Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #2

Saronic

Recipient: SARONIC TECHNOLOGIES, INC · UEI JZ14WLJDYM71

About $6.08 raised for every $1 obligated. 93% of it came through Other Transactions (OTs).

Capital raised
$2.6B
Federal obligations, FY2020–FY2026
$426.8M
Raised per $1 obligated
6.1×
Latest valuation
$9.3B
Series D, Mar 2026

Obligations by fiscal year

$M
0 FY20 0 FY21 0 FY22 0 FY23 9.2 FY24 244.9 FY25 172.7 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$29.3M
Other Transactions
$397.5M
Subawards
$0

Notes

Funding
Sep 2026 reports of new round in talks; not closed

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

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.