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Investment thesis

Funds maritime, aviation, and undersea technology through SBIR/STTR — sensing, autonomy, materials, and sustainment — with a strong record of Phase III procurement follow-on.

SBIR/STTR awards · non-dilutive funding

Federal grants and contracts to small businesses — no equity taken. Awards on record 1983–2024.

Awards
26,117
Companies funded
5,036
Total awarded
$8.6B
Median award
$100K

18,115 Phase I · 8,002 Phase II · 2,841 via STTR · most-funded states: CA, MA, VA, MD, PA

Recent awardeesPhaseYearAmount
ATA ENGINEERING, INC.San Diego, CAPhase IISTTR2024$997.4K
GEOOPTICS, INC.Pasadena, CAPhase II2023$4.5M
MAGIQ TECHNOLOGIES, INC.Somerville, MAPhase II2023$2.5M
SERVICE ROBOTICS & TECHNOLOGIES, INC.SPRINGFIELD, VAPhase II2023$1.9M
Onebrief, Inc.Austin, TXPhase II2023$1.7M
N.P. PHOTONICS, INC.Tucson, AZPhase II2023$1.2M
ThayerMahan Inc.Groton, CTPhase II2023$1.2M
Molyworks Materials CorporationLos Gatos, CAPhase II2023$1.1M
QORTEK INCLinden, PAPhase II2023$1.1M
QORTEK INCLinden, PAPhase II2023$1M
REDWALL TECHNOLOGIES, LLCBeavercreek, OHPhase II2023$1M
GREENSIGHT INC.Boston, MAPhase II2023$1000K
EXPEDITION TECHNOLOGY, INC.Herndon, VAPhase II2023$1000K
EXPEDITION TECHNOLOGY, INC.Herndon, VAPhase II2023$998.6K
SLINGSHOT AEROSPACE INCEl Segundo, CAPhase II2023$881.8K
VESCENT TECHNOLOGIES INC.Golden, COPhase II2023$797.5K
NUMAT TECHNOLOGIES INCSkokie, ILPhase II2023$590.1K
MAPLEWELL INCLafayette, COPhase II2023$562K
QORTEK INCLinden, PAPhase I2023$239.8K
General Nano LLCCincinnati, OHPhase II2023$200K
FireHUD, Inc.Atlanta, GAPhase I2023$146.5K
Voxel Innovations, Inc.Raleigh, NCPhase ISTTR2023$146.4K
Continuous Composites Inc.Coeur d'Alene, IDPhase I2023$144.7K
Continuous Composites Inc.Coeur d'Alene, IDPhase I2023$144.5K
N.P. PHOTONICS, INC.Tucson, AZPhase ISTTR2023$140K
ORBITAL MICRO SYSTEMS, INC.Boulder, COPhase I2023$140K
VESCENT TECHNOLOGIES INC.Golden, COPhase I2023$140K
GREENSIGHT INC.Boston, MAPhase I2023$140K
SENTENAI INCCambridge, MAPhase I2023$140K
GREENSIGHT INC.Boston, MAPhase I2023$140K

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
1585
Unicorns
2
IPOs
4
Acquisitions
7

What they invest in

from 1015 of 1585 portfolio companies

Deep Tech ×678Defense Tech ×599Hardware ×539Advanced Manufacturing ×291AI & Machine Learning ×237New Materials ×192Enterprise Software ×185Space Tech ×105

HQs:United States×699Canada×1United Kingdom×1Indonesia×1South Korea×1

Investments · showing 1200 of 1585

founders shown can be your intro path

By year:2025 · 12023 · 592022 · 462021 · 782020 · 1102019 · 782018 · 722017 · 612016 · 772015 · 482014 · 552013 · 531531 dated

Genasysgenasys.comin𝕏NASDAQ: GNSSDec 2020 · $137.4K

Genasys develops "Protective Communications" hardware and software, including the Long Range Acoustic Device (LRAD) and the Genasys Protect platform, for emergency preparedness, mass notification, and inter-agency response.

Defense TechEnterprise SoftwareGovTechHardwareSaaS

Woody NorrisRichard DanforthinRichard S. Danforth(Chief Executive Officer and Director)in

Co-investorsCriteria Venture Tech

Infleqtioninfleqtion.comin𝕏NYSE: INFQMay 2009 · $3.7M

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: LPTHApr 2006 · $899.8K

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)

nLight Photonicsnlight.netinNASDAQ: LASRAug 2005 · $2.1M

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)inRob Martinsen(Executive Officer)inJoseph DeBartolo(Executive Officer)

BoardBill Ericson(Director)

Co-investorsBonaventure CapitalCarbide VenturesMenlo VenturesMultiplier CapitalOak Investment PartnersMohr Davidow Ventures

BRIMROSE TECHNOLOGY CORPbrimrosetechnology.comJul 2020 · $139.8K✓ 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.cominFeb 2020 · $140K

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

14bis Supply Tracking14bis.aeroin𝕏Oct 2021 · $146.5K

14bis supplies technology solutions to the aerospace and defense sector, applying blockchain and data analytics to enable connectivity and visibility in complex defense systems.

