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
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series A — $400,000
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First Round
First Round
(31 Jan 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2017 | Amount | Series A - TRX Systems | Valuation |
investors |
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| Apr, 2016 | Amount | Series A - TRX Systems | Valuation |
investors |
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| May, 2015 | Amount | Series A - TRX Systems | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Startups are accelerated and invested in across multiple tech sectors.
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Early-stage investments are provided to Mid-Atlantic startups by this group.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TRX Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TRX Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Trx Systems Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
SaaS-based navigation and location mapping solutions are developed.
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| domain | founded_year | HQ Location |
Digital maps, telematics, and dynamic traffic information solutions are provided.
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| domain | founded_year | HQ Location |
Sensor-based location monitoring systems are provided for healthcare workforce.
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| domain | founded_year | HQ Location |
Indoor navigational platform is provided through API mapping tools.
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| domain | founded_year | HQ Location |
Map applications for transportation location management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Trx Systems
Frequently Asked Questions about TRX Systems
When was TRX Systems founded?
TRX Systems was founded in 2004 and raised its 1st funding round 4 years after it was founded.
Where is TRX Systems located?
TRX Systems is headquartered in Greenbelt, United States. It is registered at Greenbelt, Maryland, United States.
Is TRX Systems a funded company?
TRX Systems is a funded company, having raised a total of $2.9M across 11 funding rounds to date. The company's 1st funding round was a Series A of $500K, raised on Jan 31, 2008.
What does TRX Systems do?
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.
Who are the top competitors of TRX Systems?
TRX Systems's top competitors include TomTom, MapsPeople and NavInfo.
What products or services does TRX Systems offer?
TRX Systems offers TRX DAPS II, Tactical Watch, and ATAK Integration.
Who are TRX Systems's investors?
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.
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