Fundraising Fox

Department of Defense

Grant agency

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Investment thesis

The largest SBIR/STTR funder: roughly half of all awards ever made. DoD components fund dual-use technology — autonomy, space, microelectronics, energy, human systems — with Phase I awards typically $75k–$250k and Phase II above $1M.

SBIR/STTR awards · non-dilutive funding

Federal grants and contracts to small businesses — no equity taken. Awards on record 1983–2023.

Awards
6,080
Companies funded
2,010
Total awarded
$2.6B
Median award
$150K

3,900 Phase I · 2,180 Phase II · 383 via STTR · most-funded states: CA, MA, VA, MD, TX

Recent awardeesPhaseYearAmount
NINOH, INC.NEW YORK, NYPhase II2023$2.1M
Roam Robotics, IncSan Francisco, CAPhase II2023$1.8M
CEREBRAS SYSTEMS INCSunnyvale, CAPhase II2023$1.8M
SPACERAKE, INC.CAMBRIDGE, MAPhase II2023$1.8M
TAO TREASURES, LLCFrederick, MDPhase II2023$1.6M
AUGMNTR, INC.Berthoud, COPhase II2023$1.3M
OPHIREX, INCCorte Madera, CAPhase II2023$1.3M
EXPEDITION TECHNOLOGY, INC.Herndon, VAPhase II2023$1.3M
BLACKSKY GEOSPATIAL SOLUTIONS, INC.Herndon, VAPhase II2023$1.2M
XCELERIUM INCIrvine, CAPhase II2023$1.2M
APEX TECHNOLOGY, INC.Sherman Oaks, CAPhase II2023$1.2M
MAP LARGE, INC.Atlanta, GAPhase II2023$1.2M
K2 SPACE CORPORATIONSan Francisco, CAPhase II2023$1.2M
Sedaro CorporationArlington, VAPhase II2023$1.2M
TRUE ANOMALY, INCColorado Springs, COPhase II2023$1.2M
OCTANT DATA, LLCNew York, NYPhase II2023$1.2M
PRIMORDIAL LABS INC.New Haven, CTPhase II2023$1.2M
ATOMBEAM TECHNOLOGIES INC.Moraga, CAPhase II2023$1.2M
TAO TREASURES, LLCFrederick, MDPhase II2023$1.1M
ESTAT ACTUATION INCPittsburgh, PAPhase II2023$1.1M
SINTAVIA, LLCFort Lauderdale, FLPhase II2023$937.4K
PRINCETON INFRARED TECHNOLOGIES INCMonmouth Junction, NJPhase IISTTR2023$896.8K
Zeteo Tech, Inc.Sykesville, MDPhase II2023$871.6K
SYNTHIO CHEMICALS INCBroomfield, COPhase IISTTR2023$850K
MOMENTUS SPACE LLCSanta Clara, CAPhase II2023$746.1K
AUGMNTR, INC.Berthoud, COPhase II2023$597.5K
MICHIGAN CRITICAL CARE CONSULTANTS, INC.Dexter, MIPhase I2023$250K
PEARL BIO, INC.Cambridge, MAPhase ISTTR2023$250K
PARRY LABS, LLCColumbia, MDPhase ISTTR2023$209.8K
ACCRETE AI GOVERNMENT LLCNew York, NYPhase I2023$209.2K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are non-dilutive — the agency takes no equity.

Instruments
Grants
Last 12 months
1 investment
Tracked investments
1054

Founder mafia

3 people who came through Department of Defense went on to found or lead other companies.

What they invest in

from 709 of 1054 portfolio companies

Deep Tech ×387Defense Tech ×309Hardware ×292AI & Machine Learning ×126Advanced Manufacturing ×121New Materials ×110Healthtech ×72Space Tech ×69

HQs:United States×300Australia×1Italy×1

Investments · 1,054 tracked

founders shown can be your intro path

By year:2025 · 12023 · 702022 · 1202021 · 832020 · 542019 · 542018 · 642017 · 802016 · 572015 · 562014 · 582013 · 43993 dated

Momentusmomentus.spacein𝕏NASDAQ: MNTSAug 2023 · $746.1K

A space transportation and infrastructure services company providing launch capabilities and orbital logistics for satellites and cargo.