Data & InfrastructureDeep TechDefense TechBoston, US

Eleanor Mitch(Founder)in

Co-investorsTechstars

2 CIRCLE, INCORPORATED2circleinc.cominMay 2018 · $1.9M

2 Circle facilitates connections between operational and acquisition communities to address warfighter needs, building on founders' Naval Aviation and Requirements expertise.

AI & Machine LearningDeep TechDefense TechDeveloper ToolsEnterprise Software

3DFlexible Inc3dflexible.comJul 2023 · $139.8K

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

3DSIM LLC3dsim.comMay 2015 · $1.2M
4D TECH SOLUTIONS, LLC4dtechsolutions.cominJun 2020 · $1.2M

4D Tech Solutions develops unmanned systems, rapid prototyping equipment, and advanced technologies for defense and special operations applications.

Deep TechDefense TechEnterprise SoftwareHardwareFairmont, US

Brad DeRoos(Founder)

4S4s-llc.comJun 2018 · $2.7M

4S-Silversword provides custom computer programming and IT services to government agencies, with expertise in health IT, data analytics, business intelligence, and IT/data architecture.

Data & InfrastructureEnterprise SoftwareGovTechHealthtechAlexandria, US

5-D SYSTEMS, INC.5dsystems.comMay 2009 · $387.3K
A-P-T Research, Inc.apt-research.cominJul 2020 · $838.8K

APT Research provides safety engineering and analysis services for government, defense, and space programs, with expertise in system safety, software safety, explosives safety, and risk assessment.

Deep TechDefense TechEnterprise SoftwareGovTechSpace TechHuntsville, US

Tom Pfitzer(Founder/Chairman of the Board)inMeredith Hardwick(Executive Officer, Director)inWilliam Yutmeyer(Executive Officer, Director)John Thomas Pfitzer(Executive Officer, Director)

BoardJohn Frost(Director)Philip R. Owen(Director)

A-TECH CORPORATIONatacorp.comin𝕏May 2004 · $1.7M

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

AA PLASMA LLCaaplasma.cominJul 2021 · $140K

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)

Abeam Technologies Inc.abeamtech.comSep 2017 · $229.9K

aBeam Technologies develops software for simulating and optimizing semiconductor manufacturing and nanofabrication processes, including electron beam lithography, mask-making, metrology, and defect inspection.

Deep TechHardwareSemiconductors

ACCIPITER SYSTEMS INCaccipitersystems.cominMay 2009 · $3.7M

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)inDANIEL M FLYNN(Executive Officer, Director)ADAM BOONE(Executive Officer)ERIC J HELMSEN(Executive Officer, Director)inJOHN KRIAK(Executive Officer)

ACCURATE AUTOMATION CORPORATIONaccurate-automation.comJun 2004 · $11.2M
ACELLENT TECHNOLOGIES INCacellent.comin𝕏Jun 2010 · $4.3M

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.comin𝕏Jun 2007 · $1.9M

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)

Acfibersacfibers.comMay 2014 · $3.4M

Advanced Ceramic Fibers (ACF) manufactures high-performance composite fibers made from metal carbides and carbon cores, designed for extreme-temperature and demanding applications in aerospace, nuclear, space, and energy sectors.

Advanced ManufacturingDeep TechHardwareNew Materials

Dr. John Garnier(Founder & Co-inventor)

ACME ATRONOMATIC, LLCmyradar.comin𝕏Jul 2023 · $139.9K

MyRadar is a weather app that provides high-definition radar, NOAA weather alerts, temperatures, forecasts, and a hurricane and tropical storm tracker.

ConsumerMedia & Entertainment

Acorn Science & Innovation, Inc.acornsi.comMay 2016 · $80K

AcornSI provides maritime intelligence, surveillance, and reconnaissance (ISR) solutions and research & development services, serving military and defense organizations.

