Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #24

Apex

Recipient: Apex Technology, INC · UEI K28CM1LVN9H5

About $7.34 raised for every $1 obligated. 74% of it came through Other Transactions (OTs).

Capital raised
$720.0M
Federal obligations, FY2020–FY2026
$98.1M
Raised per $1 obligated
7.3×
Latest valuation
$2.3B
Jun 2026 round

Obligations by fiscal year

$M
0 FY20 0 FY21 0 FY22 1.3 FY23 5.6 FY24 22.8 FY25 68.4 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$25.7M
Other Transactions
$72.4M
Subawards
$0

Notes

Funding
Approximate
Obligations
Recorded as Apex Technology, Inc.

Cite this: Defense Tech Signals, "Capital vs. Contracts: Apex," data as of 2026-11-08, https://data.defensetechsignals.com/c/apex/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026). Obligations last refreshed 11/5/2026.