Venture capital is opening the gates for defense tech

2 Min Read

W
elcome to the TechCrunch Change, a weekly startups-and-markets publication. It’s impressed by the day by day TechCrunch+ column the place it will get its identify. Need it in your inbox each Saturday? Join right here.

“As soon as an area only for contrarian VCs, miltech [or defense tech] is booming and there’s an urge for food for the federal government sector to outsource R&D to the VC crowd,” my former boss Matthew Panzarino wrote not too way back. I seen that at TechCrunch Disrupt and in current information, too. — Anna

Protection tech is not a tough no

Protection firm Anduril was as soon as described as “tech’s most controversial startup.” However that hasn’t stopped it from raising a massive $1.48 billion Sequence E spherical of funding final December, which is presumably fueling its current acquisition spree. Its newest deal is the takeover of Blue Drive Applied sciences, the design and engineering agency behind the “Fury” unmanned fighter jet.

Anduril is greater than a counterpoint, although. It’s symbolic of a development during which protection tech and enterprise capital {dollars} are not antithetic. As my TechCrunch colleague Aria Alamalhodaei famous:

“Anduril’s success has flown in opposition to the long-dominant perspective that protection tech is ill-suited for enterprise {dollars}. Such success tales, mixed with rising geopolitical tensions and a sea change contained in the Pentagon itself, has meant that extra startups than ever earlier than are actively in search of to work on tech on the intersection of nationwide safety and industrial — and extra traders are keen to fund them.”

See also  China's tech titans race to invest $340M in OpenAI challenger



Source link

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter CoinGecko Free Api Key to get this plugin works.