Delta between Private Investment and USG Obligations Remains a Vulnerability

NatSec100’s capital-to-contracting gap remains stark with or without OpenAI: private investment still outweighs federal obligations by a wide margin, underscoring the need to turn venture-backed momentum into sustained government adoption.

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Excluding OpenAI Including OpenAI

Total Private Capital Raised vs. Federal Obligations for the 2026 NatSec100 Cohort, Including OpenAI

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Numbers include ALL private investment and ALL public obligated contract and funding dollars over all time.