Advanced ManufacturingSpace TechSan Francisco, US

Mikhail Kokorich(Founder)inJohn Rood(Executive Officer)Rob Schwarz(Executive Officer)Lon Ensler(Executive Officer)

BoardBrian Kabot(Director)Jon Layman(Executive Officer)in

Co-investorsCathexis VenturesEvolution VC PartnersJames Beshara FundNazcaOne Way VenturesPrime Movers Lab+3 more

Solid Powersolidpowerbattery.comin𝕏NASDAQ: SLDPMay 2014 · $150K

Solid Power develops all-solid-state battery technology for automotive applications.

EnergyHardwareNew MaterialsLouisville, US

Douglas Campbell(Executive Officer, Director)Alexandra Gold(Executive Officer)Brandon Kelly(Executive Officer)Steve Furhman(Executive Officer)Joshua Buettner-Garrett(Executive Officer)David Jansen(Executive Officer, Director)

Co-investorsBMW i VenturesSnatched Ventures

2B TECHNOLOGIES, INC.twobtech.com
3Derm >>3derm.comNov 2018 · $150K

Co-investorsBoston Harbor Angels

5-D SYSTEMS, INC.5dsystems.comSep 2014 · $979.6K
6K Inc.6kinc.comin𝕏May 2019 · $1.7M

6K uses microwave plasma technology (Unimelt) to produce engineered materials, including battery cathode materials and metal powders for additive manufacturing, with an emphasis on sustainable processes.

Advanced ManufacturingCleantechEnergyNew Materials

Co-investorsEnergy Impact PartnersHG VenturesIn-Q-TelMaterial Impact

A & B Foundry LLCabfoundry.comJul 2023 · $99.4K
A-TECH CORPORATIONatacorp.comin𝕏Nov 2014 · $2.3M

AeroVironment (AV) develops integrated defense systems and autonomous robotic platforms across air, land, sea, and space domains, including unmanned aircraft, loitering munitions, counter-UAS systems, directed energy, electronic warfare, and AI/autonomy software.

AI & Machine LearningDefense TechRobotics

AA PLASMA LLCaaplasma.cominDec 2018 · $2.1M

AAPlasma is an engineering company that researches and develops advanced oxidation processes using non-equilibrium "cold" plasma, UV, and high-voltage electronics, and partners with industry clients to integrate these systems for applications like air cleaning, water treatment, disinfection, and food safety.

CleantechDeep TechNew MaterialsPhiladelphia, US

Greg Fridman(Co-founder)Charles Bailey(Co-founder)

Abomabom.comJun 2018 · $1.1M

Portland, US

David McCulloch(Executive Officer, Director)Howard Russell(Executive Officer)Donald Megrath(Executive Officer)Jack Cornelius(Executive Officer, Director)

BoardPeter Pace(Director)Greg Van Gasse(Director)

Co-investorsKeiretsu Forum

ABZYME THERAPEUTICS LLCabzymetx.comDec 2015 · $799.6K
ACCIPITER SYSTEMS INCaccipitersystems.cominSep 2022 · $1.5M

Accipiter Systems builds high-performance electronic and photonic system interconnect hardware (PCIe switches, network interface cards, expansion chassis) and software (switch software, drivers, APIs, GUIs) for edge AI infrastructure.

AI & Machine LearningDeep TechHardwareWexford, US

DAVID DRURY(Executive Officer)DANIEL M FLYNN(Executive Officer, Director)ADAM BOONE(Executive Officer)ERIC J HELMSEN(Executive Officer, Director)JOHN KRIAK(Executive Officer)

Accreteaccrete.aiApr 2023 · $209.2K

Accrete builds AI systems for enterprise and government/defense work, offering two products: Kepler, which turns an organization's knowledge into expert workflows completed in the company's context with human oversight, and Argus, which provides source-backed intelligence for operators working across complex mission data.

