About TRX Systems
TRX Systems is a company based in Greenbelt (United States) founded in 2004 was acquired by ACR Electronics in January 2022. TRX Systems has raised $2.9 million across 11 funding rounds from investors including Plug and Play Tech Center, ACR Electronics and Maryland Department of Commerce. TRX Systems offers products and services including TRX DAPS II, Tactical Watch, and ATAK Integration. TRX Systems operates in a competitive market with competitors including TomTom, NavInfo, Navenio, MapsPeople and T Map Mobility, among others.
- Headquarter Greenbelt, United States
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Sectors
Government & Social SectorTechnology Industrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Trx Systems, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.9 M (USD)
in 11 rounds
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Latest Funding Round
$400 K (USD), Series A
Apr 04, 2017
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Investors
Plug and Play Tech Center
& 5 more
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Employee Count
Not available
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Acquired by
ACR Electronics
(Jan 24, 2022)
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Products & Services of TRX Systems
TRX Systems offers a comprehensive portfolio of products and services, including TRX DAPS II, Tactical Watch, and ATAK Integration.
Delivers assured PNT using M-Code GPS for military operations
Enables discreet access to PNT data via encrypted Bluetooth
Facilitates unified situational awareness for warfighters
People of TRX Systems
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Funding Insights of TRX Systems
TRX Systems has successfully raised a total of $2.9M across 11 strategic funding rounds. The most recent funding activity was a Series A round of $400 thousand completed in April 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in TRX Systems
TRX Systems has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Plug and Play Tech Center, ACR Electronics and Maryland Department of Commerce.
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Early-stage investments are provided to Mid-Atlantic startups by this group.
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Investor details for TRX Systems
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Investments & Acquisitions by TRX Systems
Investment portfolio details for TRX Systems
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Financial Statements - TRX Systems
Detailed financials for TRX Systems
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Trx Systems Comparisons
Peer comparison for TRX Systems
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Competitors of TRX Systems
TRX Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TomTom, NavInfo, Navenio, MapsPeople and T Map Mobility, among others.
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SaaS-based navigation and location mapping solutions are developed.
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Digital maps, telematics, and dynamic traffic information solutions are provided.
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Sensor-based location monitoring systems are provided for healthcare workforce.
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Indoor navigational platform is provided through API mapping tools.
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Map applications for transportation location management are provided.
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Detailed competitors of TRX Systems
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Latest news on Trx Systems
Complete news archive for TRX Systems
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Frequently Asked Questions about TRX Systems
TRX Systems was founded in 2004 and raised its 1st funding round 4 years after it was founded.
TRX Systems is headquartered in Greenbelt, United States. It is registered at Greenbelt, Maryland, United States.
TRX Systems is a funded company, having raised a total of $2.9M across 11 funding rounds to date.
TRX Systems is the developer of advanced sensor fusion, ranging, and dynamic mapping algorithms. Using these algorithms, the company has developed Neon, an indoor location system that delivers infrastructure-free tracking of personnel inside buildings where GPS is not available and in outdoor urban centers where GPS is unreliable.
TRX Systems's top competitors include TomTom, MapsPeople and NavInfo.
TRX Systems offers TRX DAPS II, Tactical Watch, and ATAK Integration.
TRX Systems has 6 investors. Key investors include Plug and Play Tech Center, ACR Electronics, Maryland Department of Commerce, National Science Foundation, and New Dominion Angels.