TURNAROUND FACTOR, INC.

Richmond, VA · Defense · Private

Hardware-In-The-Loop (HITL) tester for battery management system (BMS) security validation

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Updated · turnaroundfactor.com

Sector
Defense
Headquarters
Richmond, VA
Total capital
$30.7M
Federal grants
$7.1M
11 awards · 2016–2026
Rank in peer group#3 of 27
Private capital raised
None on recordNo Form D filings on SEC EDGAR. Some raises are not filed.
Federal contracts
$23.6M
86 awards · Defense, Commerce, Veterans Affairs
Rank in Defense#244 of 1442
Granted patents
None on recordNo USPTO grants. Applications publish after 18 months.

Capital timeline

200520092013201720212025FEDERAL ↑EQUITY ↓Cumulative $30.7M2005: $270K across 1 contract2007: $1.8M across 4 contracts2008: $4.6M across 15 contracts$4.6M2009: $3.7M across 13 contracts$3.7M2010: $26K across 1 contract2013: $224K across 2 contracts2014: $325K across 3 contracts2015: $135K across 2 contracts2016: $149K across 1 grant · $200K across 2 contracts2018: $797K across 2 contracts2019: $140K across 1 grant2020: $2.1M across 3 grants · $88K across 2 contracts$2.2M2021: $1.6M across 1 grant · $3.3M across 5 contracts$4.9M2022: $1.0M across 1 grant · $3.7M across 4 contracts$4.7M2023: $1.0M across 1 grant · $859K across 5 contracts2024: $734K across 5 contracts2025: $390K across 2 grants · $1.6M across 13 contracts$2M2026: $680K across 1 grant · $1.3M across 7 contracts
200520092013201720212025FEDERAL ↑EQUITY ↓Cumulative $30.7M2005: $270K across 1 contract2007: $1.8M across 4 contracts2008: $4.6M across 15 contracts$4.6M2009: $3.7M across 13 contracts$3.7M2010: $26K across 1 contract2013: $224K across 2 contracts2014: $325K across 3 contracts2015: $135K across 2 contracts2016: $149K across 1 grant · $200K across 2 contracts2018: $797K across 2 contracts2019: $140K across 1 grant2020: $2.1M across 3 grants · $88K across 2 contracts2021: $1.6M across 1 grant · $3.3M across 5 contracts$4.9M2022: $1.0M across 1 grant · $3.7M across 4 contracts$4.7M2023: $1.0M across 1 grant · $859K across 5 contracts2024: $734K across 5 contracts2025: $390K across 2 grants · $1.6M across 13 contracts2026: $680K across 1 grant · $1.3M across 7 contracts