AI & Machine LearningDefense TechEnterprise SoftwareNew York, US

Prashant Bhuyan(Executive Officer, Director)Mayank Patel(Executive Officer, Director)

BoardRobert J. Hugin(Director)Ken Fried(Director)Samuel A. Cole(Director)

ACELLENT TECHNOLOGIES INCacellent.comin𝕏May 2008 · $100K

Acellent Technologies develops Structural Health Monitoring (SHM) systems combining proprietary SMART Layer sensors, data-acquisition hardware, and diagnostic software with algorithms that detect damage, assess severity, and predict remaining usable life of structures.

Deep TechHardwareIoT

ACENTECH INCORPORATEDacentech.comin𝕏Aug 2006 · $899.1K

Acentech is an employee-owned consulting firm of acousticians, engineers, and technical specialists providing acoustics, audiovisual, telecommunications, security, and vibration control consulting.

Construction TechEnterprise SoftwareHardware

Acorn Science & Innovation, Inc.acornsi.comMar 2019 · $1.1M

Acorn Science & Innovation (AcornSI) provides technology-based research, systems engineering, program management, and data analytics services to the US Government and its partners, with capabilities in Maritime ISR, Ocean Sciences, Unexploded Ordnance classification, and Business Intelligence.

Deep TechDefense TechGovTechNorthern Virginia, US

ACTA, LLCactainc.comin

ARCTOS delivers R&D, advanced manufacturing, aerospace safety and risk analysis, and technology development across domains including materials, propulsion, sensors, electronics, and space systems.

Deep TechDefense TechSpace Tech

ACTINIXactinix.comJan 2012 · $150K

Actinix is developing instrumentation that combines fluorescence microscopy and Raman spectroscopy to detect, identify, and analyze microplastics and nanoplastics across sample types such as water, soil, air, food, and biological tissues.

Deep TechHardwareHealthtech

Active Signal Technologies, Inc.activesignaltech.comSep 2011 · $99.3K
Active Spectrum, Inc.activespectrum.comMay 2013 · $1.2M

A content website publishing blog articles on health and wellness topics such as fitness, mental health, home care, and chiropractic treatment.

Media & EntertainmentWellness & Fitness

ACTUATED MEDICAL, INC.actuatedmedical.comin𝕏May 2020 · $527.6K

Actuated Medical develops NeuralGlider, a precision brain access platform that uses electronically controlled ultrasonic motion to maintain trajectory during insertion through brain tissue and improve delivery of brain-directed therapies such as gene therapies to deep brain targets.

BiotechDeep TechHealthtechMedical DevicesBellefonte, US

Paul Frankhouser(Director)Robert Emert(Director)Maureen Mulvihill(Executive Officer, Director)

ADA TECHNOLOGIES, INC.adatech.comMar 2006 · $7.6M

ADA Technologies is a Colorado-based manufacturing company with an R&D division that develops, manufactures, and delivers customized products for advanced market customers.

Advanced ManufacturingDeep TechHardware

ADAPTIVE MANUFACTURING SOLUTIONS LLCams-miti.comJun 2022 · $99.9K

Adaptive Manufacturing Solutions (AMS) provides contract manufacturing services including product development and design, precision machining, fabrication, water jetting, grinding, EDM, tooling, gages and fixtures, assembly, and turnkey manufacturing.

Advanced ManufacturingHardware

Adranos Energetics LLCadranosenergetics.comSep 2016 · $149.9K
ADVANCED CERAMICS MANUFACTURING, LLCacmtucson.comSep 2015 · $1.3M

Advanced Ceramics Manufacturing produces water soluble mandrels, tooling, composite parts, and ceramic components for aerospace, defense, racing, research, and university applications.

Advanced ManufacturingDefense TechNew MaterialsTucson, US

ADVANCED COOLING TECHNOLOGIES INC1-act.comin𝕏Jun 2014 · $4M

Advanced Cooling Technologies (ACT) develops, engineers, and manufactures thermal management products and provides related services including product development, manufacturing, and post-delivery support such as spare parts, repairs, and field servicing.

