Pangiam is planning to invest $3.1 million to establish their global headquarters in Fairfax County. In addition, the project is likely to create 201 new jobs over the period of next three years. Furthermore, the company intends to tap into this dynamic local workforce to meet growing domestic and international demand.
Pangiam is a technology company streamlining the travel and security industries. Moreover, they are a leading provider of facial recognition technology, cloud-based applications, and data-driven digital identity solutions to customers across the global transportation and security sectors. A team of senior customs and security professionals founded the company. Furthermore, the company’s core computer vision and facial recognition technologies leverage artificial intelligence and machine learning to improve threat detection and response.
20,000 square feet of office space
Governor Glenn Youngkin today announced the expansion decision from Pangiam on September 22, 2022. Hence, the technology company will build 20,000 square feet of new office space. “When innovative companies like Pangiam establish their headquarters in the Commonwealth, it strengthens our position as a leader in the technology sector and reinforces Northern Virginia’s reputation as an epicenter with the security industry. Pangiam will benefit from Fairfax County’s proximity to its target customers and an outstanding tech workforce that makes this region one of the most desirable locations for IT businesses worldwide.” Governor Youngkin said in a statement.
201 new jobs at global headquarters
The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to secure the project for Virginia. Moreover, they will support Pangiam’s job creation through the Virginia Jobs Investment Program (VJIP). Pangiam has announced that establishment of their new headquarter will create 201 new jobs. “We chose Virginia as our headquarters for a variety of reasons. First, it’s home. Our leadership team is either from Virginia or built their careers and families here, so it was only right to build and try to contribute to the local community when we started Pangiam.” Pangiam’s Chief Investment Officer Tom Plofchan said in his statement.
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