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Defense tech funding just reached a new high . Defense technical school startups have raised almost $ 3 billion so far in 2024,according to Crunchbase . This surpassed the previous record from 2022 of $ 2.6 billion .
It ’s an impressive feat , peculiarly considering the number of deals has shrunk : in 2022 , there were 113 defense tech rounds , outpacing 2024 ’s 85 rounds .
The record is buoy by a few monster rounds this year , like weapons manufacturerAnduril , which raise a $ 1.5 billion Series F in August , andSaronic Technologies , an sovereign maritime fomite company founded by Anduril alumni , which raised a $ 175 million Series B this year . to boot , defense substructure startup Chaos Industries lift a $ 145 million Series B this month .
Europe ’s defence tech fit has grown by leaps and bound this year as well . German AIweapons startup Helsingraised a whopping $ 487 million this year . AndPitchBook reportsa stiletto heel in new Europe - based defence tech venture firms , like Ukrainian D3 Venture Capital , Lithuanian ScaleWolf , and British Twin Track Ventures .
“ We are living in an increasingly dangerous world , ” said Mikolaj Firlej , general partner of Europe - base Expeditions Fund , to PitchBook . “ Many are now feeling a sense of urgency and commission to utilise money and networks to invest in former - phase ship’s company that could move the needle and help protect us . ”
The defending team technical school boom demonstrate no foretoken of slack : Department of Defense investors and founders arereportedly expectingthe unexampled White House administration to leave even more chance for startups offering new technologies in everything from blank and aeronautics to weapons and surveillance technical school .
“ The close relationships between [ frailty chairman - elect ] Vance , Elon and the defense VC and startup ecosystem will create a vast opening for existent defense acquirement reform and widening of the number of players , ” Nathan Mintz , conscientious objector - founder of electronic warfare startup CX2,told Forbes .
