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TRX SYSTEMS, INC.

Greenbelt, MD · Defense · Acquired by ACR Group (2022)

Navigation algorithms using terrain and route data for improved tracking on dismounted and mounted platforms

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Updated · trxsystems.com

Sector
Defense
Headquarters
Greenbelt, MD
Latest Form D
$400K, Apr 2017
Total capital
$192M
Federal grants
$6.1M
3 awards · 2017–2020
Rank in peer group#60 of 161
Private capital raised
$900K
2 Form D · last Apr 2017
115 months since last filing
Federal contracts
$185M
44 awards · Defense, Commerce, Transportation
Rank in Defense#53 of 1442
Granted patents
39
1 pending · first 2015
Rank in peer group#2 of 161

Capital timeline

20082012201620202024FEDERAL ↑EQUITY ↓Cumulative $192M2008: $120K across 1 contract2009: $1.3M across 2 contracts2010: $2.2M across 4 contracts2011: $2.1M across 1 contract2012: $800K across 2 contracts2013: $1.0M across 1 contract2014: $2.7M across 2 contracts2015: $2M across 2 contracts2016: $1.6M across 1 contract2017: $4.9M across 1 grant · $4.8M across 3 contracts$9.7M2018: $10K across 1 contract2019: $1.6M across 4 contracts2020: $1.2M across 2 grants · $2M across 3 contracts2021: $6.3M across 3 contracts$6.3M2022: $1.1M across 1 contract2023: $14.3M across 1 contract$14.3M2024: $43.9M across 4 contracts$43.9M2025: $39.2M across 2 contracts$39.2M2026: $57.9M across 6 contracts$57.9M1st Form D$500K2nd Form D$400K
20082012201620202024FEDERAL ↑EQUITY ↓Cumulative $192M2008: $120K across 1 contract2009: $1.3M across 2 contracts2010: $2.2M across 4 contracts2011: $2.1M across 1 contract2012: $800K across 2 contracts2013: $1.0M across 1 contract2014: $2.7M across 2 contracts2015: $2M across 2 contracts2016: $1.6M across 1 contract2017: $4.9M across 1 grant · $4.8M across 3 contracts2018: $10K across 1 contract2019: $1.6M across 4 contracts2020: $1.2M across 2 grants · $2M across 3 contracts2021: $6.3M across 3 contracts2022: $1.1M across 1 contract2023: $14.3M across 1 contract$14.3M2024: $43.9M across 4 contracts$43.9M2025: $39.2M across 2 contracts2026: $57.9M across 6 contracts$57.9M1st Form D$500K2nd Form D$400K

