Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #56

Saildrone

Recipient: SAILDRONE INC · UEI DR4UE3MCD3K7

About $1.27 raised for every $1 obligated. 61% of it came through Other Transactions (OTs).

Capital raised
$246.0M
Federal obligations, FY2020–FY2026
$193.2M
Raised per $1 obligated
1.3×
Latest valuation
$1.0B
Series D, 2021 (stale)

Obligations by fiscal year

$M
4.6 FY20 3.8 FY21 7.5 FY22 36.1 FY23 44.1 FY24 23.0 FY25 74.3 FY26

Prime contracts Other Transactions Subawards FY2027 so far: −$0.6M (not in totals)

Contract mix

Prime contracts
$69.5M
Other Transactions
$117.6M
Subawards
$6.1M

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

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.