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Investment thesis

Funds soldier-facing and ground-systems technology through SBIR/STTR, from materials and munitions to medical devices, with xTech prize competitions feeding its award pipeline.

SBIR/STTR awards · non-dilutive funding

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

Awards
18,941
Companies funded
4,519
Total awarded
$6.3B
Median award
$119.5K

12,432 Phase I · 6,509 Phase II · 1,789 via STTR · most-funded states: CA, MA, VA, MD, PA

Recent awardeesPhaseYearAmount
STRADOS LABS, INCPhiladelphia, PAPhase II2023$1.9M
NEURABLE INC.BOSTON, MAPhase II2023$1.9M
PISON TECHNOLOGY INCBoston, MAPhase II2023$1.9M
CARBON LIMIT COBoca Raton, FLPhase II2023$1.8M
NOBLE GAS SYSTEMS INC.Novi, MIPhase II2023$1.8M
ANTHRO ENERGY INCSan Jose, CAPhase II2023$1.8M
INERGY HOLDINGS, LLCPocatello, IDPhase II2023$1.7M
OUTSIDE ANALYTICS INCBROOMFIELD, COPhase II2023$1.7M
OLEDWORKS LLCRochester, NYPhase II2023$1.7M
COOLCAD ELECTRONICS, INC.Takoma Park, MDPhase II2023$1.7M
GREENSIGHT INC.Boston, MAPhase II2023$1.7M
TeraDar, Inc.WATERTOWN, MAPhase II2023$1.7M
QUSECURE INCBelvedere Tiburon, CAPhase II2023$1.7M
LUNEWAVE INC.Tucson, AZPhase II2023$1.7M
ORBITAL TRACTION, LTD.Houston, TXPhase II2023$1.7M
COMPOUND EYE INC.Redwood City, CAPhase II2023$1.7M
SIXMAP INCPasadena, MDPhase II2023$1.7M
INFINITE COMPOSITES, INCTulsa, OKPhase II2023$1.6M
BLUESPACE.AI, INC.Santa Clara, CAPhase II2023$1.6M
EPISYS SCIENCE INCPoway, CAPhase II2023$1.2M
EXPEDITION TECHNOLOGY, INC.Herndon, VAPhase II2023$1.2M
TESSELLATED INCSouth Bend, INPhase IISTTR2023$1.1M
SPARK BIOMEDICAL INC.Dallas, TXPhase IISTTR2023$1.1M
Applied Energetics, Inc.Tucson, AZPhase IISTTR2023$1.1M
METAWAVE CORPCarlsbad, CAPhase II2023$566.2K
BRANCH TECHNOLOGY, INC.Chattanooga, TNPhase I2023$248.7K
QNECT LLCHadley, MAPhase I2023$246.5K
MANTEL CAPTURE, INC.Cambridge, MAPhase I2023$245.9K
BLACK LAB SPORTS LLCBoulder, COPhase I2023$200K
TRADESPACE INCSan Francisco, CAPhase I2023$200K

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

Instruments
Grants
Tracked investments
1447
Unicorns
2
IPOs
6
Acquisitions
4

What they invest in

from 965 of 1447 portfolio companies

Deep Tech ×621Defense Tech ×518Hardware ×498Advanced Manufacturing ×250AI & Machine Learning ×218New Materials ×194Enterprise Software ×158Energy ×112

HQs:United States×672Canada×2Australia×1Spain×1United Kingdom×1South Korea×1

Investments · showing 1200 of 1447

founders shown can be your intro path

By year:2023 · 792022 · 752021 · 542020 · 1062019 · 662018 · 702017 · 922016 · 552015 · 512014 · 432013 · 362012 · 411398 dated

Applied Energeticsaergs.comOTC: AERGAug 2006 · $2.5M

Applied Energetics develops fiber-based ultrashort pulse laser systems designed to deliver high-intensity light pulses for defense applications such as disabling sensors and reconnaissance equipment, with potential commercial uses in biomedical and advanced manufacturing sectors.

