Potomac Research LLC

Alexandria, VA · Defense · Private

Hybrid Boolean Network Physical Unclonable Function (HBN-PUF) — a hardware authentication firmware upgrade for FPGA processor cores

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Updated

Sector
Defense
Headquarters
Alexandria, VA
Total capital
$8.5M
Federal grants
$3.7M
5 awards · 2020–2025
Rank in peer group#111 of 164
Private capital raised
None on recordNo Form D filings on SEC EDGAR. Some raises are not filed.
Federal contracts
$4.8M
11 awards · Defense
Rank in Defense#532 of 1442
Granted patents
1
6 pending · first 2024
Rank in peer group#68 of 164

Capital timeline

20182019202020212022202320242025FEDERAL ↑EQUITY ↓Cumulative $8.5M$1.1M$1.1M$1.1M$1.5M$1.1M$1.1M
2018202020222024FEDERAL ↑EQUITY ↓Cumulative $8.5M$1.1M$1.5M$1.1M

Latest events

  • Federal contractDefense · Small Business Innovation Research (SBIR) Phase II, Topic A23-004, UAS Continuous Time Spectrum Situational Awareness. This Furthers The Effort Initiated Under Phase I Contract W58RGZ-24-C-0012.$1.1M
  • Federal grantDefense · Phase II · Small Business Innovation Research (SBIR) Phase II, Topic A23-004, UAS Continuous Time Spectrum Situational Awareness. This Furthers The Effort Initiated Under Phase I Contract W58RGZ-24-C-0012.$1.1M
  • Federal contractDefense · Small Business Innovation Research, Phase I. Topic A244-042, Continuous Time Spiking Neural Network Field Programmable Neural Network Array.$250K
  • Federal grantDefense · Phase I · Small Business Innovation Research, Phase I. Topic A244-042, Continuous Time Spiking Neural Network Field Programmable Neural Network Array.$250K
  • Federal contractDefense · Army Small Business Innovation Research (SBIR) Phase I For Effort Entitled, "UAS Continuous Time Spectrum Situational Awareness".$111K
  • Federal grantDefense · Phase I · Army Small Business Innovation Research (SBIR) Phase I For Effort Entitled, "UAS Continuous Time Spectrum Situational Awareness".$111K
  • Federal contractDefense · Darpa SBIR Phase II Proposal For The Effort Entitled "near-term Forecasting Of Nonstationary Dynamic Processes"$1.5M
Show 9 earlier federal awards
  • Federal grantDefense · Phase II · Provably Unclonable Functions on Re-configurable Devices$1.1M
  • Federal contractDefense · Army Small Business Technology Transfer(sttr) Program For The Effort Entitled "provably Unclonable Functions On Reconfigurable Devices"$1.1M
  • Federal contractDefense · Base Effort - SR1 Phase I. Continuous Time Dsp Using Reconfigurable Devices.$111K
  • Federal contractDefense · Darpa Small Business Innovative Research (SBIR) Phase I Program For Effort Entitled, "near-term Forecasting Of Nonstationary Dynamic Processes"$120K
  • Federal grantDefense · Phase II · Provably Unclonable Functions on Re-configurable Devices$1.1M
  • Federal contractDefense · Progress Report$146K
  • Federal contractDefense · Army Small Business Innovation Research (SBIR) Phase I Program For Effort Entitled,"software Solutions For True Random Number Generation"$99K
  • Federal contractDefense · Army Small Business Technology Transfer (STTR) Program To Support Effort Entitled, "provably Unclonable Functions On Re-configurable Devices"$150K
  • Federal contractDefense · SBIR Phase I: Topic # A18-034 Development Of Machine Learning Enabled Near-real-time Situational Response For Mechanical Systems$98K

Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.

Standing among 164 peers

Line = median

Defense · Device

  • Federal grantsBelow median
  • Granted patents#68 · top 41%

Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.

Founders and team

No founders are linked to this company yet.

Founders appear once a person is matched to the company through its own patents, grants or filings. We never infer people from social profiles.

Checked: USPTO inventors; federal award principal investigators; SEC Form D related persons · Oct 23, 2026

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What it has protected

USPTO · 1 granted of 7
Show all 7 patent records
  • 5-PS-RESOLUTION Waveform-capture-device On A Field-programmable Gate-array With Dynamic Phase-shiftingJan 22, 2026 · Application 18645529Pending
  • 5-PS-RESOLUTION Waveform-capture-device On A Field-programmable Gate-array With Dynamic Phase-shiftingMay 28, 2024 · US 11,994,571Granted
  • Model-free Control Of Dynamical Systems With Deep Reservoir ComputingMar 31, 2022 · Application 17426071Pending
  • 5-PS-RESOLUTION Waveform-capture-device On A Field-programmable Gate-array With Dynamic Phase-shiftingApplication 63177435Pending
  • Model-free Control Of Dynamical Systems With Deep Reservoir ComputingApplication PCTUS2020015350Pending
  • Model-Free Control of Dynamical Systems with Deep Reservoir ComputingApplication 62836310Pending
  • Model-Free Control of Chaos with Deep Reservoir ComputingApplication 62797561Pending
  • SPECTROHM, INCSimilar federal contract value in Defense · $4.9M in contracts
  • PAXAURIS LLCSimilar federal contract value in Defense · $4.8M in contracts
  • Xcom Wireless, IncSimilar federal contract value in Defense · $4.8M in contracts
  • DEEPSIG INC.Similar federal contract value in Defense · $4.8M in contracts
  • TIBARAY, INC.Similar federal contract value in Defense · $4.8M in contracts
  • VISHWA ROBOTICS AND AUTOMATION LLCSimilar federal contract value in Defense · $4.8M in contracts

Regulatory activity · Defense

Sector-level, not company-level

Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.

Sources

Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.

How to read this page

Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.

Data freshness

SEC Form D filings through . SBIR and STTR awards through .