TRM Labs
Recipient: TRM LABS, INC. · UEI EW97MHKPD1P8
About $1.62 raised for every $1 obligated. 100% of it came through prime contracts.
Capital raised
$220.0M
Federal obligations, FY2020–FY2026
$135.6M
Raised per $1 obligated
1.6×
Latest valuation
$2.0B
Sep 2026 round (amount undisclosed)
Obligations by fiscal year
Prime contracts Other Transactions Subawards
Contract mix
- Prime contracts
- $135.5M
- Other Transactions
- $0.1M
- Subawards
- $0
Notes
- Funding
- SVDG total; Sep 2026 add-on not disclosed
Cite this: Defense Tech Signals, "Capital vs. Contracts: TRM Labs," data as of 2026-11-08, https://data.defensetechsignals.com/c/trm-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.