Tucson, US

Gregory J Quarles(Executive Officer, Director)inGregory J. Quarles(CEO Emeritus and Director)inChristopher Donaghey(President, Chief Executive Officer and Director)Bradford T Adamczyk(Director)Jonathan R Barcklow(Director)John E Schultz(Director)

Infleqtioninfleqtion.comin𝕏NYSE: INFQSep 2015 · $749.7K

Infleqtion builds neutral-atom quantum computers, precision quantum sensors, and related software, and works on integrated photonics to scale quantum systems.

Deep TechHardwareQuantum ComputingLouisville, US

Dana Anderson(Founder)inPranav Gokhale(Chief Technology Officer)inPaul Lipman(Chief Revenue Officer)inJason D. Hall(Chief Legal Officer)inIlan Hart(Chief Financial Officer)inMatthew J. Kinsella(Chief Executive Officer)in

Co-investorsBreakthrough VictoriaCaruso VenturesForma PrimeGlynn Capital ManagementIn-Q-TelS Ventures+5 more

Lightpath Technologieslightpath.comin𝕏NASDAQ: LPTHSep 2022 · $172.4K

Lightpath Technologies manufactures and sells optical components, assemblies, and modules for infrared and visible light applications, serving defense, industrial, and security customers globally.

Advanced ManufacturingDeep TechDefense TechHardwareOrlando, US

Shmuel Rubin(Chief Executive Officer)Albert Miranda(Chief Financial Officer)inAlan Symmons(Executive Officer)inDorothy Marie Cipolla(Executive Officer)J. James Gaynor(Executive Officer, Director)

BoardM. Scott Faris(Director)

Microvisionmicrovision.cominNASDAQ: MVISDec 2003 · $949.9K

MicroVision develops lidar and perception systems for automotive OEMs, supporting autonomous driving and advanced driver-assistance systems.

Deep TechHardwareMobility & TransportationRedmond, US

STEPHEN P. HOLT(Executive Officer)SUMIT SHARMA(Executive Officer)inALEXANDER TOKMAN(Executive Officer, Director)inGlen DeVos(CEO)inJames Byun(Chief Commercial Officer)inDrew Markham(General Counsel & Secretary, Senior Vice President People Operations)in

nLight Photonicsnlight.netinNASDAQ: LASRDec 2003 · $2.4M

nLIGHT designs and manufactures high-power semiconductor lasers for defense systems, directed energy applications, and advanced manufacturing.

Deep TechDefense TechHardwareVancouver, US

Scott Keeney(Founder)inJake Bell(Executive Officer)David Schaezler(Executive Officer)Rob Martinsen(Executive Officer)inJoseph DeBartolo(Executive Officer)

BoardBill Ericson(Director)

Co-investorsBonaventure CapitalCarbide VenturesMenlo VenturesMultiplier CapitalOak Investment PartnersMohr Davidow Ventures

Solid Powersolidpowerbattery.comin𝕏NASDAQ: SLDPMar 2015 · $199.8K

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

EnergyHardwareNew MaterialsLouisville, US

Douglas Campbell(Executive Officer, Director)inAlexandra Gold(Executive Officer)inBrandon Kelly(Executive Officer)inSteve Furhman(Executive Officer)Joshua Buettner-Garrett(Executive Officer)Linda Heller(Chief Financial Officer, Treasurer, and Secretary)in

Co-investorsAventurine PartnersBMW i VenturesSnatched Ventures

BRIMROSE TECHNOLOGY CORPbrimrosetechnology.comOct 2010 · $2.3M✓ verified

Brimrose Technology develops hyperspectral imaging systems and related instrumentation, receiving substantial funding from U.S.

Deep TechDefense TechHardwareNew MaterialsSpace TechBaltimore, US

Dr. Ronald Rosemeier(Founder and CEO)Dr. Jolanta Soos(Chief Technology Officer)Dr. Sudhir Trivedi(Director of Research and Development)

0 BASE DESIGN, LLC0basedesign.cominJul 2017 · $100K

0Base Design is an engineering services firm that develops systems sensing and processing sound waves, light, and electromagnetism, offering concept design, rapid prototyping, and reverse engineering.

Deep TechHardware

2WITECH SOLUTIONS LLC2witech.comJan 2020 · $166.5K

2Witech Solutions develops sensing products for water monitoring and contamination detection using engineered nanostructures.

