Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #69

Machina Labs

Recipient: MACHINA LABS INC · UEI VM61UXESTKJ1, USNRV8H57HU8

About $11 raised for every $1 obligated. 82% of it came through prime contracts.

Capital raised
$171.0M
Federal obligations, FY2020–FY2026
$15.6M
Raised per $1 obligated
11.0×
Latest valuation
—
Not disclosed

Obligations by fiscal year

$M
0.1 FY20 1.6 FY21 3.1 FY22 3.1 FY23 2.4 FY24 5.0 FY25 0.3 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$12.8M
Other Transactions
$0
Subawards
$2.8M

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

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.