VC-Backed Defense Tech Funding Rose 11% To $3 Billion In 2024

VC-backed defense tech funding increased to $3 billion in 2024 with Anduril accounting for half of the total.

Credit: Freepik
Funding for defense technology startups backed by venture capitalists (VCs) increased 11% year-on-year to $3 billion in 2024, according to new data from private-company tracker Crunchbase. Anduril’s $1.5 billion Series F round, in which the company was valued at $14 billion, accounted for half of...
Matthew Fulco

Matthew Fulco is Business Editor for Aviation Week, focusing on commercial aerospace and defense.

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