CleantechDeep TechNew Materials

3DEO INC3deolidar.comOct 2018 · $764.3K

3DEO, Inc. is an MIT Lincoln Laboratory spin-out that develops airborne Geiger-mode lidar systems capable of capturing 10–30 million 3D measurements per second from high altitudes for large-scale 3D mapping.

Deep TechDefense TechHardwareNorwood, US

3DFlexible Inc3dflexible.comAug 2017 · $3.6M

3DFlexible manufactures a modular digital fabrication platform that integrates milling, printing, and precision manufacturing capabilities for flexible and customizable production workflows.

Advanced ManufacturingDeep TechHardwareNew Materials

4042 AI LLC4042ai.comNov 2020 · $53.2K
6K Inc.6kinc.comin𝕏May 2013 · $1.1M

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-TECH CORPORATIONatacorp.comin𝕏Nov 2006 · $3.3M

AV is a defense technology company that develops integrated defense systems, autonomous robotic platforms, and command-and-control software for military and allied operators.

AI & Machine LearningDefense TechHardwareRobotics

Accelogic, LLCaccelogic.comApr 2016 · $1.1M
Accreteaccrete.aiAug 2023 · $149.2K

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)inMayank Patel(Executive Officer, Director)

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

ACCURATE AUTOMATION CORPORATIONaccurate-automation.comFeb 2009 · $5M
ACELLENT TECHNOLOGIES INCacellent.comin𝕏Dec 2003 · $4.7M

Acellent develops embedded sensor networks in flexible circuits that can be applied to structures for structural health monitoring and real-time diagnostics in demanding environments.

AI & Machine LearningDeep TechHardwareIoTCalifornia, US

Irene J. Li(President & CEO)

ACENTECH INCORPORATEDacentech.comin𝕏Dec 2004 · $950K

Acentech is an acoustics and technology consulting firm that helps clients design spaces and products with optimal sound and vibration performance.

Construction TechDeep TechEnterprise SoftwareHardware

Richard BoltLeo BeranekRobert NewmanBen Markham(President)

ACREE TECHNOLOGIES INCORPORATEDacreetech.cominAug 2006 · $4.1M

Acree Technologies commercializes plasma technology for thin film coatings using physical vapor deposition, serving both private industry and government agencies.

Advanced ManufacturingDeep TechMedical DevicesNew Materials

ACTA, LLCactainc.cominSep 2004 · $1.6M

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

Active Signal Technologies, Inc.activesignaltech.comMar 2009 · $1.9M
Active Spectrum, Inc.activespectrum.comJan 2008 · $840.5K

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

Media & EntertainmentWellness & Fitness

ACTOPROBE LLCactoprobe.comAug 2013 · $1.1M
Actuateactuate.aiin𝕏Oct 2021 · $1.6M

Actuate provides AI-based video analytics that turn existing IP cameras and NVRs into a security detection system, offering real-time alerts for threats such as intruders, loitering, guns, and crowds.

AI & Machine LearningCloud ComputingCybersecurityGovTechSaaS

Sonny Tai(Co-Founder)inKen Francis(CEO)in

Co-investorsBling CapitalDorm RoomGray Line PartnersMetaPropMetaProp VenturesScribble Ventures+4 more

ACTUATED MEDICAL, INC.actuatedmedical.comin𝕏Feb 2021 · $166.5K

Actuated Medical develops a precision platform for guiding deep brain therapy delivery in patients with neurological and neurodegenerative disorders.

BiotechDeep TechHealthtechMedical DevicesBellefonte, US

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

ADA TECHNOLOGIES, INC.adatech.comNov 2003 · $9.1M

ADA Technologies manufactures energy storage products for specialized defense applications.

Advanced ManufacturingDeep TechDefense TechEnergyHardwareEnglewood, US

Russ Farmer(President & CEO)Nada Farmer(Vice President & Chief Financial Officer)James Dong(Vice President of Research and Development)Sayan Naha(Vice President, Business Development)

ADAPTIVE COMPUTATION LLCadaptivecomputation.comSep 2015 · $562.7K

Adaptive Computation develops bio-inspired neural computing systems and adaptive perception technologies for real-time intelligent systems across aerospace, defense, and space domains.