Advanced ManufacturingDeep TechHardware

Advanced Engines Development Corporationadvanced-engines-corp.com
ADVANCED FUEL RESEARCH, INC.afrinc.com
ADVANCED LIFE TECHNOLOGIES, LLC3dalt.com𝕏Jan 2013 · $5.4M

ALT LLC engineers materials, structures, and on-device AI for robots, prosthetics, drones, and autonomous systems, combining synthetic tissues, high-strength composites, additive manufacturing, and edge machine learning.

AI & Machine LearningNew MaterialsRoboticsSanta Barbara, US

Advanced Magnet Lab, Inc.amlsuperconductivity.comin𝕏Feb 2022 · $1.5M
ADVANCED MATERIALS & DEVICESamadinc.cominApr 2018 · $4.2M

AMAD develops blast-sensing technology, including the OmniBlast product line and a wearable multi-directional blast sensor, along with tools such as air Schlieren imaging for capturing blast wave arrival.

Deep TechDefense TechHardware

ADVANCED ONION INCadvancedonion.com𝕏Mar 2023 · $149.9K

Advanced Onion is a technology services company providing risk analytics and identity management, IT support services, and customer contact center operations for U.S.

CybersecurityEnterprise SoftwareGovTechMonterey, US

ADVANCED POWDER SOLUTIONS INCapowders.comApr 2009 · $1.7M
ADVANCED ROTORCRAFT TECHNOLOGY, INC.flightlab.com
ADVANCED SCIENTIFIC CONCEPTS, LLCasc3d.comin

ASC develops global shutter flash LIDAR (gsf-LIDAR), a solid-state, non-scanning time-of-flight 3D imaging and ranging camera that produces distortion-free point clouds for optical navigation, mapping, and situational awareness.

AI & Machine LearningDeep TechHardware

ADVANCED SYSTEMS & TECHNOLOGIES INCasatechinc.com
Advanced Systems/Supportability Engineering Technologies And Tools, Inc.assettinc.comin𝕏Mar 2005 · $8.1M

VTG provides modernization and digital transformation solutions for U.S. national security and defense customers across sea, air, land, space, and cyberspace domains.

Deep TechDefense TechGovTechChantilly, US

ADVENT DIAMOND, INC.adventdiamond.cominDec 2019 · $1.2M

Advent Diamond designs and manufactures all-diamond semiconductor components, including discrete and integrated devices, using precision-doped diamond films and proprietary low-resistance ohmic contacts.

Deep TechHardwareSemiconductors

ADVENTIUM ENTERPRISES, LLCadventiumlabs.comSep 2015 · $1.1M

Adventium Labs offers the CAMET Library, a subscription-based collection of model-based engineering and analysis tools that help system engineers and architects detect flaws in complex cyber-physical systems during the requirements and design phases.

Deep TechDefense TechDeveloper Tools

Advratechadvratech.comJul 2014 · $1.1M
Aegistgaegistg.comin𝕏Mar 2011 · $398.6K

AV (AeroVironment) builds integrated defense systems including unmanned aerial and ground systems, counter-UAS, precision strike, ISR, directed energy, electronic warfare, and autonomy software for allied military operators worldwide.

AI & Machine LearningDefense TechRobotics

Co-investorsArlington Capital Partners

AERIS LLCaerisllc.cominMay 2023 · $183K

Aeris develops environmental software, atmospheric and climate modeling, and technical services for national security customers, including the U.S.

Climate TechDeep TechDefense Tech

AEROCYONICS, INC.aerocyonics.comJan 2020 · $334.5K

Aerocyonics provides microelectronics assurance services, including failure analysis, device integrity validation, and mission assurance for high-consequence electronic systems.

Deep TechDefense TechSemiconductors

AERODYNE RESEARCH INCaerodyne.comMar 2005 · $1M

Aerodyne Research develops research-grade scientific instrumentation and provides measurement and R&D services focused on environmental and energy challenges.

Climate TechDeep TechHardware

Aeronix, Inc.aeronix.comin

Aeronix designs C6ISR technologies including secure communications, software-defined radios, custom cryptography, tactical data links (IDM/VMF), rugged Ethernet switches, and RF signals intelligence products.

