Defense tech funding reached $3 billion in 2024, exceeding last year's record, despite fewer deals. Major rounds from Anduril and others underscore growing investment interest.
Mikolaj Firlej, a general partner of Expeditions Fund, states, "We are living in an increasingly dangerous world. Many are now feeling a sense of urgency…to invest in early-stage companies that could move the needle and help protect us."
Nathan Mintz, cofounder of CX2, emphasized the potential impact of the incoming administration, saying, "The close relationships between [vice president-elect] Vance, Elon and the defense VC and startup ecosystem will create a huge opening for real defense acquisition reform…"
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