About Tworx
Tworx is an Aerospace, Defense & Maritime company based in Sterling (United States) founded in 2010 by Don Mclaughlin. It operates as an intelligent rail platform connects rifles and accessories to command centers. Tworx has raised $6.99 million across 2 funding rounds from investors including Evergreen Capital Partners. Its focus areas include Aerospace, Maritime and Defense Tech, Military Tech, Non Combat Systems and C4ISR. Its competitors include Rebellion Defense, Reveal Tech, TurbineOne, Janes and SoarTech and 5 more; 6 of its 10 listed competitors have raised funding.
Company details
Tworx provides an Intelligent Rail patented platform technology that powers, connects, and communicates data from rifles and accessories to command centers on and off the battlefield. It is a software and hardware platform that fits within weapons to provide power and data analytics. It is based on the ruggedized Printed Circuit Board (PCB) technology that is inserted in the center of each Mil-Std-1913 Picatinny Rail.
- Total Equity Funding$6.99M (USD)
in 2 rounds
- Latest Funding Round$1.99M (USD), Series C
Sep 2019
- Investors
Funding Insights of Tworx
Tworx has successfully raised a total of $6.99M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $1.99 million completed in September 2019. 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 $6.99M
- Total Rounds 2
- Last Round Series C — $1.99M
- First Round $5M
(May 2019)
- Investors Count 1
All 2 funding rounds of Tworx 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 |
|---|---|---|---|---|---|
| Sep 2019 | $1.99M | Series C | – | – | – |
| May 2019 | $5M | Series C | – | Evergreen Capital Partners | – |
1 investors in total: 1 institutional.
Investors in Tworx
Tworx has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Evergreen Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Advisory services and co-investments are provided by Evergreen Capital. | – | evergreencappartners.com | - |
Investor details for Tworx
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People of Tworx
3 people are tracked at Tworx (2 in leadership, 1 in board & advisors).
| Name | Role | Group |
|---|---|---|
Don Mclaughlin | Co-Founder | Leadership |
Ben Feldman | Co-Founder | Leadership |
Devin Schain | Executive Chairman | Board & advisors |
Complete people profiles for Tworx
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Timeline of Tworx
3 dated milestones of Tworx across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Tworx is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series C, of $2.0M.
Competitors of Tworx
Tworx has 10 listed competitors in our database, 6 of them funded. They include Rebellion Defense, Reveal Tech, TurbineOne, Janes and SoarTech, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| rebelliondefense.com | 2019 | Washington, United States | $150M | – | AI and ML-based intelligence systems are provided for defense. | |
| revealtech.ai | 2018 | San Francisco, United States | $42.12M | 19 | Provider of intelligent systems for the military | |
| turbineone.com | 2021 | San Francisco, United States | $54M | 11 | AI-based surveillance and reconnaissance for military use are provided. | |
| janes.com | 1898 | Coulsdon, United Kingdom | – | 199 | Open-source defence and security intelligence data and analysis are provided. | |
| soartech.com | 1998 | Ann Arbor, United States | – | 123 | Intelligent defense systems and adaptive training simulations are developed. | |
| vannevarlabs.com | 2019 | Palo Alto, United States | $91.5M | 27 | AI-based security products for defense are developed. | |
| pixia.com | 1999 | Reston, United States | $50M | 37 | Data access solutions for Wide Area Imagery are provided. | |
| 4manalytics.com | 2019 | Israel | $44M | – | AI-based security intelligence solutions for mine action are provided. | |
| boldend.com | 2017 | Carlsbad, United States | – | – | Cyberspace defense products are developed to support US efforts. | |
| skylarklabs.ai | 2021 | San Francisco, United States | – | – | AI platform for video surveillance and analytics is integrated. |
Detailed competitors of Tworx
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Top companies in Defense & Military Services
10 companies that operate in the same segment as Tworx (Defense & Military Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
AI-based software suites are developed for navigation applications. | 1893 | Paris, France | – | USD 26.01 B | 83,020 | |
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 9,670 | |
Developer of unmanned aerial vehicles | 2007 | Navi Mumbai, Maharashtra, India | USD 53.82 M | USD 24.09 M | 595 | |
Professional drones and software solutions are manufactured for specialized applications. | 1994 | Paris, France | – | USD 93.74 M | 395 | |
Manufacturer of drones and provider of drone-based solutions across various sectors | 2015 | Chennai, Tamil Nadu, India | USD 59.3 M | USD 12.94 M | 130 | |
Defense and aerospace systems are manufactured and developed by RTX. | 1922 | United States | – | USD 88.6 B | 186,000 | |
Autonomous drones, software, and accessories are manufactured for various sectors. | 2014 | San Mateo, California, United States | USD 825 M | – | 1,067 | |
Autonomous drones and AI pilots for fighter jets are developed. | 2015 | San Diego, California, United States | USD 3.52 B | – | 1,965 | |
Developer of small unmanned aerial systems | 2015 | Gilching, Bayern, Germany | USD 1.82 B | USD 39.45 M | 741 |
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Frequently Asked Questions about Tworx
Tworx was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Tworx is headquartered in Sterling, United States.
Tworx is a funded company, having raised a total of $6.99M across 2 funding rounds to date. The company's 1st funding round was a Series C of $5M, raised on May 2019.
Tworx provides an Intelligent Rail patented platform technology that powers, connects, and communicates data from rifles and accessories to command centers on and off the battlefield. It is a software and hardware platform that fits within weapons to provide power and data analytics. It is based on the ruggedized Printed Circuit Board (PCB) technology that is inserted in the center of each Mil-Std-1913 Picatinny Rail.
Tworx's top competitors include Vannevar Labs, TurbineOne and Rebellion Defense.
Tworx has 1 investor. Key investors include Evergreen Capital Partners.