AI & Machine LearningDeep TechDefense TechSemiconductors

Tuan Anh Duong(CEO/Chairman)Nam Trang(VP-Data Science)Allen Stubberud(VP-Advisory)

ADAPTIVE DYNAMICS, INC.adaptive-dynamics.comAug 2013 · $1.2M

Adaptive Dynamics Inc.

Deep TechDefense TechHardware

ADAPTIVE ENERGY LLCadaptiveenergyllc.comin𝕏May 2019 · $2.8M

Adaptive Energy builds propane-powered and solid oxide fuel cell (SOFC) energy systems for backup and off-grid power in harsh, remote conditions.

CleantechEnergyHardware

ADC Acquisition Co. dba Automated Dynamicsautomateddynamics.comOct 2009 · $2.1M
ADELPHI TECHNOLOGY INCadelphitech.comDec 2005 · $950K

Adelphi Technology manufactures neutron generators using Deuterium-Tritium, Deuterium-Deuterium, and thermal neutron sources, offering both actively pumped and sealed systems with yields up to 2x10^10 n/s.

Advanced ManufacturingDeep TechHardwareMedical DevicesRedwood City, US

Melvin Piestrup(Founder/Chairman)

Adherent Technologies, Inc.adherent-tech.comDec 2003 · $140K

Adherent Technologies develops specialty materials, processes, and coatings for aerospace, defense, and industrial applications, with expertise in composite materials, adhesives, polymers, and environmental solutions.

Deep TechDefense TechNew Materials

Dr. Ronald E. Allred(President and Owner/Founder)

Adranosadranos.comNov 2019 · $110.3K

Mchenry, US

Archibald Cox(Director)Ganson Evans(Director)Brandon C. Terry(Executive Officer, Director)Christopher D. Stoker(Executive Officer, Director)

Co-investorsSica VenturesExplorer 1 Fund

ADROIT MATERIALS, INC.adroitmaterials.comNov 2012 · $5.7M
ADVALUE PHOTONICS INCadvaluephotonics.cominNov 2007 · $1.4M

AdValue Photonics manufactures narrow linewidth single-frequency lasers and amplifiers optimized for quantum computing and research applications, including quantum sensing, spectroscopy, and laser cooling.

Advanced ManufacturingDeep TechHardwareMedical DevicesQuantum ComputingTucson, US

ADVANCED BRAIN MONITORING, INC.b-alert.comApr 2010 · $1.9M
ADVANCED CERAMICS MANUFACTURING, LLCacmtucson.comOct 2008 · $70K

ACM manufactures net-shape mandrels using FastCore technology for composite processing, with materials approved for aerospace applications.

Advanced ManufacturingDefense TechHardwareNew MaterialsTucson, US

Advanced Ceramics Research (ACR) Inc. founders

ADVANCED COOLING TECHNOLOGIES INC1-act.comin𝕏Jan 2004 · $4.3M

ACT is a manufacturing company with over 220 employees and extensive facility operations focused on reducing environmental impact through energy conservation, recycling programs, and community sustainability initiatives.

Advanced ManufacturingDeep TechDefense TechHardwareImpact & Social GoodSpace TechLancaster, US

Scott Garner(Co-founder, Vice President of Industrial Products Group)Jon Zuo(President and Chief Technical Officer)

Advanced Engines Development Corporationadvanced-engines-corp.comDec 2005 · $3.1M
ADVANCED FUEL RESEARCH, INC.afrinc.comAug 2017 · $3.8M
ADVANCED MATERIALS & DEVICESamadinc.cominMay 2013 · $93.2K

Amad Inc. develops wearable blast sensors and controllable vehicle suspension technologies.

Deep TechDefense TechHardware

Advanced Optical Systems, Incaos-inc.comNov 2005 · $4.3M
ADVANCED OPTICAL TECHNOLOGIES INCadvanced-optical.cominJun 2011 · $1.7M

Advanced Optical Technologies develops advanced electro-optic sensors and photonics solutions for applications including non-destructive testing and remote sensing.

