Falls Church, VA (February 10, 2026) – Scare the Bear Capital (STB), a private equity investment firm focusing specifically on the lower middle market businesses supporting Federal Government missions, announced today that its portfolio company Apira Technologies was acquired by Woven Solutions, a portfolio company of Falfurrias Management Partners.
Apira is an emerging technology company specializing in computer vision, machine learning, and AI systems. Operating at the nexus of AI-enabled content creation, synthetic media detection, and the increasing need for innovative and secure methods of digital engagement, Apira supports the National Security and law enforcement communities with cutting-edge SaaS products and bespoke technical expertise.
The strategic acquisition of Apira deepens Woven’s suite of software products, leading edge engineering and R&D talent, and tip of the spear customer and prime contract access. Woven and Apira already serve many of the same customers today, and this partnership will strengthen Woven’s ability to deliver holistic commercial technology solutions to cyber operators across the National Security community.
Scare the Bear Capital invested in Apira Technologies in 2023 and supported several value-added initiatives that included business development, partnership building within the federal industry, and support as an active board member. “It was an honor to partner with the Apira executive team and support their journey from early stage start up to significant player in the National Security AI industry”, said Matthew Dean, Managing Partner of Scare the Bear Capital.
“As one of our earliest investors and board members, their capital investment, strategic guidance, and operational support has had a meaningful impact on our business from the very beginning, and we couldn’t be happier to celebrate this outcome with them today,” said Apira CEO Jeff Smeraglinolo about Scare the Bear Capital.
About Scare the Bear Capital
Scare the Bear Capital is a private equity investment firm headquartered in Falls Church, VA, that partners with lower middle market companies supporting Federal government clients. The firm makes non-controlling financial investments combined with bringing experienced advisors to support those small businesses in their growth and value creation trajectory.