CybersecurityDefense TechHardwareMelbourne, US

Mark Tucker(Chief Scientist)

AEROSOL DEVICES INCaerosoldevices.comin𝕏Feb 2021 · $1M

Aerosol Devices builds instruments that collect, count, and size-classify airborne particles from 5 nanometers to 10 microns, including gentle capture of viruses, bacteria, and microbes while preserving viability and DNA/RNA.

BiotechDeep TechHardware

AET, Inc.aet-usa.comMay 2015 · $243.8K

AET is an engineering design and software development company specializing in radiation-hardened integrated circuits, and it develops software packages for designing engineering systems.

Deep TechHardwareSemiconductorsMelbourne, US

Agiltronagiltron.comin𝕏Mar 2004 · $5.4M

Agiltron engineers optical and electro-optical products, from individual components and modules to complete turn-key systems, including optical switches, modulators, amplifiers, lasers, and photodetectors.

Deep TechDefense TechHardware

agoloagolo.comDec 2022 · $2.1M

Implicit is an AI-powered knowledge platform that aggregates technical content from manuals, tickets, and procedures to provide cited answers to both human workers and AI agents.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsAAF Management Ltd.Cerity Partners VenturesDentsu VenturesM12 (Microsoft's Venture Fund)Point72 VenturesPrime Partners+4 more

Air Squared, Inc.airsquared.comDec 2020 · $1.5M
AKELA INCakelainc.comJun 2014 · $149.9K
AKITA INNOVATIONS LLCakitainnovations.cominMay 2013 · $1.9M

Akita is a materials development company using synthetic chemistry and advanced materials techniques to create products such as antifog and anticontamination coatings, optical dyes, specialty oxidizers, and feedstocks for additive manufacturing.

Advanced ManufacturingDeep TechNew Materials

AKTIVAX, INC.aktivpharmagroup.comMay 2013 · $1.7M
ALAMEDA APPLIED SCIENCES CORPORATIONaasc.spaceJan 2004 · $4.5M

AASC develops electric propulsion systems for satellites that generate thrust by ionizing solid metallic puck fuel (its Metal Pulsed Thruster), avoiding fluids, tanks and heaters.

Deep TechHardwareSpace Tech

ALCHLIGHT, LLCalchlight.comApr 2022 · $167.2K

AlchLight is a technology firm specializing in ultrafast laser material fabrication, using lasers to create micro- and nano-structures on metals and glass at industrial scale for applications such as black/colored metals and superhydrophobic surfaces.

Advanced ManufacturingDeep TechNew MaterialsRochester, US

ALELO TLT LIMITED LIABILITY COMPANYalelo.comin𝕏Jul 2006 · $1.8M

Alelo builds generative and conversational AI avatars for immersive, "learn by doing" training in soft skills, language, and culture, with performance assessment and data analytics for learners.

AI & Machine LearningEdTechHR Tech

W. Lewis Johnson(Dr., Founder)

Alitheonalitheon.cominNov 2019 · $167.4K

Alitheon's FeaturePrint is an optical-AI technology that identifies and authenticates individual physical items by analyzing their inherent surface features without requiring labels, barcodes, or tags.

AI & Machine LearningBellevue, US

David Ross(Executive Officer, Director)Roei Ganzarski(Executive Officer, Director)Roei G.inScot Land(Executive Officer, Director, Promoter)

BoardMarcus Behrendt(Director)inRoss Collins(Director)

Co-investorsBMW i VenturesEmerald Technology Ventures AgIPD CapitalShasta Ventures

ALKEMIX CORPORATIONalkemixcorp.comApr 2021 · $3.6M

Alkemix Corporation supplies advanced materials for the ablative and composite manufacturing industry, partnering to validate, qualify, and distribute existing products while developing lower-cost ablative alternatives to reduce sole-sourced supply risk.

Advanced ManufacturingDeep TechNew Materials

Allcomp Inc.allcomp.netMay 2008 · $2.1M
ALLUVIONIC INC.alluvionic.comin𝕏Sep 2022 · $1.1M

Alluvionic is a woman-owned, SBA 8(a) certified professional services firm providing project management, process improvement, cybersecurity/CMMC compliance, training, and technology development for government and industry clients.

CybersecurityDefense TechGovTech

Browse all 1,054 investments with full details →

854 more tracked companies

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