Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #22

Applied Intuition

Recipient: APPLIED INTUITION, INC. · UEI H7TTMDDHPN23

About $9.64 raised for every $1 obligated. 68% of it came through Other Transactions (OTs).

Capital raised
$1.2B
Federal obligations, FY2020–FY2026
$124.7M
Raised per $1 obligated
9.6×
Latest valuation
$15.0B
Series F, Jun 2025

Obligations by fiscal year

$M
0 FY20 2.1 FY21 1.2 FY22 11.7 FY23 40.8 FY24 24.6 FY25 44.3 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$2.4M
Other Transactions
$84.8M
Subawards
$37.5M

Notes

Funding
Oct 2026 reports of offers at ≥$30B (not used)

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

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.