Latest events

  • Federal contractDefense · 8512247298!CABLE Assembly,spec$176K
  • Federal contractDefense · 8512216149!BATTERY,STORAGE$48K
  • Federal contractDefense · 8512185203!CIRCUIT Card Assemb$10K
  • Federal contractDefense · 8512026246!CIRCUIT Card Assemb$12K
  • Federal grantDefense · Phase II · Small Business Innovative Research (SBIR) Phase II Proposal #L2-0503 Tendered Under Topic #DLA232-001 To Turnaround Factor For Rtcass & ALQ-99 Pse Reverse Engineering$680K
  • Federal contractDefense · Small Business Innovative Research (SBIR) Phase II Proposal #L2-0503 Tendered Under Topic #DLA232-001 To Turnaround Factor For Rtcass & ALQ-99 Pse Reverse Engineering$680K
  • Federal contractDefense · 8511959727!ENGINEERING$123K
Show 90 earlier federal awards
  • Federal contractDefense · 8511841576!ENGINEERING$239K
  • Federal contractDefense · Scalable Homeland Innovative Enterprise Layered Defense (shield) Initial Order.$500
  • Federal contractDefense · 8511784436!CONNECTOR,RECEPTACL$3K
  • Federal contractDefense · 8511775181!CIRCUIT Card Assemb$11K
  • Federal contractDefense · 8511691918!ENGINEERING$85K
  • Federal contractDefense · 8511577467!BATTERY,STORAGE$113K
  • Federal contractDefense · Turnaround Factor, SBIR Phase I, Topic A244-P057$250K
  • Federal grantDefense · Phase I · Turnaround Factor, SBIR Phase I, Topic A244-P057$250K
  • Federal contractDefense · 8511534203!CIRCUIT Card Assemb$19K
  • Federal grantDefense · Phase II · SBIR Phase I Base For N251-044$140K
  • Federal contractDefense · SBIR Phase I Base For N251-044$140K
  • Federal contractDefense · 8511216592!REGULATOR,VOLTAGE A$238K
  • Federal contractDefense · Switch,proximity$266K
  • Federal contractDefense · 8511167775!SWITCH,PROXIMITY$98K
  • Federal contractDefense · 8511161791!SWITCH,PROXIMITY$195K
  • Federal contractDefense · 8511119106!SWITCH,PROXIMITY$195K
  • Federal contractDefense · 8510941921!SWITCH,PROXIMITY$195K
  • Federal contractDefense · 8510864691!ENGINEERING$177K
  • Federal contractDefense · 8510855485!SWITCH,PROXIMITY$132K
  • Federal contractDefense · 8510741498!REGULATOR,VOLTAGE A$95K
  • Federal contractDefense · SBIR Phase III Award To Turnaround Factor, Inc. For D-ugr Assembly Facility Set-up And Operations Training$135K
  • Federal contractDefense · 8510246230!ENGINEERING$47K
  • Federal grantDefense · Phase II · BMS Cybersecurity HITL Verification System$1.0M
  • Federal contractDefense · Turnaround Factor SBIR Phase I #L232-001-0160$28K
  • Federal contractDefense · Feasibility Study, SBIR Phase I, Topic SOCOM232-003: Higher Density Handheld Radio Batteries$175K
  • Federal contractDefense · SP4701-23-C-0051 Turnaround Factor$600K
  • Federal contractDefense · 8509735255!BATTERY,STORAGE$10K
  • Federal contractDefense · SBIR Phase II Soldier Sync$1.3M
  • Federal contractDefense · 8509322443!CIRCUIT Card Assemb$6K
  • Federal contractDefense · 8509286182!DEFENSE R&d Experimental Development$609K
  • Federal grantDefense · Phase II · AVEX NiCd Battery Reverse Engineering, NiCd Interim Replacements, and Lithium Replacements$1.0M
  • Federal contractDefense · 8509114635!SERVICES - Basic Research$1.8M
  • Federal contractDefense · 8508747964!CIRCUIT Card Assemb$4K
  • Federal contractDefense · 8508629340!J68-21-SBIR-144$97K
  • Federal grantDefense · Phase II · Deployable UGR Assembly Facility$1.6M
  • Federal contractDefense · EO14042 Defense R&d Experimental Devel$997K
  • Federal contractDefense · 8508361504!DEFENSE R&dexperimental Devel$690K
  • Federal contractDefense · Ruggedize Software For Operational Test$1.5M
  • Federal grantDefense · Phase II · Manufacturing Improvements for DLA Lithium Batteries$1.8M
  • Federal grantDefense · Phase I · Deployable Group Ration (DGR) Platform for Unitized Group Ration (UGR) Assembly$100K
  • Federal contractDefense · Turnaround Factor SBIR Phase I Po 8507385585$43K
  • Federal grantDefense · Phase I · (1) Extensible AR and Hardware Capability Packages for Remote Maintenance$200K
  • Federal contractDefense · 8507318518!BUSINESS Case Analytical Supp$45K
  • Federal grantDefense · Phase I · Food Waste Transfer System from Ship Galleys to the Ship Solid Waste Processing Equipment$140K
  • Federal contractDefense · 8505930413!OTHER Defense - Management An$747K