Deep TechDefense TechEnterprise SoftwareGovTechNorthern Virginia, US

Robert Willetts(President & Co-Founder)Hyrum Laney(Executive Vice President and Co-Founder)

ACREE TECHNOLOGIES INCORPORATEDacreetech.cominDec 2004 · $3.1M

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

ACSILABS, INC.acsilabs.orgJun 2021 · $1.7M

ACSILabs offers a cloud-based virtual world platform designed for organizational training and strategic rehearsals, enabling distributed teams to practice complex business scenarios with granular performance metrics and immersive feedback.

AI & Machine LearningEdTechEnterprise SoftwareFuture of WorkMental Health

Lia A. DiBello(Interim Chief Executive Officer and Chief Science Officer)David M. Lehmann(Chief Operating Officer)E. Sterling Chamberlain III(Chief Technology Officer)

ACTA, LLCactainc.cominMay 2006 · $664.9K

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.comMay 2004 · $269.1K
Active Spectrum, Inc.activespectrum.comJun 2008 · $1.7M

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

Media & EntertainmentWellness & Fitness

ADA TECHNOLOGIES, INC.adatech.comDec 2003 · $9.5M

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 DYNAMICS, INC.adaptive-dynamics.comJun 2007 · $13.2M

Adaptive Dynamics Inc.

Deep TechDefense TechHardware

ADC Acquisition Co. dba Automated Dynamicsautomateddynamics.comApr 2007 · $2.6M
Addiguru, LLCaddiguru.cominNov 2022 · $139.9K

Addiguru provides real-time monitoring technology for additive manufacturing processes that detects defects during the build process, independent of equipment type or materials.

Advanced ManufacturingAI & Machine LearningHardwareIoT

ADDITIVE INNOVATIONS LLCadditiveinnovations.cominJul 2023 · $139.9K

Additive Innovations develops applications and solutions leveraging binder jetting and additive manufacturing technologies for industrial manufacturing verticals.

Advanced ManufacturingDeep TechHardwareNew Materials

Douglas Zemba(Chief Executive Officer)inAndrew Klein(Chief Technology Officer)inJohn Hartner(Senior Advisor)in

ADDITIVE MANUFACTURING INNOVATIONS LLCaminnov.comJul 2022 · $140K
Adherent Technologies, Inc.adherent-tech.comMay 2004 · $4.3M

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)

ADOLF MELLER COMPANYmelleroptics.comJun 2016 · $1.1M
ADROIT MATERIALS, INC.adroitmaterials.comJun 2016 · $1M
Adsys Controls, Inc.adsyscontrols.comin𝕏May 2010 · $1.8M

Adsys Controls manufactures specialized sensors, gimbals, and navigation systems for unmanned aerial systems (UAS) and UAV platforms.

Deep TechDefense TechHardwareRobotics

ADVALUE PHOTONICS INCadvaluephotonics.cominMay 2008 · $1.3M

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.comFeb 2009 · $100K
ADVANCED CERAMICS MANUFACTURING, LLCacmtucson.comApr 2013 · $1.3M

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 Coherent Technologies LLCadvanced-coherent.comNov 2005 · $10.3M
ADVANCED CONDUCTOR TECHNOLOGIES LLCadvancedconductor.comJun 2012 · $3.4M

Advanced Conductor Technologies manufactures high-temperature superconducting CORC cables for high-field magnet and power transmission applications.

Deep TechEnergyHardwareNew MaterialsSemiconductors

ADVANCED COOLING TECHNOLOGIES INC1-act.comin𝕏May 2005 · $12.4M

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 GLOBAL SERVICES LTDadvancedglobalservices.comSep 2010 · $5.9M

Advanced Global Services (AGS) is a technology incubator focused on research, development, and engineering of new materials and surface technologies for defense applications.

Deep TechDefense TechNew Materials

ADVANCED INFONEERING, INC.advancedinfoneering.comMay 2007 · $1.5M
ADVANCED MATERIALS & DEVICESamadinc.cominAug 2011 · $2.5M

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

Deep TechDefense TechHardware

ADVANCED ONION INCadvancedonion.com𝕏Jul 2021 · $390.6K

Advanced Onion provides risk analytics, enterprise IT support, secure software development, and customer contact center services primarily for federal government agencies and military organizations.

CybersecurityDefense TechEnterprise SoftwareGovTechMonterey, US

Paul Temple(Founder, VP of Business Development)

Advanced Optical Systems, Incaos-inc.comFeb 2005 · $5.7M
ADVANCED POWDER SOLUTIONS INCapowders.comAug 2005 · $669.6K
ADVANCED ROTORCRAFT TECHNOLOGY, INC.flightlab.comJun 2004 · $9.7M
ADVANCED SCIENTIFIC CONCEPTS, LLCasc3d.cominMay 2008 · $10.2M

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 SIMULATION RESEARCH INCasri-tech.comJun 2009 · $219.7K

ASRI develops visual simulation systems and real-time sensor data processing solutions for military training and situational awareness applications.