Advanced ManufacturingAI & Machine LearningDeep TechDefense TechHardwareNew MaterialsAlbuquerque, US

Brian Hoover(Founder)

ADVANCED RESEARCH CORPORATIONarcnano.comSep 2010 · $797.2K

Arcnano is a specialty contract manufacturer operating a MEMs-level thin film wafer fabrication facility and precision engineering machine shop, serving customers in defense, aerospace, semiconductor, and scientific instrument industries.

Advanced ManufacturingDeep TechDefense TechSemiconductorsWhite Bear Lake, US

Matt Dugas(Founder)Judy Oscislowski(Chief Financial Officer)

ADVANCED ROTORCRAFT TECHNOLOGY, INC.flightlab.comDec 2004 · $17.7M
ADVANCED SCIENCE AND AUTOMATION CORPascience.comDec 2004 · $2.3M

Advanced Science and Automation Corporation provides software and consulting services for multi-body dynamics simulation, modeling, and design optimization of physical systems.

Advanced ManufacturingAI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareMobility & TransportationRobotics

Dr. Tamer Wasfy(Founder and Chairman)Hatem Wasfy(Vice President - R&D)

ADVANCED SCIENTIFIC CONCEPTS, LLCasc3d.cominNov 2003 · $5M

ASC 3D provides custom LIDAR solutions leveraging specialized competencies in optics, pulsed lasers, sensor electronics, and 3D perception algorithms.

AI & Machine LearningDeep TechDefense TechHardwareSpace TechSanta Barbara, US

Dr. Roger Stettner(Founder)

ADVANCED SYSTEMS & TECHNOLOGIES INCasatechinc.comMay 2010 · $4M
ADVANCED TECHNOLOGIES GROUP, INC.atgi.usin𝕏Dec 2004 · $2.3M

ATGI designs and manufactures high-power ducted ram air turbines and related systems for airborne platforms used in military and commercial applications requiring power generation.

Deep TechDefense TechHardwareSpace TechStuart, US

ADVATECH PACIFIC, INC.advatechpacific.comOct 2008 · $1.8M

Advatech Pacific is an engineering services firm that provides solutions for aerospace and defense customers.

Advanced ManufacturingDefense TechEnterprise SoftwareHardware

Jay P. Ebersohl(Founder)

ADVENTIUM ENTERPRISES, LLCadventiumlabs.comJun 2014 · $2.4M

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

ADVR, INC.advr-inc.comNov 2010 · $861.4K
AEGIS POWER SYSTEMS INCaegispower.cominJul 2021 · $2.1M

Aegis Power Systems designs and manufactures power supplies and converters for defense and emerging technology applications.

Advanced ManufacturingDefense TechEnergyHardwareMurphy, US

AEGIS TECHNOLOGY, INC.aegistech.netNov 2005 · $6.2M

Aegis Technology specializes in high-performance materials, components, and systems including joining technology, composites, thermal management, and power modules for defense, communications, transportation, energy, and aerospace applications.

Advanced ManufacturingDeep TechDefense TechNew MaterialsSouthern California, US

Aegistgaegistg.comin𝕏Jan 2006 · $5.9M

AV (AeroVironment) develops integrated defense systems spanning air, land, sea, and space, including unmanned aircraft, counter-UAS, loitering munitions, directed energy, and autonomy software for allied military operators.

AI & Machine LearningDefense TechRobotics

Co-investorsArlington Capital Partners

AEROCHARGE INC.aerocharge.coinAug 2023 · $149.8K

AeroCharge develops wireless power delivery technology that enables continuous charging of electronics at a distance, eliminating the need for battery replacements.

CleantechDeep TechEnergyHardwareIoT

Marko Vukovic(Founder and CEO)Greg Magruder(Co-Founder and Head of Engineering)

AERODYNE RESEARCH INCaerodyne.comAug 2005 · $6.9M

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

Climate TechDeep TechHardware

AeroMancer Technologies Corporationaeromancertech.comFeb 2017 · $1.1M
Aeronix, Inc.aeronix.comin

Aeronix designs and manufactures mission-critical communication, networking, and surveillance systems for military and defense applications across ground, air, and maritime platforms.

