Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #66

Chainguard

Recipient: Chainguard Inc · UEI UC1BNPBRM1F5

About $4460 raised for every $1 obligated. 100% of it came through Other Transactions (OTs).

Capital raised
$892.0M
Federal obligations, FY2020–FY2026
$0.2M
Raised per $1 obligated
4,460×
Latest valuation
$3.5B
Series D, Apr 2025

Obligations by fiscal year

$M
0 FY20 0 FY21 0 FY22 0.2 FY23 0 FY24 0 FY25 0 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$0
Other Transactions
$0.2M
Subawards
$0

Notes

Obligations
Sold mainly through resellers and marketplaces

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

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: SVDG 2026 report total, plus later announced rounds. Obligations last refreshed 11/5/2026.