AI & Machine LearningDeep TechDefense TechOrlando, US

Juan Vaquerizo(President / CEO / Founder)Sandra Vaquerizo(VP / COO)Dr. Lisa Spencer(CTO)

ADVANCED SYSTEMS & TECHNOLOGIES INCasatechinc.comJan 2010 · $8.9M
Advanced Systems/Supportability Engineering Technologies And Tools, Inc.assettinc.comin𝕏May 2004 · $26.3M

VTG provides modernization and digital transformation solutions to U.S.

Cloud ComputingDeep TechDefense TechDeveloper ToolsGovTechChantilly, US

ADVANCED TECHNOLOGIES GROUP, INC.atgi.usin𝕏Nov 2004 · $3.3M

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

ADVANCED TECHNOLOGY AND RESEARCH CORPORATIONatrcorp.com𝕏Jul 2004 · $16.7M

ATR develops specialized material handling equipment and machines for the United States Postal Service (USPS), including automated tag cancelling, tray processing, and package recovery systems used in mail sorting and distribution facilities.

Advanced ManufacturingDeep TechDefense TechHardwareLogistics & Supply ChainRoboticsBeltsville, US

Advancedchemistryadvancedchemistry.bizMar 2013 · $200K
ADVATECH PACIFIC, INC.advatechpacific.comJul 2004 · $229.9K

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

Advanced ManufacturingDefense TechEnterprise SoftwareHardware

Jay P. Ebersohl(Founder)

Other

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

Advanced Engines Development CorporationADVANCED FUEL RESEARCH, INC.AIL RESEARCH INCAPPLIED SIMULATIONS INCAudiodontics LLC