CybersecurityDefense TechHardwareIoTMelbourne, US

Mark Tucker(Chief Scientist)Nathan J. Smith(President)

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ADVANCED CYTOMETRY INSTRUMENTATION SYSTEMS LLCAradigm CorporationAstrotechnologyAUTOMATED PRECISION, INC.

Browse all 1,447 investments with full details →

1,000 more tracked companies (of 1,247)

BEAM ENGINEERING FOR ADVANCED MEASUREMENTS CO.BEAVERFIT NORTH AMERICA LLCBEDFORD SIGNALS CORPORATIONBeeHex IncBERGEY WINDPOWER COMPANY, LLCBERKSHIRE POWERTECH, INC.BerrieHill Research CorporationBETTERGY CORP.BFE Acquisition Sub II, LLCBHAWIN LLCBIO1 SYSTEMS, Inc.BIODESIGNS, INC.Biodetection Instruments, IncBioenno Tech, LLCBIOO SCIENTIFIC CORPORATIONBIOSENSICS LLCBIOSIPS, INC.BLACK CAPE, INC.Black Lab SportsBLACK RIVER SYSTEMS COMPANY, INC.Blackbox Biometrics, Inc.BLAZETECH CORPORATIONBLUE MARBLE REHAB INCBlue Ridge Research and Consulting, LLCBLUE STORM ASSOCIATES INC.BLUE WAVE SEMICONDUCTORS INCBLUECOM SYSTEMS & CONSULTING LLCBLUERISC INCBlueSpace.ai, Inc.BOARDWALK ROBOTICS, INC.BODKIN DESIGN & ENGINEERING LLCBOSSA NOVA TECHNOLOGIES, LLCBOSTON APPLIED TECHNOLOGIES, INCORPORATEDBOSTON ENGINEERING CORPORATIONBOSTON FUSION CORPBoston MaterialsBostonmicromachinesBOULDER NONLINEAR SYSTEMS, INC.Branch TechnologyBridger PhotonicsBRIGHT APPS LLCBrightSpecBrilligent Solutions, Inc.BRIMROSE 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CommunicationsErigo Technologies LLCESC AEROSPACE US, INCESENSORS INC.ESKRA TECHNICAL PRODUCTS INCEspeyESPIKU INCESPIN TECHNOLOGIES, INC.ETEGENT TECHNOLOGIES, LTD.EULER SCIENTIFICEureka AerospaceEveractiveEVIGIA SYSTEMS LLCEvogen, Inc.EVREN TECHNOLOGIES, INC.EWA GOVERNMENT SYSTEMS, INC.Exergy Engineering LLCExOne Company, TheExonicus, Inc.Expedition TechnologyEXQUADRUM INCFABMETRIX INCFAIRMOUNT TECHNOLOGIES LLCFAIRWINDS TECHNOLOGIES LLCFaraday Technology, Inc.FARUS, LLCFAST FIT TECHNOLOGIES LLCFASTVDO LLCFBS INCFC RENEW, LLCFederal-Fabrics-Fibers, Inc.FffibersFIBERTEK, INC.Fibralign CorporationFILTRATION SOLUTIONS, INC.FIRST RF CORPORATIONFive Stones Research CorporationFlex Force Enterprises Inc.FLIPPER INCFLORA MATERIALS LLCFlorida Turbine Technologies Inc.FLUID RIDE LTDFluxworksForterraFORWARD PHOTONICS LLCFoVI 3D, Inc.FREEDOM PHOTONICS LLCFREENT TECHNOLOGIES, INC.FRIEDMAN RESEARCH CORPFRONTIER TECHNOLOGY INC.FTL LABS CORPFuelxG. 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Exits · 10

6 IPOs · 4 acquisitions · showing 6

Applied EnergeticsOTC: AERGInfleqtionNYSE: INFQLightpath TechnologiesNASDAQ: LPTHMicrovisionNASDAQ: MVISnLight PhotonicsNASDAQ: LASRSolid PowerNASDAQ: SLDP

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U.S. Army has 1,447 tracked investments, 10 of which have exited.