Silicon Valley VCs rush into defence technology start-ups

Investment in military tech start-ups is booming as the war in Ukraine and geopolitical tensions with China leads to growing confidence that the US government will give lucrative contracts to Silicon Valley companies making cutting-edge defence systems. US venture capitalists have agreed more than 200 defence and aerospace deals in the first five months of this year worth nearly $17bn — more than the sector raised during the entire of 2019, according to data from PitchBook. READ MORE