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“As soon as an enviornment 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 observed that at TechCrunch Disrupt and in current information, too. — Anna
Protection tech is now 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 elevating an enormous $1.48 billion Collection 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 pattern through which protection tech and enterprise capital {dollars} are now 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 business — and extra buyers are prepared to fund them.”