About TRX Systems
TRX Systems is a Government & Social Sector company based in Greenbelt (United States) founded in 2004, and was acquired by ACR Electronics in January 2022. Sensor fusion algorithms for indoor tracking systems are developed. It operates in the Government & Social Sector, Technology, and Industrial Goods & Manufacturing sectors. 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. Its focus areas include High Tech, Geographic Information Systems, Positioning & Navigation and Navigation. Its legal entity is TRX Systems, Inc.
Company details
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.
- Headquarters Greenbelt, United States
- Stage Acquired
- SectorsGovernment & Social SectorTechnology Industrial Goods & Manufacturing
- Website trxsystems.com
- Social LinkedIn X YouTube
- Acquired by ACR Electronics (Jan 2022)
- Legal Name Trx Systems, Inc.
- Total Equity Funding$2.9M (USD)
in 11 rounds
- Latest Funding Round$400K (USD), Series A
Apr 2017
- InvestorsPlug and Play Tech Center
& 5 more
- Acquired byACR Electronics
(Jan 2022)
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
Apps and channels of TRX Systems
its YouTube channel TRXSystemsTV has 144 subscribers and 4 videos.
Videos from TRX Systems
The most watched videos on TRX Systems's YouTube channel, TRXSystemsTV (144 subscribers). Click a video to play it here.
More on TRXSystemsTV.
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 $2.9M
- Total Rounds 11
- Last Round Series A — $400,000
- First Round $1.04M
(Jan 2008)
- Investors Count 5
Latest 10 of 11 funding rounds of TRX Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2017 | $400,000 | Series A | – | – | – |
| Apr 2016 | Series A | – | – | ||
| May 2015 | $500,000 | Series A | – | – | – |
| Apr 2014 | $1.43M | Grant | – | – | |
| Nov 2012 | $2M | Series A | – | – | |
| Jul 2012 | $180,000 | Grant | – | – | |
| May 2012 | Seed | – | – | ||
| Apr 2012 | $180,000 | Grant | – | – | |
| Jun 2010 | $1.04M | Grant | – | – | |
| Feb 2008 | $1.04M | Grant | – | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
Early-stage investments are provided to Mid-Atlantic startups by this group. | newdominionangels.com | |||
| motorolasolutions.com/en_us/about/company-overview/ventures.html | ||||
A government-backed foundation providing seed-stage investments to support small businesses. | 1950 | nsf.gov | Arlington, United States | |
Government agency focused on development of Maryland | 1884 | commerce.maryland.gov | Baltimore, United States | |
Manufacturer of emergency beacons and survival gear | 1956 | acrartex.com | Fort Lauderdale, United States |
Investor details for TRX Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
People of TRX Systems
16 people are tracked at TRX Systems (7 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Brendan Huber | Director Of DAPS Engineering | Leadership |
Lou Martinage | Director Of Product Management | Leadership |
Ben Funk | VP, Engineering | Leadership |
Carole Teolis | CTO | Leadership |
David Gray | VP, Finance & HR | Leadership |
Jeff Kunst | VP, Product | Leadership |
Carol Politi | President & CEO | Leadership |
Alexander Tabor | Solutions Engineer 1 | Team |
Tony Chew | Business Lead, APAC | Team |
Amethyst Freeman | Operations & Supply Chain Manager | Team |
Samuel Peterson | Software Engineer | Team |
John Karvounis | Principal Engineer | Team |
Mat Bird | Sensor Fusion Engineer | Team |
Alex Prokopik | Engineer | Team |
Ashlen Stevenson | Staff Accountant | Team |
Malik Downey | Software Test Engineer | Team |
Complete people profiles for TRX Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of TRX Systems
4 dated milestones of TRX Systems across 18 years, from founding to its latest funding, stage changes and deals.
- Founded TRX Systems is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series A, of $400K.
- Exit Acquired by ACR Electronics.
Web traffic of TRX Systems
The website of TRX Systems (trxsystems.com) receives about 3.6K visits a month.
- Monthly visits3.6K
▼ 17.1% vs previous month
Websites whose visitors overlap most with TRX Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nalresearch.com | 100% | 2.3K | #8,964,790 | View details | |
| gymaesthetics.com | 33% | #798,992 | View details | ||
futurecdjr.com | futurecdjr.com | 26% | #1,431,747 | – |
Top companies in GovTech
3 companies that operate in the same segment as TRX Systems (GovTech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Axon is focused on developing public safety technology solutions. | 1993 | Scottsdale, Arizona, United States | USD 2.78 B | 4,100 | ||
Administrative tools and civic engagement platforms are provided to governments. | 1999 | San Ramon, California, United States | USD 235.62 M | |||
Cloud-based software for visualizing municipal financial data is provided. | 2012 | Redwood City, California, United States | USD 182.12 M | USD 2.39 M | 90 |
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Related news about 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. The company's 1st funding round was a Grant of $1.04M, raised on Jan 2008.
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 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.
TRX Systems operates through Trx Systems, Inc..
Yes. TRX Systems was acquired by ACR Electronics in January 2022.