Category: Defense Tech

• Global defense funding has increased significantly since recent global conflicts, leading to a rise in investment in defense tech startups.
• The U.S. leads in defense budget, with major tech firms receiving contracts worth $53 billion between 2019 and 2022.
• Investors are showing interest in defense tech with dual-use potential, which can be applied to both civilian and military purposes.
• Venture capital firms, such as NATO Innovation Fund and MD One Ventures, are investing in resilience tech startups globally.

• Defense tech funding has significantly slowed at the start of the year, with funding less than half of what it was at the same point last year
• In Q1 of this year, funding to startups in military, national security, and law enforcement industries dropped by 74%
• The reported $1.5 billion round for Anduril seemed to reignite interest in defense tech in late 2022
• While defense tech funding has declined, sectors like cybersecurity and robotics have seen increased funding
• One significant round in defense tech can have a substantial impact due to the small numbers associated with funding in the sector

Defense Tech Funding Slows in 2024

In the realm of defense technology, the pace of funding has taken a notable dip at the start of this year. Read more