Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #100

Harmonic

Recipient: HARMONIC INC · UEI TGKQR7DSKME3

About $492 raised for every $1 obligated. 100% of it came through prime contracts.

Capital raised
$295.0M
Federal obligations, FY2020–FY2026
$0.6M
Raised per $1 obligated
492×
Latest valuation
$1.5B
Series C, Nov 2025

Obligations by fiscal year

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

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$0.6M
Other Transactions
$0
Subawards
$0

Notes

Obligations
No federal awards found under own name

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

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.