  • Federal contractDefense · 8505825444!CRM Bca Labor$50K
  • Federal contractDefense · IGF::OT::IGF!8503882049!SERVICES - Manag$100K
  • Federal grantDefense · Phase I · Manufacturing Improvements for DLA Lithium Batteries$149K
  • Federal contractDefense · IGF::OT::IGF!8503392876!SERVICES - Manag$100K
  • Federal contractVeterans Affairs · Igf::ot::igf Logical Follow-in For Osdbu Market Research Survey While Re-competing Contract Under Far Part 13.$55K
  • Federal contractDefense · Igf::ct::igf SBIRSOL2015.1$80K
  • Federal contractVeterans Affairs · Igf::ot::igf. Osdbu Survey.$221K
  • Federal contractCommerce · Igf::ot::igf Omao Employee Survey$41K
  • Federal contractDefense · Igf::ot::igf 8501008166!CLASS Ix - Price Research Pla$63K
  • Federal contractDefense · Igf::ot::igf Strategic Integration$145K
  • Federal contractDefense · SBIR Phase I Topic N131-014$80K
  • Federal contractDefense · Dddk Mobile Tcsp Requirements$26K
  • Federal contractDefense · Strategic Distribution & Reutilization Program Support$130K
  • Federal contractDefense · Distirubtion Metrics Initiative Fy 10$838K
  • Federal contractDefense · Joint Distribution Processing Analysis Center Quantitative Support.$366K
  • Federal contractDefense · J-332 Logistics Support Analysis$200K
  • Federal contractDefense · Dvd Analysis$100K
  • Federal contractDefense · Theater Distribution Analysis$125K
  • Federal contractDefense · Ddxx Sustainment Support$475K
  • Federal contractDefense · Theater Distribution Analysis Support$200K
  • Federal contractDefense · Theater Distribution Support$300K
  • Federal contractDefense · Theater Distribution Analysis Support.$250K
  • Federal contractDefense · Strategic Distribution Database Documentation Support$50K
  • Federal contractDefense · Theater Distribution Analysis Support In Development Of Knowledge Management Program$365K
  • Federal contractDefense · Theater Distribution Support$287K
  • Federal contractDefense · Theater Distribution Support Services$400K
  • Federal contractDefense · Theater Distribution Services$400K
  • Federal contractDefense · Analytical Support Services For Distribution Metrics For Dla.$594K
  • Federal contractDefense · Analytical Support For Passive Rfid Implementation.$993K
  • Federal contractDefense · Analytical Support For Dla's Defense Automated Iniformation Technology Office.$684K
  • Federal contractDefense · Analytical Support Services To J-3312$174K
  • Federal contractDefense · Business Case Analysis Support$120K
  • Federal contractDefense · Theater Distribution Analysis Support.$115K
  • Federal contractDefense · Support Services To Process Busienss Case Analysis For Dscr.$80K
  • Federal contractDefense · Theater Distribution Analysis$500K
  • Federal contractDefense · Theater Distribution Analysis$112K
  • Federal contractDefense · Theater Disctribution Analysis$75K
  • Federal contractDefense · Theater Distribution Analysis$226K
  • Federal contractDefense · Theater Distribution Analysis$100K
  • Federal contractDefense · Theater Distribution Team Support - Eucom$36K
  • Federal contractDefense · Theater Distribution Analysis$240K
  • Federal contractDefense · Theater Distribution Analysis$180K
  • Federal contractDefense · Theater Distribution Analysis$1M
  • Federal contractDefense · Theater Distribution Analysis Support$371K
  • Federal contractDefense · 200512!A06916!1700!N00164!CRANE Division Naval Surface !GS10F0031N !c!n! !Y!N0016405F5578! !20050926!20060626!104466334!104466334!104466334!N!TURNAROUND Factor Inc !6305 Willow Glen Rd !midlothian !VA!23112!51560!041!51!MIDLOTHIAN !chesterfield !virginia !+000000269943!N!N!000000000000!AD24!RDTE/SERVICES-DEMO/VALID !S1 !services !000 !* !332999!E! !5!B!S! ! ! !202$270K

Federal awards are summed by year (97 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.

Standing among 27 peers

Line = median

Defense · Instrument

  • Federal grants#3 · top 11%

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

No granted patents are on record.

USPTO usually publishes applications 18 months after filing, so recent applications may not be visible yet. Patents assigned under a different entity name won’t match.

Checked: USPTO granted patents and published applications · Oct 23, 2026

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 .