Matthew Fulco
20 August 2024

Financing of defense technology reaches new high

Defense technology funding has reached $2.5 billion in 2024 and is likely to surpass the record $2.6 billion set in 2022.

Photo credit: Elena Merkulova/Alamy Stock Vector

Venture capital (VC) funding in defense technology companies has reached $2.5 billion this year, according to a new report from startup data tracker Crunchbase, after Anduril Industries closed a $1.5 billion Series F funding round in early August. With four months to go until 2024, this year’s defense technology funding round will…

Matthew Fulco

Matthew Fulco is Aviation Week’s business editor, focusing on commercial aerospace and defense.

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