiring plans, and high-volume manufacturing. The Accel-led Series B round brings total funding raised by the company to $215 million since inception. The company also recently announced the appointment of former U.S. Congressman and Central Intelligence Agency veteran Will Hurd as its Chief Strategy Officer. Mr. Hurd’s decades of experience and deep understanding of defense technology make him uniquely positioned to support CHAOS Industries’ mission-driven engineering strategy and guide the company as it allocates these new resources.

In a statement John Tenet CHAOS Industries Founder and Co-CEO said, “U.S. national security is at an inflection point” “As our adversaries become more sophisticated, America must embrace next-generation technological innovation to combat more complex national security threats. This funding will accelerate CHAOS Industries’ ability to provide the cutting-edge technological solutions the U.S. and its allies need to remain secure.”

Today, CHAOS Industries is actively developing a suite of products known as Coherent Distributed Networks, a paradigm-shifting technology category, which enables unprecedented performance for sensors and effectors. The first product in this category, Vanquish, is a dual-use, multistatic commercial radar that provides early warning and tracking capabilities against unmanned aerial systems, missiles, and aircraft.

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Weatherby Healthcare, has announced that it plans to invest more than $7 million and create 148 new jobs in Raleigh. With this expansion, the company adds a new business unit to its North Carolina presence, while retaining 374 employees in the market. Weatherby Healthcare is an industry leader in locum staffing solutions, helping medical facilities to fill staffing gaps and cover difficult-to-fill specialties. Weatherby Healthcare will occupy 46,000 square feet in One North Hills Tower.

In a statement Luke Woodyard, president of Weatherby Healthcare said, “We’re thrilled to be making the move to Raleigh. We look forward to providing high-paying jobs and the best in workplace culture to Wake County residents.” “We’re thankful for the opportunity to partner with both the city and county to make this transition a reality, and we look forward to joining this dynamic and engaging business community.”

A subsidiary of CHG Healthcare, Weatherby has provided staffing solutions for physicians in rural communities for 45 years. The full-service staffing agency works with medical practices, hospitals, and healthcare facilities to coordinate and execute short-term contracts for healthcare professionals to cover for temporary absences for training, vacation, or medical leave. From housing and travel to licensing and credential requirements, Weatherby covers all aspects of physician placement to ensure complete, uninterrupted care for patients. Weatherby has become one of the largest physician staffing firms in the nation.

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