Latest events

  • Federal contractDefense · 0001 TRX-DAPS-23E-1; Trx Daps II System With M-code 0002 TRX-DAPS-0106; Vehicular Interface Adapter (VIA)0003 808-145; Provides Nett Warrior To Usb-a 0004 TRX-DAPS-0108; Daps II Utility Cable$26K
  • Federal contractDefense · This Action Is To Procure One (1) Trx Daps Gen II M-code Compatible GPS Receiver And Required Cable Assembly. Reference Trx Quote #: HL01292026NIWC$17K
  • Federal contractDefense · Two (2) TRX-DAPS-23E-1, Dap II Kit Without Wrist Wearable Device (wwd) Three (3) TRX-DAPS-0106, Vehicular Interface Adapter (via)two (2) 808-145, Glenair Nw To Usb-a Cable One (1) TRX-DAPS-0108, Utility Cable$60K
  • Federal contractDefense · Procurement Of Daps Gen II Systems, Spares, And Associated Components.$1M
  • Federal contractDefense · Procurement Of Daps Gen II Systems, Spares, And Associated Components$56.4M
  • Federal contractDefense · Development Of Low-cost Dismounted-mounted Ecp Prototype System To Support Daps Gen II Program Of Record$388K
  • Federal contractDefense · Procurement Of Mpe-m Update Services In Support Of Dismounted Assured Positioning, Navigation, And Timing System (daps) Program Of Record.$99K
  • Private capital raisedForm D · SEC · 2nd filing$400K
  • Private capital raisedForm D · SEC · 1st filing$500K
Show 40 earlier federal awards
  • Federal contractDefense · Delivery Order To Procure Dismounted Apnt System (daps) Gen II Line Replaceable Units And Associated Hardware.$39.1M
  • Federal contractDefense · TRX-DAPS-23D$16K
  • Federal contractDefense · Trx Dagr GPS Receivers For Lcac Ssc$16K
  • Federal contractDefense · This Task Order Provides Up To 3 Years Of Service Support For The Daps Gen II Program Including Program Support Services And Ecps$16.5M
  • Federal contractDefense · The Scope Of This Effort Is The Procurement Of 2153 Daps Systems$27.3M
  • Federal contractDefense · This Delivery Order Procures 768 Daps Gen II Units And Associated Services.$14.3M
  • Federal contractDefense · Low Swap Collaborative (network Aided) Pnt For Dismounts$1.1M
  • Federal contractDefense · Production Maturation Effort On Daps Gen 1.2B In Preparation For Program Of Record Lrip Effort.$5.5M
  • Federal contractDefense · Trx Systems Neon Drop Kit$25K
  • Federal contractHomeland Security · The Purpose Of This Requisition Is To Establish A New Contract For Trx Signal Mapping.$750K
  • Federal grantDefense · Phase II · Resilient PNT Waveform$645K
  • Federal contractDefense · Referential Positioning Of Non-selective Availability Anti-s$750K
  • Federal contractDefense · The Purpose Of The Contract Action Is For A SBIR Phase II.$1.1M
  • Federal contractHomeland Security · 20.1 Phase I Topic 005: In-building Coverage Analysis System (icas) Using Existing First Responder Radio And Smartphone R&d In Support Of The Small Business Innovation Research Program$150K
  • Federal grantDefense · Phase II · Fusion of Sensor, Terrain and Routing Data to Improve Tracking when GPS is Denied$550K
  • Federal contractDefense · Army Small Business Technology Transfer (sttr)phase I For Effort Entitled, "trx Multi-platform Universal Navigation Solution Manager With Redundant Integrity Monitoring"$166K
  • Federal contractTransportation · Backup Global Positioning System (GPS) Capability Demonstration$68K
  • Federal contractDefense · This Contract Is A Firm Fixed Price Contract As Defined In Far 16.202-1, Issued Pursuant To Small Business Innovative Research Program, Phase I Under Topic A19-038 To Procure Resilient Pnt Waveform.$1.3M
  • Federal contractDefense · Referential Positioning Of Non-selective Availability Anti-spoofing Module (sssm) Capable Tactical Radios (reptac)$150K
  • Federal contractCommerce · Neon Personnel Tracking System$10K
  • Federal grantDefense · Phase II · Handheld Apps for Warfighters$4.9M
  • Federal contractDefense · Igf::ot::igf - Defense Advanced Research Projects Agency (darpa) Small Business Innovation Research (SBIR) Phase II Effort Entitled, "handheld Apps For Warfighters"$3.8M
  • Federal contractDefense · Igf::ot::igf Mobile Activity Tracking System For Field Training And Exercise Assessment - SBIR I$150K
  • Federal contractTransportation · Igf::ot::igf The Contractor Shall Provide Smart Wayfinding And Navigation Using High Accuracy 3D Location Technology (inertial, Uwb, Ble, Map And Vision Aided.)$889K
  • Federal contractDefense · Igf::ot::igf, Low SWAP2 Non-gps Tracker/mapper$1.6M
  • Federal contractInterior · Igf::ot::igf Trx Systems Resilient Systems Personnel Tracking$476K
  • Federal contractDefense · Igf::ot::igf Award Off Baa W56KGU-15-R-0027 For Basic Research For Topic "GPS Denied Navigation And Mapping"$1.6M
  • Federal contractHomeland Security · Igf::ot::igf The Purpose Of This Action Is To Award An Effort Selected Under Broad Agency Announcement (baa) 13-012. As A Result Of This Action, The Total Effort Is Fully Funded. Work Will Be Conducted In Accordance With The Attached Terms And Conditions (28 Pages) And The Statement Of Work (SOW)(6 Pages) Entitled "firefighter Accountability And Proximity System".$457K
  • Federal contractDefense · Igf::ot::igf This Is A Rif Baa Contracting Action Titled: Ground Soldier Embedded Training Enhancement.$2.3M
  • Federal contractDefense · This Effort Is In Response To SBIR (small Business Innovative Research) Announcement, SBIR Topic Number: A11-097, SBIR Phase 2, Topic Number: A11-097$1.0M
  • Federal contractTransportation · Igf::ot::igf Other Function(s) New Contract Award$599K
  • Federal contractDefense · Distributed Navigation Solutions SBIR Phase I$201K
  • Federal contractDefense · Darpa SBIR Phase II, "handheld Apps For Warfighters"$2.1M
  • Federal contractDefense · Darpa SBIR Phase I$148K
  • Federal contractDefense · Darpa Phase II$750K
  • Federal contractDefense · Darpa SBIR Phase II Award.$1.2M
  • Federal contractCommerce · Firefighter Sentinel System$70K
  • Federal contractDefense · Performance Of Work In Accordance With$1.2M
  • Federal contractDefense · Darpa SBIR Ph I$99K
  • Federal contractDefense · Sixth Monthly Report$120K

Federal awards are summed by year (47 awards); hover a bar for the split. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.

Federal first

84months

from TRX SYSTEMS, INC.’s first federal award to its first private round.

First federal award · Jun 2008
Defense · $120K
First Form D · Jun 2015
$500K · 1st Form D
Awards before first raise
13 awards

An association in public records, not a cause or a prediction.

Standing among 161 peers

Line = median

Defense · Software

  • Federal grants#60 · top 37%
  • Granted patents#2 · top 1%

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

Researcher links verified by same-company patents and grants
  • Benjamin FunkResearcherExecutive Officer, PromoterLinked by 2 patents
  • Carole TeolisResearcherExecutive Officer, Director, PromoterLinked by $6.1M in grants as PI
  • Carol PolitiExecutive Officer, DirectorNamed in SEC Form D filings
  • Gilmer BlankenshipDirector, PromoterNamed in SEC Form D filings
  • Jean-Luc AbaziouDirectorNamed in SEC Form D filings
  • William ArmisteadDirectorNamed in SEC Form D filings

What it has protected

USPTO · 39 granted of 40
Show all 40 patent records

Related companies, and why

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 .