Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #4 Not in totals

Scale AI

Recipient: SCALE AI, INC. · UEI DHU2LMKSDQD9

About $62 raised for every $1 obligated.

Scale AI is excluded from the chart and totals because its scale or business mix would swamp the comparison. Its figures are shown here for reference. Why

Capital raised
$15.9B
Federal obligations, FY2020–FY2026
$258.2M
Raised per $1 obligated
61.6×
Latest valuation
$29.0B
Meta investment, Jun 2025

Obligations by fiscal year

$M
22.1 FY20 0.7 FY21 44.7 FY22 31.2 FY23 43.4 FY24 51.5 FY25 64.8 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$124.5M
Other Transactions
$126.5M
Subawards
$7.2M

Notes

Funding
Includes Meta's ~$14.3B, largely paid out to shareholders; primary VC equity ~$1.6B

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

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.