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TRX Systems
company
About
TRX Systems is the developer of NEON®, a location system delivering tracking services inside GPS-disabled buildings.
- 11 - 50
Details
- Last Funding Type
- Grant
- Last Funding Money Raised
- $180K
- Industries
- Location Based Services,National Security,Navigation,Security,Software
- Founded date
- Jan 1, 2004
- Number Of Employee
- 11 - 50
- Operating Status
- Active
TRX Systems, Inc. is the developer of NEON, an indoor location system that delivers precise, infrastructure free tracking of personnel inside buildings where GPS is not available and in outdoor urban centers where GPS is unreliable. NEON greatly improves situational awareness and command effectiveness through the use of advanced sensor fusion, time of flight ranging, and mapping algorithms that deliver precise, real time location of personnel in GPS-denied locations.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
4
$4.10M
TRX Systems has raised a total of
$4.10M
in funding over 2 rounds. Their latest funding was raised on
Aug 10, 2015 from a Series Unknown round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Aug 10, 2015 | Series Unknown | $500K | 1 | — | — | Detail |
| Mar 24, 2014 | Grant | $1.42M | 1 |
National Science Foundation
|
— | Detail |
| Nov 12, 2012 | Series A | $2M | 1 | — | — | Detail |
| Apr 25, 2012 | Grant | $180K | 1 |
National Science Foundation
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
2
3
TRX Systems is funded by 3 investors.
National Science Foundation
and EMERGE CoLab (Powered by TechNexus Venture Collaborative)
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
National Science Foundation
|
Yes | Grant |
EMERGE CoLab (Powered by TechNexus Venture Collaborative)
|
— | Series Unknown |
Maryland Department of Business and Economic Development
|
— | Series A |
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