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TRX Systems

Greenbelt, US · Maryland corporation · 1 known investors

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TRX Systems develops assured positioning, navigation, and timing (PNT) solutions for GPS-denied environments, serving military warfighters as well as security and commercial users. Its NEON technology fuses satellite PNT with inertial sensors and map data to track users indoors and in other GPS-denied areas.

Deep TechDefense TechHardware

Founders & leadership

CTCarole Teolis
Carole TeolisCofounder/CTO
CPCarol Politi
Carol PolitiPresident, CEO, Board MemberCarol Politi is President and CEO of TRX Systems, which develops positioning, navigation, and timing solutions for GPS-contested environments using satellite, sensor, environmental, and map data.
GB
Gilmer BlankenshipNamed on SEC filing
BF
Benjamin FunkNamed on SEC filing

Board

WA
William ArmisteadBoard director
JA
Jean-Luc AbaziouBoard director

Investors · 1

Reported raises · per SEC filings

Form D private placements

$900K disclosed across 2 rounds · 2015–2017

▶$400KraisedApr 2017 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gilmer BlankenshipDirector, Promoter
  • Benjamin FunkExecutive Officer, Promoter
  • William ArmisteadDirector
  • Jean-Luc AbaziouDirector
  • Carol PolitiExecutive Officer, Director
  • Carole TeolisExecutive Officer, Director, Promoter
Offering amount
$400K
Amount sold
$400K
First sale
Mar 2017
Incorporated
Corporation, Maryland
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$500KraisedJun 2015 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gilmer BlankenshipDirector, Promoter
  • William ArmisteadDirector
  • Carole TeolisExecutive Officer, Director, Promoter
  • Benjamin FunkExecutive Officer, Promoter
  • Carol PolitiExecutive Officer, Director
  • Jean-Luc AbaziouDirector
Offering amount
$500K
Amount sold
$500K
First sale
May 2015
Incorporated
Corporation, Maryland
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 1

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Companies working in the same space as TRX Systems.

Non-dilutive funding · 24 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
Department of Homeland SecurityPhase II2021$750K
U.S. Air ForceAir ForcePhase II2020$750K
U.S. ArmyArmyPhase II2020$644.7K
U.S. ArmyArmyPhase II2020$550K
U.S. ArmyArmyPhase ISTTR2020$166.5K
Department of Homeland SecurityPhase I2020$150K
U.S. ArmyArmyPhase I2019$107.9K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2018$4.9M
U.S. Air ForceAir ForcePhase I2017$150K
National Science FoundationPhase II2014$724.9K
U.S. ArmyArmyPhase II2013$1000K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2012$2.1M
National Science FoundationPhase I2012$150K
U.S. ArmyArmyPhase I2012$100K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2011$1.1M
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase I2011$148.3K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2010$1.2M
U.S. ArmyArmyPhase II2010$1.2M
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2010$750K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase I2009$99K
National Science FoundationPhase II2008$500K
U.S. ArmyArmyPhase I2008$120K
Department of DefenseNational Geospatial-Intelligence AgencyPhase I2008$100K
National Science FoundationPhase I2007$100K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does TRX Systems do?
TRX Systems develops assured positioning, navigation, and timing (PNT) solutions for GPS-denied environments, serving military warfighters as well as security and commercial users. Its NEON technology fuses satellite PNT with inertial sensors and map data to track users indoors and in other GPS-denied areas.
Who founded TRX Systems?
TRX Systems was founded by Carole Teolis.
Who are TRX Systems's investors?
TRX Systems's investors include In-Q-Tel.
How much funding has TRX Systems raised?
TRX Systems has disclosed $900K raised across 2 rounds.
Where is TRX Systems headquartered?
TRX Systems is headquartered in Greenbelt, US.