Browse all 1,585 investments with full details →

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BARRON ASSOCIATES, INC.Bascom Hunter Technologies, Inc.BASIC COMMERCE & INDUSTRIES INCBAYSPEC, INC.BCL TechnologiesBEACON INTERACTIVE SYSTEMS LLCBEAM ENGINEERING FOR ADVANCED MEASUREMENTS CO.BEAR FIBER, INC.BEDFORD SIGNALS CORPORATIONBemeyersBerrieHill Research CorporationBesttestBETTERGY CORP.BEYOND PHOTONICS, LLCBGI LLCBIG METAL ADDITIVE LLCBig Nerd Ranch LLCBIHRLE APPLIED RESEARCH INCBINERGY SCIENTIFIC, INC.Bioenno Tech, LLCBIOMOJO LLCBioNet SonarBIOSPHERICAL INSTRUMENTS, INC.BLACK RIVER SYSTEMS COMPANY, INC.Blackbox Biometrics, Inc.BLACKBOX ENERGY SYSTEMS, LLCBlackmore Sensors and Analytics, Inc.BLACKSKY AEROSPACE LLCBLADE DIAGNOSTICS CORPORATIONBLAZETECH CORPORATIONBlue Force Technologies, Inc.BLUE RIDGE ENVISIONEERING, INC.Blue Ridge Research and Consulting, LLCBLUE STORM ASSOCIATES INC.BLUEMONT TECHNOLOGY & RESEARCH, INC.BLUERISC INCBLUEYEQ LLCBNNT MaterialsBoardwalk Contracting Services Corp.BODKIN DESIGN & ENGINEERING LLCBOSSA NOVA TECHNOLOGIES, LLCBOSTON APPLIED TECHNOLOGIES, INCORPORATEDBOSTON ENGINEERING CORPORATIONBOSTON FUSION CORPBostonmicromachinesBOULDER ENVIRONMENTAL SCIENCES AND TECHNOLOGY, LLCBOULDER NONLINEAR SYSTEMS, INC.BRAYTON ENERGY LLCBRECHTEL MANUFACTURING, INC.BRIDGE 12 TECHNOLOGIES, INC.Bridger PhotonicsBRIGHT SILICON TECHNOLOGIES, INC.BRIGHTOUTCOME INCBRIMROSE CORPORATION OF AMERICABRISK COMPUTING LLCBTECH ACOUSTICS LLCBTP Systems, LLCBUNKER SUPPLY CO LLCBUSEK CO., INC.C & P Technologies Inc.C K TECHNOLOGIES LLCC-2 INNOVATIONS INC.C-CRETE TECHNOLOGIES LLCCaelum Research CorporationCALABAZAS CREEK RESEARCH, INC.CALIOLA ENGINEERING, LLCCalRAM, Inc.CalypsoCAMX Power LLCCANDENT TECHNOLOGIES INCORPORATEDCANVASS LABS INCCapcoincCarbon Solutions IncCARDINAL ENGINEERING, LLCCARLEY TECHNOLOGIES, INCCarnegie Robotics LLCCARVER SCIENTIFIC, INC.Cascade Clean Energy, Inc.CASCADE TECHNOLOGIES INCCATALYTE, LLCCELLULAR MATERIALS INTERNATIONAL, INC.Centeye, Inc.CEPEDA ASSOCIATES, INC.CERANOVA CORPCesium AstroCFD RESEARCH CORPORATIONCHARLES RIVER ANALYTICS, INC.Chesapeake Technology International, Corp.CHI SYSTEMS INCCHIMAERA SCIENCE LLCCHIP SCAN, INC.CHROMOLOGIC LLCCIENCIA INCCitrine InformaticsCLEAR SCIENCE INCCLEARSENS, INC.CLEVELAND MEDICAL DEVICES, INC.CLOSTRA INCCMotive TechnologiesCMSOFT, INC.CoachMePlusCOASPIRE LLCCOBALT SOLUTIONS INCCOBALT SPEECH AND LANGUAGE, INC.Cobra Design & Engineering, IncCODAR OCEAN SENSORS, LTDCognionics, Inc.COGNITECH CORPORATIONCOGNITICS INCCOGNITIVE PERFORMANCE GROUP OF FLORIDA, LLCCoherent NavigationCOHERENT TECHNICAL SERVICES, INC.COLE ENGINEERING SERVICES, INC.COLORADO ENGINEERING INC.COLVIN RUN NETWORKS, INCCOMBUSTION RESEARCH & FLOW TECHNOLOGY INCCOMBUSTION SCIENCE & ENGINEERING, INC.Commonwealth Computer Research IncCompact Membrane SystemsCOMPASS SYSTEMS, INC.Compendium Federal Technology, LLCCOMPOSITE ENERGY TECHNOLOGIES, INC.COMPOSITE TECHNOLOGY DEVELOPMENT, INC.COMPOSITES AUTOMATION LLCCOMPUTATIONAL PHYSICS, INC.COMPUTATIONAL SCIENCES LLCCONCENTRIS SYSTEMS LLCCONCEPTS BEYOND, LLCConcepts NREC, LLCConductivecompositesCONNECTICUT ANALYTICAL CORPORATIONCONNECTSIX LLCConsensus NetworksConstellation Data Systems, Inc.CONTINENTAL CONTROLS AND DESIGN, INC.Continuous CompositesCONTINUOUS SOLUTIONS INCCONTINUUM DYNAMICS INCCONTROLLED DYNAMICS INC.CoolCAD ElectronicsCoreform LLCCORNERSTONE RESEARCH GROUP INCCORNERSTONE SOFTWARE SOLUTIONS INCCorrdesa, LLCCORTANA CORPORATIONCORVID TECHNOLOGIES, LLCCOUGAAR SOFTWARE INCCPS TECHNOLOGIES CORP.CREARE LLCCreative Action LLCCREATIVE MICROSYSTEMS CORPORATIONCREATIVE TECHNOLOGIES, INC.CREATIVE THERMAL SOLUTIONS, INC.CRITICAL COMMUNICATIONS, CONTROLS AND INSTRUMENTS, LLCCritical Frequency DesignCritical Technologies IncCROSSFIELD TECHNOLOGY LLCCrowdAICROWN POINT TECHNOLOGIES LLCCryomech, Inc.CuaerospaceCustom Manufacturing & Engineering, IncCustom Mmic Design Services, Inc.CVD MESOSCRIBE TECHNOLOGIES CORPCYAN SYSTEMS, INC.CYBERNET SYSTEMS CORPORATIOND & K EngineeringD 2 INCD P LlcD-TECH, LLCD'Angelo Technologies, LLCDAICO INDUSTRIES, INC.DANIEL H WAGNER ASSOCIATES INCDAQRI LLCDARE VENTURE GROUP LLCDATA FUSION & NEURAL NETWORKS, LLCData Fusion CorporationDATACRUNCH LAB, L. L. C.DATANOVA SCIENTIFIC LLCDataSoft Corp.DAYTON T. 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Exits · 11

4 IPOs · 7 acquisitions · showing 4

GenasysNASDAQ: GNSSInfleqtionNYSE: INFQLightpath TechnologiesNASDAQ: LPTHnLight PhotonicsNASDAQ: LASR

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U.S. Navy has 1,585 tracked investments, 11 of which have exited, including 1 dated in the last 24 months.