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Led by Anduril, defense tech funding sets a new record this year
Defense tech startups have raised almost $3 billion so far in 2024, surpassing the previous record from 2022 of $2.6 billion.
“We are living in an increasingly dangerous world,” said Mikolaj Firlej, general partner of Europe-based Expeditions Fund, to PitchBook. “Many are now feeling a sense of urgency and mission to use money and networks to invest in early-stage companies that could move the needle and help protect us.” “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 and widening of the number of players,” Nathan Mintz, cofounder of electronic warfare startup CX2, told Forbes.
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